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The New Economics of the Brain Drain

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  • Oded Stark

Abstract

For nearly four decades now, the conventional wisdom has been that the migration of human capital (skilled workers) from a developing country to a developed country is detrimental to the developing country. However, this perception need not hold. A well-designed migration policy can result in a “brain gain†to the developing country rather than in just a “brain drain†from it, as well as in a welfare increase for all of its workers—migrants and non-migrants alike—as the new research reported here suggests.

Suggested Citation

  • Oded Stark, 2005. "The New Economics of the Brain Drain," World Economics, World Economics, 1 Ivory Square, Plantation Wharf, London, United Kingdom, SW11 3UE, vol. 6(2), pages 137-140, April.
  • Handle: RePEc:wej:wldecn:210
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    Cited by:

    1. repec:bla:ecinqu:v:55:y:2017:i:3:p:1308-1323 is not listed on IDEAS
    2. Pedro Albarrán & Raquel Carrasco & Javier Ruiz-Castillo, 2017. "Are Migrants More Productive Than Stayers? Some Evidence From A Set Of Highly Productive Academic Economists," Economic Inquiry, Western Economic Association International, vol. 55(3), pages 1308-1323, July.
    3. Driouchi, Ahmed, 2014. "Economics of Migration of Students from the Arab Region to OECD countries," MPRA Paper 58830, University Library of Munich, Germany.
    4. Clemens, Michael A., 2009. "Skill Flow: A Fundamental Reconsideration of Skilled-Worker Mobility and Development," MPRA Paper 19186, University Library of Munich, Germany.
    5. Fargues, Philippe, 2006. "The demographic benefit of international migration : hypothesis and application to the Middle Eastern and North African contexts," Policy Research Working Paper Series 4050, The World Bank.
    6. C. Simon Fan & Oded Stark, 2007. "The brain drain, 'educated unemployment', human capital formation, and economic betterment," The Economics of Transition, The European Bank for Reconstruction and Development, vol. 15, pages 629-660, October.
    7. Driouchi, Ahmed & Boboc, Cristina & Zouag, Nada, 2009. "Emigration of Highly Skilled Labor: Determinants & Impacts," MPRA Paper 21567, University Library of Munich, Germany, revised 23 Mar 2010.
    8. Stark, Oded & Dorn, Agnieszka, 2013. "International migration, human capital formation, and saving," Economics Letters, Elsevier, vol. 118(3), pages 411-414.
    9. Faini, Riccardo, 2006. "Remittances and the Brain Drain," IZA Discussion Papers 2155, Institute for the Study of Labor (IZA).
    10. Thomas Straubhaar & Achim Wolter, 1996. "Current issues in European migration," Intereconomics: Review of European Economic Policy, Springer;German National Library of Economics;Centre for European Policy Studies (CEPS), vol. 31(6), pages 267-276, November.
    11. J. Edward Taylor, 2006. "The relationship between international migration, trade, and development: some paradoxes and findings," Proceedings, Federal Reserve Bank of Dallas, pages 199-212.
    12. Stark, Oded, 2010. "Policy Repercussions of "The New Economics of the Brain Drain"," Discussion Papers 98003, University of Bonn, Center for Development Research (ZEF).
    13. Satish Chand & Michael A. Clemens, 2008. "Skilled emigration and skill creation: A quasi-experiment," International and Development Economics Working Papers idec08-05, International and Development Economics.
    14. Zhang, Yi & Matz, Julia Anna, 2017. "On the train to brain gain in rural China," Discussion Papers 252443, University of Bonn, Center for Development Research (ZEF).
    15. Monteleone, Simona & Torrisi, Benedetto, 2010. "A Micro Data Analisys Of Italy’s Brain Drain," MPRA Paper 20995, University Library of Munich, Germany.
    16. Javier Arias & Oliver Azuara & Pedro Bernal & James J. Heckman & Cajeme Villarreal, 2010. "Policies To Promote Growth and Economic Efficiency in Mexico," NBER Working Papers 16554, National Bureau of Economic Research, Inc.
    17. Simona Monteleone & Benedetto Torrisi, 2010. "A micro data analysis of Italy’s brain drain," Discussion Papers 4_2010, D.E.S. (Department of Economic Studies), University of Naples "Parthenope", Italy.
    18. Jan-Jan Soon, 2009. "When do students intend to return? Determinants of students' return intentions using a multinomial logit model," Working Papers 0906, University of Otago, Department of Economics, revised Jun 2009.
    19. Christian Reiner, 2010. "Brain competition policy as a new paradigm of regional policy: A European perspective," Papers in Regional Science, Wiley Blackwell, vol. 89(2), pages 449-461, June.
    20. Bertoli Simone, 2006. "Remittances and the Dynamics of Human Capitalin the Recipient Country," Department of Economics and Statistics Cognetti de Martiis. Working Papers 200607, University of Turin.

    More about this item

    JEL classification:

    • F22 - International Economics - - International Factor Movements and International Business - - - International Migration
    • I30 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - General
    • J61 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - Geographic Labor Mobility; Immigrant Workers
    • J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity
    • H23 - Public Economics - - Taxation, Subsidies, and Revenue - - - Externalities; Redistributive Effects; Environmental Taxes and Subsidies

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