Do foreign students in US master’s programs crowd out American entrepreneurs or empower them? Although international students are three to four times more likely to found startups than their American classmates, their presence produces a clear positive spillover: for every 10% increase in foreign students, the program creates one extra startup—half by foreigners and half by Americans. Through co-founding partnerships and exposure to global ideas, they expand the range of opportunities and enhance American students’ tendency to innovate and launch successful ventures.

ABOUT THE SPEAKERS:

Giovanni Peri is the C. Bryan Cameron Distinguished Professor in International Economics at the University of California, Davis and a Research Associate of the National Bureau of Economic Research in Cambridge, Massachusetts.  He is the Founder and the Director of the UC Davis Global Migration Center an interdisciplinary research center focusing on international migrations and migration policies. He was Co-Editor of the “Journal of the European Economic Association” between January 2019 and December 2023, and in the Editorial Board of several Academic Journals in Economics.

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