NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH
loading...

High-Skill Immigration, Innovation, and Creative Destruction

Gaurav Khanna, Munseob Lee

Chapter in NBER book The Roles of Immigrants and Foreign Students in US Science, Innovation, and Entrepreneurship (2020), Ina Ganguli, Shulamit Kahn, Megan MacGarvie, editors (p. 73 - 98)
Conference held April 27, 2018
Published in February 2020 by University of Chicago Press
© 2020 by the National Bureau of Economic Research

Economists have identified product entry and exit as a primary channel through which innovation impacts economic growth. In this paper, we document how high-skill immigration affects product reallocation (entry and exit) at the firm level. Using data on H-1B Labor Condition Applications (LCAs) matched to retail scanner data on products and Compustat data on firm characteristics, we find that H-1B certification is associated with higher product reallocation and revenue growth. A ten percent increase in the share of H-1B workers is associated with a two percent increase in product reallocation rates – our measure of innovation. These results shed light on the economic consequences of innovation by high-skill immigrant to the United States.

This chapter is no longer available for free download, since the book has been published. To obtain a copy, you must buy the book.
Order from Amazon.com

Machine-readable bibliographic record - MARC, RIS, BibTeX

This chapter first appeared as NBER working paper w24824, High-Skill Immigration, Innovation, and Creative Destruction, Gaurav Khanna, Munseob Lee
 
Publications
Activities
Meetings
NBER Videos
Themes
Data
People
About

National Bureau of Economic Research, 1050 Massachusetts Ave., Cambridge, MA 02138; 617-868-3900; email: info@nber.org

Contact Us