Cross-border Human Capital Outflows,Domestic Macroeconomic Policy and Technological Innovation—An Empirical Evidence from Developing Countries
Based on the cross-border panel data of 62 developing countries from2000 to 2017,this paper studies the relationship among the cross-border human capital outflows,domestic macroeconomic policy and technological innovation in developing countries.The paper found that the cross-border human capital outflows in developing countries inhibited the improvement of their domestic technological innovation,and the increase in domestic in developing countries can effectively alleviate this negative impact,and may even make the cross-border human cap-ital outflows having a net positive effect to domestic technological innovation in developing coun-tries.The improvement of domestic macroeconomic policy in developing countries can restrain the human capital cross-border outflows.At the same time,the improvement of domestic macro-economic policy is conducive to increasing the income of technological innovation and promoting the realization of the reverse technology spillover effect of cross-border labor outflows.The analy-sis of heterogeneity shows that the impact of cross-border human capital outflows and the im-provement of macroeconomic policy on the domestic technological innovation in the developing countries is different due to the different destination countries of the human capital outflows,the innovation ability of the outflow labor,and the intensity of the domestic macroeconomic policy in the developing countries,different periods before and after the financial crisis and different technical fields,and at the same time,the impact of different dimensions of macroeconomic policy on the effect of technological innovation in the developing countries is also different.The conclusion has an important insights on the formulation of talent policies and technological inno-vation policies in China and other developing countries.
human capital macroeconomic policytechnological innovationdeveloping coun-tries
万方数据
