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Literature notes many factors as affecting capital flows, but the effects of these flows over the recipient economies and the overall effect over growth are highly debatable. This study claims that although capital flows may be required for the increase in output, other forces are causing this...
Persistent link: https://www.econbiz.de/10014200026
In this paper we study theoretically and empirically the role of the interaction between skilled migration and …
Persistent link: https://www.econbiz.de/10011737107
In 2009 the EU adopted a new migration policy instrument - the Blue Cards (BC) - for attracting highly skilled workers … address the skill drain issues, we propose and examine alternative migration policy options for the LDC. …
Persistent link: https://www.econbiz.de/10011524082
recent US data on migration rates by education levels (Carrington and Detragiache, 1998), we find empirical support for the … countries combining low levels of human capital and low migration rates of skilled workers tend to be positively affected by the … brain drain. By contrast, the brain drain appears to have negative growth effects in countries where the migration rate of …
Persistent link: https://www.econbiz.de/10013319833
Are natural resources a "curse" or a "blessing"? The empirical evidence suggests either outcome is possible. The paper surveys a variety of hypotheses and supporting evidence for why some countries benefit and others lose from the presence of natural resources. These include that a resource...
Persistent link: https://www.econbiz.de/10003986863
Recent empirical studies have found a robust correlation between competitive exchange rates and economic growth in developing economies. This paper presents (i) a formal model to help explain these findings and (ii) econometric evidence on the relation between investment and the real exchange...
Persistent link: https://www.econbiz.de/10009273104
This paper empirically studies how a fixed exchange rate regime (FERR) may promote economic growth by undermining the Balassa-Samuelson effect. When total factor productivity (TFP) is faster in the industrial sector than in the non-tradable sectors, an FERR can suppress the Balassa-Samuelson...
Persistent link: https://www.econbiz.de/10013017349
A large body of evidence suggests that poor countries tend to invest less (have lower PPP - adjusted investment rates) and to face higher relative prices of investment goods. It has been suggested that this happens either because these countries have lower TFP in the investment - good producing...
Persistent link: https://www.econbiz.de/10012727281
Persistent link: https://www.econbiz.de/10013369326
Are natural resources a “curse” or a “blessing”? The empirical evidence suggests either outcome is possible. The paper surveys a variety of hypotheses and supporting evidence for why some countries benefit and others lose from the presence of natural resources. These include that a...
Persistent link: https://www.econbiz.de/10013094532