Brain drain and economic growth: A dynamic model |
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Authors: | Carlos Alfredo Rodriguez |
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Affiliation: | Columbia University, New York, NY 10027, U.S.A. |
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Abstract: | The problem of the international migration of educated people is analyzed in the context of a dynamic economy where individuals are faced with three basic decisions: education, acquisition of physical capital and migration. The paper discusses the transitional and steady-state behaviour of such an economy, and in addition incorporates a detailed dynamic analysis of the effects of minimum wages and of the implementation of a migration tax. |
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