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- handle: 10670/1.aem8qh
- halshs: halshs-01118567
- doi: 10.1016/j.jdeveco.2012.11.002
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info:eu-repo/semantics/altIdentifier/doi/10.1016/j.jdeveco.2012.11.002
Mots-clés
Brain drain Development traps Human capital Migration F - International Economics/F.F2 - International Factor Movements and International Business/F.F2.F22 - International Migration J - Labor and Demographic Economics/J.J6 - Mobility, Unemployment, Vacancies, and Immigrant Workers/J.J6.J61 - Geographic Labor Mobility • Immigrant Workers O - Economic Development, Innovation, Technological Change, and Growth/O.O1 - Economic Development/O.O1.O11 - Macroeconomic Analyses of Economic Development O - Economic Development, Innovation, Technological Change, and Growth/O.O1 - Economic Development/O.O1.O15 - Human Resources • Human Development • Income Distribution • MigrationSujets proches
Human assets Human beings--Economic value Human resourcesCiter ce document
Jean-Pascal Bénassy et al., « Brain drain and development traps », HAL-SHS : économie et finance, ID : 10.1016/j.jdeveco.2012.11.002
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Résumé
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.