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

  • DIANA LOUBAKI

    ()

    (Universite Catholique de Louvain)

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    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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    File URL: http://www.jed.or.kr/full-text/37-3/4.pdf
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    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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    15. Chari, V V & Hopenhayn, Hugo, 1991. "Vintage Human Capital, Growth, and the Diffusion of New Technology," Journal of Political Economy, University of Chicago Press, vol. 99(6), pages 1142-65, December.
    16. William Easterly, 2008. "Can the West Save Africa?," NBER Working Papers 14363, National Bureau of Economic Research, Inc.
    17. Raouf Boucekkine & Blanca Martinez & Cagri Saglam, 2010. "Capital Maintenance As A Key Development Tool," Scottish Journal of Political Economy, Scottish Economic Society, vol. 57(5), pages 547-567, November.
    18. Eicher, Theo S, 1996. "Interaction between Endogenous Human Capital and Technological Change," Review of Economic Studies, Wiley Blackwell, vol. 63(1), pages 127-44, January.
    19. Haitham Issa, 2005. "Human Capital Demographic Transition And Economic Growth," Journal of Economic Development, Chung-Ang Unviersity, Department of Economics, vol. 30(2), pages 49-65, December.
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