期刊名称:Discussion Paper / Département des Sciences Économiques de l'Université Catholique de Louvain
印刷版ISSN:1379-244X
出版年度:2009
卷号:1
出版社:Université catholique de Louvain
摘要:The paper assesses the global effects of brain drain on developing economies
and quantifies the relative sizes of various static and dynamic impacts.
By constructing a unified generic framework characterized by overlappinggenerations
dynamics and calibrated to real data, this study incorporates
many direct impacts of brain drain whose interactions, along with other
indirect effects, are endogenously and dynamically generated. Our findings
suggest that the short-run impact of brain drain on resident human capital is
extremely crucial, as it does not only determine the number of skilled workers
available to domestic production, but it also affects the sending economy’s
capacity to innovate or to adopt modern technologies. The latter impact
plays an important role particularly in a globalized economy where capital
investments are made in places with higher production efficiencies ceteris
paribus. Hence, in spite of several empirically documented positive feedback
effects, those countries with high skilled emigration rates are the most candid
victims to brain drain since they are least likely to benefit from the “brain
gain” effect, and thus suffering from declines of their resident human capital.
关键词:Brain Drain, Capital Flow, Development, Human Capital,
Remittances