Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/84807
Authors: 
Sorger, Gerhard
Stark, Oded
Wang, Yong
Year of Publication: 
2013
Series/Report no.: 
ZEF Discussion Papers on development Policy 181
Abstract: 
This paper studies the growth dynamics of a developing country under migration. Assuming that human capital formation is subject to a strong enough, positive intertemporal externality, the prospect of migration will increase growth in the home country in the long run. If the external effect is less strong, there exists at least a level effect on the stock of human capital in the home country. In either case, the home country experiences a welfare gain, provided that migration is sufficiently restrictive. These results, obtained in a dynamic general equilibrium setting, extend and strengthen the results of Stark and Wang (2002) obtained in the context of a static model.
Subjects: 
Overlapping-generations growth model
Intertemporal human capital externalities
Long-run growth effect of the prospect of migration
Social welfare gains
JEL: 
F22
I30
J24
J61
O15
O40
Document Type: 
Working Paper

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