Big news for international students and immigrants from America

Economists have concluded that an increase in imports and exports is a significant benefit that countries receive from admitting immigrants and international students. New research from economists has shown that international students offer more economic incentives than previously thought.

According to analysts, international students benefit America in a number of ways. These benefits include providing a way for American students to experience other cultures without ever leaving their college campus. International students also subsidize the tuition that American students pay, encourage more to enter technology-related fields, and are an important source of talent for employers. Many international students also become entrepreneurs and build highly successful companies.

New research addresses a distinct benefit of international students – the way they expand businesses that help American workers and consumers. A study by Lena Susanne Speich at the UCD School of Economics found that “aggregate immigration has a significant positive effect on exports. A 10% increase in total immigrants is associated with a 2.6% increase in exports from the host country of origin.

Specht found that international students play an important role in increasing business, even though many students may only live in another country for a short period. To examine the connection, SPEECH looked at data from 34 host countries and 172 origin countries between 2000 and 2018 and found, “A one percentage point increase in the share of international students in total immigration is matched by an increase in exports to 1.6% .

Research by economist Marina Murat focused on Latin American students and found similar results. “The social ties between university students are strengthened and strengthened by friendship, mutual trust and attachment to the alma mater. Through information-diffusion and behavior-enforcement systems, they can promote economic exchange between countries.

Results by economist Marina Murat suggest that Latin American student networks exert strong, positive, and significant effects on bilateral imports and exports. OECD [Organization for Economic Co-operation and Development] A 10% increase in the number of Latin American students in the economy has led to a nearly 3% increase in bilateral trade.

Lena Susan Specht also found that international students are associated with increased business. Specht writes that “this is especially true for students in non-OECD countries where informational barriers may be most severe.” “This is reinforced by findings that indicate that students in these countries are most influenced by products where information and trust issues are key.”

Speich also noted that “data show that foreign student exchanges within OECD countries increase trade in easily tradable goods.” “Students from non-OECD countries tend to take up more complex trades. This is probably due to the job status the students are at the Bachelors level: for non-OECD students, the skill upgrade from studying in an OECD country can lead them to managerial positions with such decision-making influence.

Research adds to our knowledge of the benefits of international students. According to an analysis conducted by JB International for NSFSA, “International students will contribute USD 33.8 billion to the US economy and support 335,423 jobs during the 2021-2022 academic year.”

International students can work in the US for 12 months of Optional Practical Training (OPT) after graduation. OPT can be extended for up to 36 months for students in Science, Technology, Engineering and Maths (STEM) fields. Research on international students and business expansion indicates welcoming students from other countries to US campuses provides additional benefits to Americans.

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