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Relationship between intellectual capital and migratory flows: An international study


  • 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.)


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.

Suggested Citation

  • Domingo Nevado Peña & José Luis Alfaro Navarro & Víctor Raúl López Ruiz, 2010. "Relationship between intellectual capital and migratory flows: An international study," Economía, Instituto de Investigaciones Económicas y Sociales (IIES). Facultad de Ciencias Económicas y Sociales. Universidad de Los Andes. Mérida, Venezuela, vol. 35(29), pages 37-56, January-j.
  • Handle: RePEc:ula:econom:v:35:y:2010:i:29:p:37-56

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    References listed on IDEAS

    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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    More about this item


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

    JEL classification:

    • F02 - International Economics - - General - - - International Economic Order and Integration
    • J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity
    • O3 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights
    • O57 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Comparative Studies of Countries


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