Entrepreneurial Migration in an Integrated World
用一个包含异质性个体和金融摩擦的两部门国际贸易模型，说明即使资本通过借贷和外国直接投资跨国流动，创业移民也能提升国际生产效率。
Abstract A growing number of developed countries offer entrepreneurial visas as a means of attracting entrepreneurial talent and capital. In this paper, we use a simple two‐sector model of international trade with heterogeneous agents and financial frictions to show that entrepreneurial migration can contribute to the international efficiency of production, even when capital also flows internationally through borrowing and lending and foreign direct investment. In our model, all cross‐border transactions are motivated by cross‐country variations in the quality of financial institutions.