Migration and Dynamics: How a Leakage of Human Capital Lubricates the Engine of Economic Growth

DSpace Repository

Migration and Dynamics: How a Leakage of Human Capital Lubricates the Engine of Economic Growth

Sorger, Gerhard; Stark, Oded; Wang, Yong
Dateien:
Thumbnail
248. KB
PDF
URI: http://nbn-resolving.de/urn:nbn:de:bsz:21-opus-69236
http://hdl.handle.net/10900/48015
http://nbn-resolving.org/urn:nbn:de:bsz:21-dspace-480153
http://nbn-resolving.org/urn:nbn:de:bsz:21-dspace-480156
Dokumentart: WorkingPaper
Date: 2013
Source: University of Tübingen Working Papers in Economics and Finance ; 58
Language: English
Faculty: 6 Wirtschafts- und Sozialwissenschaftliche Fakultät
Department: Wirtschaftswissenschaften
DDC Classifikation: 330 - Economics
Keywords: Migration
Other Keywords:
Overlapping-generations growth model , Intertemporal human capital externalities , Long-run growth effect of the prospect of migration
License: http://tobias-lib.uni-tuebingen.de/doku/lic_ohne_pod.php?la=de http://tobias-lib.uni-tuebingen.de/doku/lic_ohne_pod.php?la=en
Show full item record

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.

This item appears in the following Collection(s)