Journal of Development Economics, vol. 102, Elsevier, 2013 May, pp. 15-22
Professor of Economics
Head, Forum Macro of Israel
Bar-Ilan University, Israel
Bénassy, J.-P., & Brezis, E. S. (2013). Brain drain and development traps. Journal of Development Economics, 102, 15–22.
Bénassy, Jean-Pascal, and Elise S. Brezis. “Brain Drain and Development Traps.” Journal of Development Economics 102 (May 2013): 15–22.
Bénassy, Jean-Pascal, and Elise S. Brezis. “Brain Drain and Development Traps.” Journal of Development Economics, vol. 102, Elsevier, May 2013, pp. 15–22.
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