Recent research suggests that the welfare gains that would result from removing restrictions on international migration are large. The long-run impact of a higher level of international migration on the global economy is potentially even larger if it triggers an increase in the global growth...

This paper incorporates endogenous migration into a second-generation Schumpeterian growth model to study how migration, innovation, and growth interact with one another. The paper finds that migration always enhances the rates of innovation and growth of the receiving economy, but implementing...