Article ID Journal Published Year Pages File Type
5083792 International Review of Economics & Finance 2013 12 Pages PDF
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.
Related Topics
Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics
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