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The Gift of Global Talent: Innovation Policy and the Economy

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  • William R. Kerr

Abstract

Talent is the most precious resource for today's knowledge-based economy, and a significant share of the US skilled workforce in technology fields is foreign born. The United States has long held a leading position in attracting global talent, but the gap between the United States and other countries is shrinking. Immigration policies like the H-1B visa program shape the admissions of foreign workers to the country and grant a particularly strong gatekeeping role to sponsoring firms and universities. This chapter explores the data around global talent flows and some of the economic implications of an employer-driven immigration approach.

Suggested Citation

  • William R. Kerr, 2020. "The Gift of Global Talent: Innovation Policy and the Economy," Innovation Policy and the Economy, University of Chicago Press, vol. 20(1), pages 1-37.
  • Handle: RePEc:ucp:ipolec:doi:10.1086/705637
    DOI: 10.1086/705637
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    Cited by:

    1. William R. Kerr & Frederic Robert-Nicoud, 2020. "Tech Clusters," Journal of Economic Perspectives, American Economic Association, vol. 34(3), pages 50-76, Summer.
    2. Selina Phan & Evan Cleave & Godwin Arku, 2020. "Innovation within the Context of Local Economic Development and Planning: Perspectives of City Practitioners," Urban Planning, Cogitatio Press, vol. 5(3), pages 364-377.
    3. Cristelli, Gabriele & Lissoni, Francesco, 2020. "Free movement of inventors: open-border policy and innovation in Switzerland," MPRA Paper 104120, University Library of Munich, Germany.

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    More about this item

    JEL classification:

    • F22 - International Economics - - International Factor Movements and International Business - - - International Migration
    • F23 - International Economics - - International Factor Movements and International Business - - - Multinational Firms; International Business
    • J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity
    • O31 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives
    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes

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