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Erscheinungsjahr: 
2011
Schriftenreihe/Nr.: 
Working Paper No. 2012-03
Verlag: 
Bar-Ilan University, Department of Economics, Ramat-Gan
Zusammenfassung: 
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.
Schlagwörter: 
brain drain
development traps
human capital
migration
JEL: 
F22
J61
O11
O15
Dokumentart: 
Working Paper

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