The brain drain has long been viewed as a serious constraint on poor countries development. However, recent theoretical literature suggests that emigration prospects can raise the expected return to human capital and foster investment in education at home. This paper takes advantage of a new...

The real exchange rate alone cannot decide the fate of growth. The wider and less aggregative the model adopted, the lower is the effect of a currency depreciation. Especially when the depreciation monitored over a long period of time and integrated into the behaviour of economic actors. In the...

One considers a model of accumulation of the human capital in the presence of the international migration offers. One shows that under certain conditions,this option can support the increase in the stock of the national human capital by taking of account the externalities. Thus the `brain drain'...

This paper aims to model theoretically the fundamental links between financial development, foreign direct investment and economic development. In particular, we show that the entry of foreign capital flows can support an endogenous economic growth path of the host country. Indeed, we give the...

This article examines the effect of remittances on economic growth, highlighting the main transmission channels. Using the SGMM method, estimates based on data from 27 developing countries show that remittances have a positive and significant effect on economic growth. The results don’t allow...

French Abstract: Nicolas Firzli nous fait partager certains des travaux menés par le World Pensions Council (WPC) et résume ici une partie des interventions du G7 Pensions qui s'est tenu fin août dernier, en marge du Sommet du G7 de Biarritz. Il livre des pistes de réflexions précieuses...