Brain drain and development traps

• 成果类型: Article
• 署名作者: Benassy, Jean-Pascal; Brezis, Elise S.
• 署名单位: Bar Ilan University
• 刊物名称: JOURNAL OF DEVELOPMENT ECONOMICS
• ISSN/ISSBN: 0304-3878
• DOI: 10.1016/j.jdeveco.2012.11.002
• 发表日期: 2013
• 页码: 15-22
• 关键词: Brain drain; Development traps; human capital; migration

摘要

This paper links the two fields of development traps and brain drain. We construct a model which integrates endogenous international migration into a simple growth model. As a result the dynamics of the economy can feature some underdevelopment traps: an economy starting with a low level of human capital can be caught in a vicious circle where low level of human capital leads to low wages, and low wages leads to emigration of valuable human capital. We also show that our model displays a rich array of different dynamic regimes, including the above traps, but other regimes as well, and we link explicitly the nature of the regimes to technology and policy parameters. (C) 2012 Elsevier B.V. All rights reserved.