Migration and dynamics: How a leakage of human capital lubricates the engine of economic growth
AbstractThis paper studies the growth dynamics of a developing country under migration. Assuming that human capital formation is subject to a strong enough, positive intertemporal externality, the prospect of migration will increase growth in the home country in the long run. If the external effect is less strong, there exists at least a level effect on the stock of human capital in the home country. In either case, the home country experiences a welfare gain, provided that migration is sufficiently restrictive. These results, obtained in a dynamic general equilibrium setting, extend and strengthen the results of Stark and Wang (2002) obtained in the context of a static model. --
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Bibliographic InfoPaper provided by University of Tuebingen, Faculty of Economics and Social Sciences in its series University of Tuebingen Working Papers in Economics and Finance with number 58.
Date of creation: 2013
Date of revision:
Overlapping-generations growth model; Intertemporal human capital externalities; Long-run growth effect of the prospect of migration;
Other versions of this item:
- Sorger, Gerhard & Stark, Oded & Wang, Yong, 2013. "Migration and dynamics: How a leakage of human capital lubricates the engine of economic growth," International Review of Economics & Finance, Elsevier, vol. 28(C), pages 26-37.
- Sorger, Gerhard & Stark, Oded & Wang, Yong, 2013. "Migration and Dynamics: How a Leakage of Human Capital Lubricates the Engine of Economic Growth," Discussion Papers 155027, University of Bonn, Center for Development Research (ZEF).
- F22 - International Economics - - International Factor Movements and International Business - - - International Migration
- I30 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - General
- J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity
- J61 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - Geographic Labor Mobility; Immigrant Workers
- O15 - Economic Development, Technological Change, and Growth - - Economic Development - - - Economic Development: Human Resources; Human Development; Income Distribution; Migration
- O40 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General
This paper has been announced in the following NEP Reports:
- NEP-ALL-2013-07-28 (All new papers)
- NEP-DEV-2013-07-28 (Development)
- NEP-DGE-2013-07-28 (Dynamic General Equilibrium)
- NEP-FDG-2013-07-28 (Financial Development & Growth)
- NEP-HRM-2013-07-28 (Human Capital & Human Resource Management)
- NEP-MIG-2013-07-28 (Economics of Human Migration)
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
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Departmental Working Papers
_096, Chinese University of Hong Kong, Department of Economics.
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100, Institute for Advanced Studies.
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