Impact of labor migration on the technological development of EAEU countries

The formation of a single labor market in the EAEU creates new opportunities and risks for national economies: the free movement of labor resources within the integration association affects not only the level of wages or employment, but also leads to more complex, complex consequences for donor and recipient countries. Using correlation analysis, the paper verifies the hypothesis that the reverse spillover effect associated with the return of migrant workers to their home countries contributes not only to the growth of value added in labor donor countries, but also stimulates demand for new technologies and services, which ultimately leads to an increase in the level of technological development of EAEU countries. As a result of the analysis, it was found that there is no statistically significant relationship between the variables under study – labor migration does not have a significant impact on the level of technological development of the EAEU countries. The results of the study can be used to develop a strategy of technological development of the EAEU countries, taking into account the parameters of external labor migration.

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Publication Details

Journal
Theoretical economics
Published
2024-09-30
DOI
https://doi.org/10.52957/2221-3260-2024-8-99-105
Primary Topic
Regional Socio-Economic Development Trends
Type
article
Field-Weighted Citation Impact
0.00
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article

Impact of labor migration on the technological development of EAEU countries

Sergei Vladimirovich Shkiotov, Maksim Markin
Theoretical economics
Regional Socio-Economic Development Trends
article

Impact of labor migration on the technological development of EAEU countries

Sergei Vladimirovich Shkiotov, Maksim Markin
article en

Abstract

The formation of a single labor market in the EAEU creates new opportunities and risks for national economies: the free movement of labor resources within the integration association affects not only the level of wages or employment, but also leads to more complex, complex consequences for donor and recipient countries. Using correlation analysis, the paper verifies the hypothesis that the reverse spillover effect associated with the return of migrant workers to their home countries contributes not only to the growth of value added in labor donor countries, but also stimulates demand for new technologies and services, which ultimately leads to an increase in the level of technological development of EAEU countries. As a result of the analysis, it was found that there is no statistically significant relationship between the variables under study – labor migration does not have a significant impact on the level of technological development of the EAEU countries. The results of the study can be used to develop a strategy of technological development of the EAEU countries, taking into account the parameters of external labor migration.

Theoretical economicsVol. 0(8)
Yaroslavl State Technical University (RU)
Openalex Percentile: Top 69%
Regional Socio-Economic Development Trends
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