Migration and dynamics: How a leakage of human capital lubricates the engine of economic growth
Migration and dynamics: How a leakage of human capital lubricates the engine of economic growth
View/Date of Publication
07.2013Publisher
Center for Development Research (ZEF), University of BonnPublisher Location
BonnMetadata
Show full item record
Citable Link (Handle URI) 
https://hdl.handle.net/20.500.11811/12213
Abstract
This paper studies the growth dynamics of a developing country under migration. Assuming that human capital formation is subject to a strong enough, positive intertemporal externality, the prospect of migration will increase growth in the home country in the long run. If the external effect is less strong, there exists at least a level effect on the stock of human capital in the home country. In either case, the home country experiences a welfare gain, provided that migration is sufficiently restrictive. These results, obtained in a dynamic general equilibrium setting, extend and strengthen the results of Stark and Wang (2002) obtained in the context of a static model.
Subjects
Overlapping-generations growth model, Intertemporal human capital externalities, Long-run growth effect of the prospect of migration, Social welfare gains
Classification (DDC)
300 Sozialwissenschaften, Soziologie, Anthropologie 320 Politik 330 WirtschaftFirst Publication
https://www.zef.de/fileadmin/user_upload/zef_dp_181.pdfPart of Series
ZEF-Discussion Papers on Development Policy ; 181Sorger, Gerhard; Stark, Oded; Wang, Yong: Migration and dynamics: How a leakage of human capital lubricates the engine of economic growth. Bonn: Center for Development Research (ZEF), University of Bonn, 2013. In: ZEF-Discussion Papers on Development Policy, 181.
Online-Ausgabe in bonndoc: https://hdl.handle.net/20.500.11811/12213
Online-Ausgabe in bonndoc: https://hdl.handle.net/20.500.11811/12213
@techreport{handle:20.500.11811/12213,
author = {{Gerhard Sorger} and {Oded Stark} and {Yong Wang}},
title = {Migration and dynamics: How a leakage of human capital lubricates the engine of economic growth},
publisher = {Center for Development Research (ZEF), University of Bonn},
year = 2013,
month = jul,
series = {ZEF-Discussion Papers on Development Policy},
volume = 181,
note = {This paper studies the growth dynamics of a developing country under migration. Assuming that human capital formation is subject to a strong enough, positive intertemporal externality, the prospect of migration will increase growth in the home country in the long run. If the external effect is less strong, there exists at least a level effect on the stock of human capital in the home country. In either case, the home country experiences a welfare gain, provided that migration is sufficiently restrictive. These results, obtained in a dynamic general equilibrium setting, extend and strengthen the results of Stark and Wang (2002) obtained in the context of a static model.},
url = {https://hdl.handle.net/20.500.11811/12213}
}
author = {{Gerhard Sorger} and {Oded Stark} and {Yong Wang}},
title = {Migration and dynamics: How a leakage of human capital lubricates the engine of economic growth},
publisher = {Center for Development Research (ZEF), University of Bonn},
year = 2013,
month = jul,
series = {ZEF-Discussion Papers on Development Policy},
volume = 181,
note = {This paper studies the growth dynamics of a developing country under migration. Assuming that human capital formation is subject to a strong enough, positive intertemporal externality, the prospect of migration will increase growth in the home country in the long run. If the external effect is less strong, there exists at least a level effect on the stock of human capital in the home country. In either case, the home country experiences a welfare gain, provided that migration is sufficiently restrictive. These results, obtained in a dynamic general equilibrium setting, extend and strengthen the results of Stark and Wang (2002) obtained in the context of a static model.},
url = {https://hdl.handle.net/20.500.11811/12213}
}
The following license files are associated with this item:
