Journal article
Jean-Pascal Bénassy, Elise S. Brezis
Journal of Development Economics, vol. 102, Elsevier, 2013 May, pp. 15-22
Journal of Development Economics, vol. 102, Elsevier, 2013 May, pp. 15-22
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APA
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Bénassy, J.-P., & Brezis, E. S. (2013). Brain drain and development traps. Journal of Development Economics, 102, 15–22.
Chicago/Turabian
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Bénassy, Jean-Pascal, and Elise S. Brezis. “Brain Drain and Development Traps.” Journal of Development Economics 102 (May 2013): 15–22.
MLA
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Bénassy, Jean-Pascal, and Elise S. Brezis. “Brain Drain and Development Traps.” Journal of Development Economics, vol. 102, Elsevier, May 2013, pp. 15–22.
BibTeX Click to copy
@article{b2013a,
title = {Brain drain and development traps},
year = {2013},
month = may,
institution = {},
issue = {},
journal = {Journal of Development Economics},
pages = {15-22},
publisher = {Elsevier},
volume = {102},
author = {Bénassy, Jean-Pascal and Brezis, Elise S.},
month_numeric = {5}
}
Abstract
This paper links the two fields of “development traps” and “brain drain”. We construct a model which integrates endogenous international migration into a simple growth model. As a result the dynamics of the economy can feature some underdevelopment traps: an economy starting with a low level of human capital can be caught in a vicious circle where low level of human capital leads to low wages, and low wages leads to emigration of valuable human capital. We also show that our model displays a rich array of different dynamic regimes, including the above traps, but other regimes as well, and we link explicitly the nature of the regimes to technology and policy parameters.
Keywords: brain drain, development traps, human capital, migration
