Migration and dynamics : How a leakage of human capital lubricates the engine of economic growth
Research output: Journal Publications and Reviews (RGC: 21, 22, 62) › 21_Publication in refereed journal › peer-review
Author(s)
Related Research Unit(s)
Detail(s)
| Original language | English |
|---|---|
| Pages (from-to) | 26-37 |
| Journal / Publication | International Review of Economics and Finance |
| Volume | 28 |
| Online published | 14 May 2013 |
| Publication status | Published - Oct 2013 |
Link(s)
Abstract
This paper studies the growth dynamics of a developing country under migration. Assuming that human capital formation is subject to a strong enough, positive intertemporal externality, the prospect of migration will increase growth in the home country in the long run. If the external effect is less strong, there exists at least a level effect on the stock of human capital in the home country. In either case, the home country experiences a welfare gain, provided that migration is sufficiently restrictive. These results, obtained in a dynamic general equilibrium setting, extend and strengthen the results of Stark and Wang (2002) obtained in the context of a static model. © 2013.
Research Area(s)
- Intertemporal human capital externalities, Long-run growth effect of the prospect of migration, Overlapping-generations growth model, Social welfare gains
Citation Format(s)
Migration and dynamics : How a leakage of human capital lubricates the engine of economic growth. / Sorger, Gerhard; Stark, Oded; Wang, Yong.
In: International Review of Economics and Finance, Vol. 28, 10.2013, p. 26-37.Research output: Journal Publications and Reviews (RGC: 21, 22, 62) › 21_Publication in refereed journal › peer-review
