2024
DOI: 10.1057/s41267-024-00737-z
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Restrictive immigration policies and MNE innovation

Deepak Nayak,
Solon Moreira,
Ram Mudambi

Abstract: High-skill migrant workers significantly contribute to advanced economies by directly generating knowledge-intensive assets and serving as bridges to knowledge in their origin countries. However, rising populist sentiment has led to increased immigration restrictions in wealthy economies like the U.S. and the Europe Union. This study examines the impact of the 2004 H-1B visa cap reduction on U.S.-based multinational enterprises (MNEs). We use a sample of 371,856 patents assigned to 707 U.S.-based MNEs. We find… Show more

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