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Factors for highly skilled professionals to immigrate into Russia

Vol. 12, Iss. 11, NOVEMBER 2016

PDF  Article PDF Version

Received: 7 July 2016

Received in revised form: 14 August 2016

Accepted: 30 August 2016

Available online: 29 November 2016

Subject Heading: SUSTAINABLE DEVELOPMENT OF ECONOMY

JEL Classification: C15, C51

Pages: 27-38

Bazhenov O.V. Ural Federal University named after the First President of Russia B.N. Yeltsin, Yekaterinburg, Russian Federation
6819@list.ru

Ustyuzhanina N.E. Ural Federal University named after the First President of Russia B.N. Yeltsin, Yekaterinburg, Russian Federation
ustyunatalya1995@yandex.ru

Importance As global practices show, the influx of lowly qualified immigrants has no benefits in terms of tactics, being strategically unprofitable, since it makes the consumer market shrink, thus obstructing the creation and sale of goods in the country. In its turn, immigration of high professionals ensures a growth in socio-economic welfare in the long run.
Objectives The research identifies and evaluates factors for immigration of high qualification workforce.
Methods The research involves methods of comparative analysis and generalization of the available information, and presents a content analysis of messages and analytical materials – leading foreign and Russian editions have released for the recent decades on migration issues. Having analyzed statistical data of countries where highly qualified workforce arrives most of all, we built an econometric model to evaluate the effect of the factors on the number of immigrants, using the least-squares method.
Results Relying upon the existing economic theories of migration, we found groups of factors that influenced the immigration of highly skilled professionals, i.e. those of economic, social and political, environmental and climatic, information, infrastructure nature, etc. Having performed a statistical analysis of countries where most of highly qualified immigrants tend to, we set up an econometric model that included the effect of the factors on the immigration of high professionals.
Conclusions and Relevance We conclude on the effect of key socio-economic factors, i.e. withholding tax rate, rate of social security charges, the amount of pay, unemployment rate, investment in professional immigration infrastructure. The findings can be used by legislative and executive authorities to formulate immigration policies of the Russian Federation and subsequently attract highly qualified workforce.

Keywords: immigration, migration policy, highly skilled professional, econometric model, factor analysis

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