Institutional Impact of Brain Drain, Human Capital, and Inequality: a political economy analysis



Document title: Institutional Impact of Brain Drain, Human Capital, and Inequality: a political economy analysis
Journal: Latin american journal of economics
Database: CLASE
System number: 000448515
ISSN: 0719-0425
Authors: 1
2
Institutions: 1IZA - Institute of Labor Economics, Bonn, Nordrhein-Westfalen. Alemania
2Universite Catholique de Louvain, Lovaina, Brabante. Bélgica
Year:
Season: Dic
Volumen: 53
Number: 1
Pages: 95-110
Country: Chile
Language: Inglés
Document type: Artículo
Approach: Analítico, descriptivo
English abstract This paper uses an "exit and voice" political economy model to examine the institutional impact of brain drain, human capital, and inequality. Some of the main findings are: 1) the impact of brain drain m on institutional quality is L-shaped, with a maximum at m = 0; 2) the institutional impact of human capital h is L-shaped; 3) the likelihood that institutions will improve with m (h) is inversely related to international (domestic) inequality. Thus, the prospect that institutions will improve with human capital is likely to be small in SSA and LAC, where income inequality is substantially higher than in East Asia
Disciplines: Economía
Keyword: Condiciones económicas,
Economía política,
Capital humano,
Fuga de cerebros,
Impacto institucional,
Análisis económico,
Modelos econométricos
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