Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/96017
Authors: 
Bénassy, Jean-Pascal
Brézis, Elise S.
Year of Publication: 
2011
Series/Report no.: 
Working Papers, Bar-Ilan University, Department of Economics 2012-03
Abstract: 
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.
Subjects: 
brain drain
development traps
human capital
migration
JEL: 
F22
J61
O11
O15
Document Type: 
Working Paper

Files in This Item:
File
Size
163.14 kB





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.