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A Panel Data Analysis of the Brain Gain

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  • Michel, BEINE
  • Cecily, DEFOORT

    (UNIVERSITE CATHOLIQUE DE LOUVAIN, Department of Economics)

  • Frédéric, DOCQUIER

    (UNIVERSITE CATHOLIQUE DE LOUVAIN, Department of Economics)

Abstract

This paper casts the Belgian Great Depression of the 1930s within a dynamic stochastic general equilibrium (DSGE) framework. Results show that a total factor productivity shock within a standard real business cycle model is unsatisfactory. Introducing war expectations in the baseline model produces little improvement. Given the evidence on sticky wages put forward by historians, it shows that a simple DGSE model with sticky wages à la Taylor improves on the result.

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Paper provided by Université catholique de Louvain, Département des Sciences Economiques in its series Discussion Papers (ECON - Département des Sciences Economiques) with number 2007024.

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Length: 36
Date of creation: 01 Aug 2007
Date of revision:
Handle: RePEc:ctl:louvec:2007024

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Keywords: human capital; convergence; brain drain;

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Citations

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Cited by:
  1. Christian Dustmann & Albrecht Glitz, 2011. "Migration and Education," CReAM Discussion Paper Series 1105, Centre for Research and Analysis of Migration (CReAM), Department of Economics, University College London.
  2. Batista, Catia & Lacuesta, Aitor & Vicente, Pedro C., 2010. "Testing the 'Brain Gain' Hypothesis: Micro Evidence from Cape Verde," IZA Discussion Papers 5048, Institute for the Study of Labor (IZA).
  3. Di Maria, Corrado & Lazarova, Emiliya A., 2012. "Migration, Human Capital Formation, and Growth: An Empirical Investigation," World Development, Elsevier, vol. 40(5), pages 938-955.
  4. Claire Naiditch & Radu Vranceanu, 2013. "A two-country model of high skill migration with public education," Post-Print hal-00779716, HAL.
  5. Aniruddha Mitra & James Bang & Phanindra Wunnava, 2014. "Financial liberalization and the selection of emigrants: a cross-national analysis," Empirical Economics, Springer, vol. 47(1), pages 199-226, August.
  6. Catia Batista & Aitor Lacuesta & Pedro Vicente, 2009. "Micro evidence of the brain gain hypothesis: The case of Cape Verde," Banco de Espa�a Working Papers 0902, Banco de Espa�a.
  7. Ruxanda Berlinschi & Jeroen Schokkaert & Johan F.M. Swinnen, 2010. "When Drains and Gains Coincide: Migration and International Football Performance," LICOS Discussion Papers 26510, LICOS - Centre for Institutions and Economic Performance, KU Leuven.
  8. Driouchi, Ahmed & Kadiri, Molk, 2010. "Emigration of Skilled Labor under Risk Aversion: The Case of Medical Doctors from Middle Eastern and North African Economies," MPRA Paper 22810, University Library of Munich, Germany, revised 20 May 2010.
  9. Michael Clemens, 2014. "A Case against Taxes and Quotas on High-Skill Emigration - Working Paper 363," Working Papers 363, Center for Global Development.
  10. Driouchi, Ahmed & Zouag, Nada, 2010. "Internal Mobility and Likelihood of Skill Losses in Localities of Emigration: Theory and Preliminary Empirical Application to Some Developing Economies," MPRA Paper 21799, University Library of Munich, Germany, revised 01 Apr 2010.
  11. Mitra, Aniruddha & Bang, James T. & Wunnava, Phanindra V., 2011. "Financial Liberalization and the Brain Drain: A Panel Data Analysis," IZA Discussion Papers 5953, Institute for the Study of Labor (IZA).

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