Dynamics of Factor Market Liberalization with Financial Frictions
2. Allowing entrepreneurs to move across borders. We find that entrepreneurs who are highly-talented but financially constrained in the financially less developed country migrate to the more developed country to take advantage of better financial markets. We interpret this outcome as brain drain. At the same time, entrepreneurs with enough self-financing capability will migrate from the more developed to the less developed country to take advantage of lower wages. We interpret this outcome as FDI.
To our knowledge, this item is not available for
download. To find whether it is available, there are three
1. Check below under "Related research" whether another version of this item is available online.
2. Check on the provider's web page whether it is in fact available.
3. Perform a search for a similarly titled item that would be available.
|Date of creation:||2008|
|Contact details of provider:|| Postal: Society for Economic Dynamics Marina Azzimonti Department of Economics Stonybrook University 10 Nicolls Road Stonybrook NY 11790 USA|
Web page: http://www.EconomicDynamics.org/society.htm
More information through EDIRC
When requesting a correction, please mention this item's handle: RePEc:red:sed008:1021. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Christian Zimmermann)
If references are entirely missing, you can add them using this form.