Heliyon (Jun 2021)
A gravity model analysis of international migration from BRIC to OECD countries using Poisson Pseudo-maximum likelihood Approach
Abstract
This article postulates an inclusive study on the international migration from Brazil, Russia, India and China (BRIC) countries to developed world (OECD Countries). This study used the data on BRIC during the period 2000–2013 to investigate the interaction between trade, foreign direct investment (both inward and outward) along with international migration in single framework. The results are obtained by using panel fixed effects and Poisson Pseudo-maximum likelihood (PPML) approach to cater heterogeneity issue. These results indicate that common official languages, trade and FDI significantly encourage international migration, indicating complementary relationship. The GDP of host nations is very important and encouraging factor for BRIC's migrants referring it as, most serious push factor of migration.