`Brain drain' without migration: Capital market integration and capital-skill complementarities

We analyze the impacts of capital market integration on the skill composition of labor, using a framework in which heterogeneous agents decide to invest in the acquisition of skills and where production exhibits increasing returns in the available skill range (i.e., capital-skill complementarity).

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Year of publication:	2006-05-22
Authors:	Sato, Yasuhiro ; Behrens, Kristian
Published in:	Economics Bulletin. - AccessEcon, ISSN 1545-2921. - Vol. 18.2006, 2, p. 1-9
Publisher:	AccessEcon

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Extent:	application/pdf
Type of publication:	Article
Classification:	R1 - General Regional Economics ; F2 - International Factor Movements and International Business
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010835932