The Impact of External Academic Migration on the Regional Economy

The article discusses the analysis of the effects of external academic mobility on the regional economy. Currently, there is an increase in the volume of external migration. Attracting foreign citizens to study at universities of the Russian Federation is one of the important tasks of the development of the country’s regions. Academic migration contributes to an increase in financial revenues to the state education system and to regional budgets of the country due to income from paid educational services; foreign students spend money on housing, transportation, food, etc. Also, external educational migration can be considered as a valuable intellectual resource for Russia. The methodology of this study is based on a statistical approach that allows the use of official statistics available for public use. The study used methods of comparative analysis and descriptive statistics, as well as data mining methods, including analysis of key influencing factors. In conclusion, it is determined that an increase in the number of foreign students in Russian universities is a positive factor both for the country’s economy and for its prestige abroad.