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On The Mechanics Of The Brain-Drain Reduction In Poorest Developing Countries

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  • DIANA LOUBAKI

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    (Universite Catholique de Louvain)

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    Abstract

    This article examines how endogenous human capital of the developed countries expressed by professors trained there and endogenous human capital of the developing countries expressed by their students, interact in the developing country's education sector to create higher quality goods. Private and public incentives to invest in human capital accumulation finance the employment of the skilled labor in the education sector, while non rival technology is a by-product of the education process. Both the optimal and the competitive equilibria define the efficient point able to lead the economy to the long-run growth. This point is also the locus where knowledge call policy as the required efficiency to reduce the brain drain phenomenon. Indeed, the model provides theoretical foundations of the relative lack of the high skilled labor in developing countries.

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    Bibliographic Info

    Article provided by Chung-Ang Unviersity, Department of Economics in its journal Journal Of Economic Development.

    Volume (Year): 37 (2012)
    Issue (Month): 3 (September)
    Pages: 75-106

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    Handle: RePEc:jed:journl:v:37:y:2012:i:3:p:75-106

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    Related research

    Keywords: : Absorption Cost; Abroad Trained Professor; Domestic Trained Professor; Private Education; Public Education;

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    16. Hung-Ju Chen, 2006. "International migration and economic growth: a source country perspective," Journal of Population Economics, Springer, vol. 19(4), pages 725-748, October.
    17. Svitlana Maksymenko & Mahbub Rabbani, 2011. "Economic Reforms, Human Capital, And Economic Growth In India And South Korea: A Cointegration Analysis," Journal of Economic Development, Chung-Ang Unviersity, Department of Economics, vol. 36(2), pages 39-59, June.
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