Arbeitspapier
Brain drain in globalization: a general equilibrium analysis from the sending countries' perspective
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 overlapping-generations 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.
- Language
-
Englisch
- Bibliographic citation
-
Series: IZA Discussion Papers ; No. 4207
- Classification
-
Wirtschaft
International Migration
Human Capital; Skills; Occupational Choice; Labor Productivity
Economic Development: Human Resources; Human Development; Income Distribution; Migration
- Subject
-
Brain drain
capital flow
development
human capital
remittances
Brain Drain
Humankapital
Brain Drain
Entwicklung
Allgemeines Gleichgewicht
Kapitalmobilität
Rücküberweisung (Migranten)
Theorie
Entwicklungsländer
- Event
-
Geistige Schöpfung
- (who)
-
Marchiori, Luca
Shen, I-ling
Docquier, Frédéric
- Event
-
Veröffentlichung
- (who)
-
Institute for the Study of Labor (IZA)
- (where)
-
Bonn
- (when)
-
2009
- Handle
- URN
-
urn:nbn:de:101:1-2009061926
- Last update
-
10.03.2025, 11:42 AM CET
Data provider
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Marchiori, Luca
- Shen, I-ling
- Docquier, Frédéric
- Institute for the Study of Labor (IZA)
Time of origin
- 2009
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