Reference : Brain Drain and Factor Complementarity
Scientific journals : Article
Business & economic sciences : Quantitative methods in economics & management
http://hdl.handle.net/10993/5154
Brain Drain and Factor Complementarity
English
Pieretti, Patrice mailto [University of Luxembourg > Faculty of Law, Economics and Finance (FDEF) > Center for Research in Economic Analysis (CREA) >]
Zou, Benteng mailto [University of Luxembourg > Faculty of Law, Economics and Finance (FDEF) > Center for Research in Economic Analysis (CREA) >]
2009
Economic Modelling
Elsevier Science
26
2
285-548
Yes (verified by ORBilu)
International
0264-9993
[en] Brain drain ; growth ; complementarity ; migration
[en] In this paper we develop an extended Solow growth model with emigration
which aggregates different types of labor skills from strict complementarity to
perfect substitution. The derivation of balanced growth paths shows that the most
relevant cases for studying the impact of emigration are those where these paths can
only be attained asymptotically. This requires and justifies the need for using transitional
dynamics. We therefore derive a complete characterization of the transitional
dynamics of output and wages in the sending country for all possible values taken
by the elasticity of substitution between skilled and unskilled workers. The model
then serves to qualitatively study the effect of brain drain on per capita income and
wages of the sending country.
Researchers
http://hdl.handle.net/10993/5154
10.1016/j.econmod.2008.08.002

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