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`Brain drain' without migration: Capital market integration and capital-skill complementarities

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Listed:
  • Yasuhiro Sato

    (Graduate School of Environmental Studies, Nagoya University)

  • Kristian Behrens

    (CORE, Universite Catholique de Louvain)

Abstract

We analyze the impacts of capital market integration on the skill composition of labor, using a framework in which heterogeneous agents decide to invest in the acquisition of skills and where production exhibits increasing returns in the available skill range (i.e., capital-skill complementarity).

Suggested Citation

  • Yasuhiro Sato & Kristian Behrens, 2006. "`Brain drain' without migration: Capital market integration and capital-skill complementarities," Economics Bulletin, AccessEcon, vol. 18(2), pages 1-9.
    • Handle: RePEc:ebl:ecbull:eb-06r10001
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    References listed on IDEAS

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    More about this item

    JEL classification:

    • R1 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics
    • F2 - International Economics - - International Factor Movements and International Business

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