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Persistent link: https://www.econbiz.de/10005365137
This paper links the two fields of “development traps” and “brain drain”. We construct a model which integrates endogenous international migration into a simple growth model. As a result the dynamics of the economy can feature some underdevelopment traps: an economy starting with a low...
Persistent link: https://www.econbiz.de/10011065952