TY - JOUR
T1 - Brain drain and development traps
AU - Bénassy, Jean Pascal
AU - Brezis, Elise S.
N1 - Copyright:
Copyright 2013 Elsevier B.V., All rights reserved.
PY - 2013/5
Y1 - 2013/5
N2 - 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.
AB - 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.
KW - Brain drain
KW - Development traps
KW - Human capital
KW - Migration
UR - http://www.scopus.com/inward/record.url?scp=84877604947&partnerID=8YFLogxK
U2 - 10.1016/j.jdeveco.2012.11.002
DO - 10.1016/j.jdeveco.2012.11.002
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AN - SCOPUS:84877604947
SN - 0304-3878
VL - 102
SP - 15
EP - 22
JO - Journal of Development Economics
JF - Journal of Development Economics
ER -