High-Skill Migration, Multinational Companies, and the Location of Economic Activity

• 成果类型: Article
• 署名作者: Morales, Nicolas
• 署名单位: Federal Reserve System - USA; Federal Reserve Bank - Richmond
• 刊物名称: REVIEW OF ECONOMICS AND STATISTICS
• ISSN/ISSBN: 0034-6535
• DOI: 10.1162/rest_a_01327
• 发表日期: 2025-07
• 页码: 982-996
• 关键词: productivity; immigration; TRADE; INNOVATION; KNOWLEDGE; geography; selection; gravity; country; FDI

摘要

This article aims to understand the relationship between high-skill immigration and multinational activity. I assemble a firm-level dataseton high-skill visas and show that there is a large home bias effect: foreignmultinationals hire more immigrants from their home countries than fromother origins. I then build and estimate a quantitative model that relatesmultinational production with immigration. First, I impose a restrictive im-migration policy in the United States and evaluate how it affects produc-tion and wages. Second, I increase the barriers to multinational productionand show that immigration is an important channel to quantify the welfaregains generated by multinationals.