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The Contribution of International Master Students to Entrepreneurship in the World

Author

Listed:
  • Michel Beine
  • Giovanni Peri
  • Morgan Raux
  • Lilie Timricht

Abstract

We provide the first global empirical evidence on the relationship between international master’s education and entrepreneurship. Using large-scale longitudinal data from LinkedIn/Revelio, we document that international master’s graduates are systematically more likely than domestic graduates to create firms across the world’s leading destinations for international students. We further show how this entrepreneurial advantage varies across fields of study, gender, origin and destination countries. In addition, we document the geography of post-graduation firm creation, highlighting the international mobility of entrepreneurial activity among former international students. Taken together, the results offer a new global perspective on the economic impact of international student mobility and the contribution of international master’s graduates to entrepreneurship, innovation, and business dynamism worldwide.

Suggested Citation

  • Michel Beine & Giovanni Peri & Morgan Raux & Lilie Timricht, 2026. "The Contribution of International Master Students to Entrepreneurship in the World," CESifo Working Paper Series 13014, CESifo.
    • Handle: RePEc:ces:ceswps:_13014
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    Keywords

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    JEL classification:

    • F22 - International Economics - - International Factor Movements and International Business - - - International Migration
    • I23 - Health, Education, and Welfare - - Education - - - Higher Education; Research Institutions
    • M13 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - New Firms; Startups

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