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Relationship between intellectual capital and migratory flows: An international study

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  • Domingo Nevado Peña

    ()
    (Profesor Titular. Departamento de Administración de Empresas. Área de Contabilidad. Universidad de Castilla-La Mancha. C/ Ronda de Toledo s/n, 13.071 Ciudad Real.)

  • José Luis Alfaro Navarro

    ()
    (Profesor Contratado Doctor. Departamento de Economía Política y Hacienda Pública, Estadística Económica y Empresarial y Política Económica. Área de Estadística. Universidad de Castilla-La Mancha. Plaza de la Universidad, 1, 02071 Albacete.)

  • Víctor Raúl López Ruiz

    ()
    (Profesor Contratado Doctor. Departamento de Economía Española e Internacional, Econometría e Historia e Instituciones Económicas. Área de Econometría (Economía Aplicada).Universidad de Castilla-La Mancha. Plaza de la Universidad, 1, 02071 Albacete.)

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    Abstract

    In this paper we propose a model to measure the intellectual capital of nations that takes into account aspects not contemplated by the Gross Domestic Product (GDP). It is based on the observation of hidden capital as implicit generators of long term wealth, considering intangible such as human development, foreign image, innovation and social and environmental responsability. In addition, we have applied this model to several countries grouped in clusters according to their efficiency of knowledge capital. This empirical study reveals the importance of immigration in the nation’s wealth measure through intellectual capital. Concretely, countries rich in intangibles receive more migrations and reach even better levels in terms of intellectual capital with the attraction of human capital.

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    Bibliographic Info

    Article provided by Instituto de Investigaciones Económicas y Sociales (IIES). Facultad de Ciencias Económicas y Sociales. Universidad de Los Andes. Mérida, Venezuela in its journal Economía.

    Volume (Year): 35 (2010)
    Issue (Month): 29 (January-june)
    Pages: 37-56

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    Handle: RePEc:ula:econom:v:35:y:2010:i:29:p:37-56

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    Postal: Facultad de Ciencias Económicas y Sociales. Instituto de Investigaciones Económicas y Sociales. Campus Universitario Liria, Edificio G, Tercer Nivel. Mérida 5101, Estado Mérida, Venezuela
    Phone: +58 74 401111 ext. 1081
    Fax: +58 74 401120
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    Web page: http://iies.faces.ula.ve/
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    Related research

    Keywords: Inmigration; knowledge economy; intellectual capital; indicators; wealth.;

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    1. Alfaro Navarro, José Luis & López Ruíz, Víctor Raúl, 2008. "El capital estructural tecnológico como medida de crecimiento económico regional," Estudios de Economía Aplicada, Estudios de Economía Aplicada, vol. 26, pages 57-72, Julio.
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