Interrelationship between Migration, Employment and Economic Growth in the United States: A Dynamic Analysis from 1990 to 2022
The study aims to explore the intricate relationships between migration flows, employment dynamics, and economic growth in the United States from 1990 to 2022. Specifically, it assesses the impact of refugee admissions and legal permanent residents on GDP and GDP per capita in both the short and lon...
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| Format: | Article |
| Language: | English |
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Institute of Economics under the Science Committee of Ministry of Education and Science RK
2024-10-01
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| Series: | Экономика: стратегия и практика |
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| Online Access: | https://esp.ieconom.kz/jour/article/view/1397 |
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| author | O. M. Rajkhan |
| author_facet | O. M. Rajkhan |
| author_sort | O. M. Rajkhan |
| collection | DOAJ |
| description | The study aims to explore the intricate relationships between migration flows, employment dynamics, and economic growth in the United States from 1990 to 2022. Specifically, it assesses the impact of refugee admissions and legal permanent residents on GDP and GDP per capita in both the short and long term. A comprehensive econometric approach was employed, including correlation analysis, regression modeling, and dynamic trend evaluation. The study tested three hypotheses concerning the effects of employment growth on GDP, the distinct impacts of different migration flows, and the influence of these factors on employment rates. The study utilizes data from Statista for employment and migration figures, and GDP data from the World Bank. The analysis revealed a significant negative correlation between employment rates and GDP (r = - 0.701, p < 0.001) and GDP per capita (r = - 0.686, p < 0.001), indicating that declining employment rates are associated with increased economic output. Employment growth, counterintuitively, correlates negatively with GDP, suggesting that other factors such as productivity and technological advancements offset labor market contractions. Key results highlight the differentiated economic contributions of various migrant categories and their implications for policy. The findings underscore the complex and multifaceted nature of migration’s impact on the U.S. economy. While migration generally contributes positively in the long term, short-term challenges, particularly from refugee admissions, can strain economic resources. The study highlights the need for tailored economic and integration policies to maximize the benefits of migration while mitigating its challenges. |
| format | Article |
| id | doaj-art-d6e620a02b634afd8017d42b5448abd1 |
| institution | Kabale University |
| issn | 1997-9967 2663-550X |
| language | English |
| publishDate | 2024-10-01 |
| publisher | Institute of Economics under the Science Committee of Ministry of Education and Science RK |
| record_format | Article |
| series | Экономика: стратегия и практика |
| spelling | doaj-art-d6e620a02b634afd8017d42b5448abd12025-08-20T03:59:12ZengInstitute of Economics under the Science Committee of Ministry of Education and Science RKЭкономика: стратегия и практика1997-99672663-550X2024-10-0119310311610.51176/1997-9967-2024-3-103-116496Interrelationship between Migration, Employment and Economic Growth in the United States: A Dynamic Analysis from 1990 to 2022O. M. Rajkhan0American University of Sovereign NationsThe study aims to explore the intricate relationships between migration flows, employment dynamics, and economic growth in the United States from 1990 to 2022. Specifically, it assesses the impact of refugee admissions and legal permanent residents on GDP and GDP per capita in both the short and long term. A comprehensive econometric approach was employed, including correlation analysis, regression modeling, and dynamic trend evaluation. The study tested three hypotheses concerning the effects of employment growth on GDP, the distinct impacts of different migration flows, and the influence of these factors on employment rates. The study utilizes data from Statista for employment and migration figures, and GDP data from the World Bank. The analysis revealed a significant negative correlation between employment rates and GDP (r = - 0.701, p < 0.001) and GDP per capita (r = - 0.686, p < 0.001), indicating that declining employment rates are associated with increased economic output. Employment growth, counterintuitively, correlates negatively with GDP, suggesting that other factors such as productivity and technological advancements offset labor market contractions. Key results highlight the differentiated economic contributions of various migrant categories and their implications for policy. The findings underscore the complex and multifaceted nature of migration’s impact on the U.S. economy. While migration generally contributes positively in the long term, short-term challenges, particularly from refugee admissions, can strain economic resources. The study highlights the need for tailored economic and integration policies to maximize the benefits of migration while mitigating its challenges.https://esp.ieconom.kz/jour/article/view/1397economic growtheconometric modelingmigration flowsemployment ratesrefugee integrationlegal permanent residentslabor market |
| spellingShingle | O. M. Rajkhan Interrelationship between Migration, Employment and Economic Growth in the United States: A Dynamic Analysis from 1990 to 2022 Экономика: стратегия и практика economic growth econometric modeling migration flows employment rates refugee integration legal permanent residents labor market |
| title | Interrelationship between Migration, Employment and Economic Growth in the United States: A Dynamic Analysis from 1990 to 2022 |
| title_full | Interrelationship between Migration, Employment and Economic Growth in the United States: A Dynamic Analysis from 1990 to 2022 |
| title_fullStr | Interrelationship between Migration, Employment and Economic Growth in the United States: A Dynamic Analysis from 1990 to 2022 |
| title_full_unstemmed | Interrelationship between Migration, Employment and Economic Growth in the United States: A Dynamic Analysis from 1990 to 2022 |
| title_short | Interrelationship between Migration, Employment and Economic Growth in the United States: A Dynamic Analysis from 1990 to 2022 |
| title_sort | interrelationship between migration employment and economic growth in the united states a dynamic analysis from 1990 to 2022 |
| topic | economic growth econometric modeling migration flows employment rates refugee integration legal permanent residents labor market |
| url | https://esp.ieconom.kz/jour/article/view/1397 |
| work_keys_str_mv | AT omrajkhan interrelationshipbetweenmigrationemploymentandeconomicgrowthintheunitedstatesadynamicanalysisfrom1990to2022 |