Migration and Dynamics: How a Leakage of Human Capital Lubricates the Engine of Economic Growth

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Migration and Dynamics: How a Leakage of Human Capital Lubricates the Engine of Economic Growth

Sorger, Gerhard; Stark, Oded; Wang, Yong
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Zitierfähiger Link (URI): http://nbn-resolving.de/urn:nbn:de:bsz:21-opus-69236
http://hdl.handle.net/10900/48015
Dokumentart: Arbeitspapier
Erscheinungsdatum: 2013
Originalveröffentlichung: University of Tübingen Working Papers in Economics and Finance ; 58
Sprache: Englisch
Fakultät: 6 Wirtschafts- und Sozialwissenschaftliche Fakultät
Fachbereich: Wirtschaftswissenschaften
DDC-Klassifikation: 330 - Wirtschaft
Schlagworte: Migration
Freie Schlagwörter:
Overlapping-generations growth model , Intertemporal human capital externalities , Long-run growth effect of the prospect of migration
Lizenz: http://tobias-lib.uni-tuebingen.de/doku/lic_ohne_pod.php?la=de http://tobias-lib.uni-tuebingen.de/doku/lic_ohne_pod.php?la=en
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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.

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