Aufbauend auf einem theoretischen Rahmenmodell, das sowohl positive als auch negative Wachstumseffekte des Finanzsektors berücksichtigt, wird die makroökonomische Effizienz des Finanzsektors definiert. Die empirische Untersuchung des theoretischen Modells anhand von 28 west- und...

The share of immigrants in Western and Eastern Europe has increased rapidly over the past four decades.Today, one of every three immigrants in the world goes to Europe. Furthermore, although globally onlyone-third of migration takes place within regions, intraregional migration is especially...

The technological effects of innovative regions on lagging regions' labor markets have not been yet well understood, especially in the urban-rural context. I introduce a theoretical model that yields insight into the interactions between high-technology and lagging regions. While, through...

This paper analyzes the effect of the so-called 'brain drain' on economic growth through the channel of growth in total factor productivity. We analyze panel data that measure the severity of brain drain, which are from IMD and the U.S. National Science Foundation. Our analysis shows that...

This paper examines the impact on total factor productivity in Latin America and the Caribbean (LAC) and in other developing countries of trade-related technology diffusion from the North) (denoted by NRD), education, and governance, research and development The NRD value for a developing...

This trend is raising considerable concern among policymakers in developing countries, wary of having to bear the cost of educating and then losing their most entrepreneurial and talented workers. The possibility for educated migrants to move abroad should raise the returns to education and, in...

This article seeks to explain the contradiction between the promises of welfare gains derived from the economic models recommending the removal of immigration restrictions and the realities experienced by countries attempting to apply restrictions to immigration flows. A formal model is built in...

The economies of small developing states tend to be more fragile than those of large ones. This paper examines this issue in a dynamic context by focusing on the impact of the brain drain on North-South trade-related technology diffusion and total factor productivity growth in small and large...

The ability to attract and retain human capital is critical for regional development. In Colombia, in two regions that are the principal mining royalties receptors, 60% of people are considered poor. One reason is the misallocation of royalties, caused by the poor design of the project funded by...

Based on static partial equilibrium analysis, the "new brain drain" literature argues that, by raising the return to education, a brain drain generates a brain gain that is, under certain conditions, larger than the brain drain itself, and that such a net brain gain results in an increase in...