Brains for Capital. The Effect of Brain Drain on Investments and Convergence
The empirical experience of countries hit by brain drain shows no clear impact of human capital outflow on the source economy. This study shows that by triggering the capital flows from abroad, the brain can be beneficial for the sending countries. The theoretical claim about the causal effect of brain drain on capital flows is supported by empirical analysis.
|Date of creation:||Jun 2006|
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