EconPapers    
Economics at your fingertips  
 

Modelling the flow of knowledge and human capital: a framework of innovative capital

d'Artis Kancs and Pavel Ciaian

International Journal of Public Policy, 2011, vol. 7, issue 1/2/3, 134-160

Abstract: Recently, the EU Council adopted a new labour migration policy instrument – the EU Blue Cards (BC) – for attracting the highly skilled workers to the EU. The present paper examines the potential impacts, which BC may cause on less developed sending countries (LDC). Our results suggest that the EU BC will reduce human capital in LDC. In addition, BC will also have a negative impact on knowledge capital. These findings suggest that without appropriate policy responses, BC makes developing country growth prospects rather bleak than blue. Therefore, we propose and analyse alternative migration policy instruments for LDC. We find that policies implemented on the demand side of the skilled labour market are the most efficient. In contrast, policies that address the supply side of the skilled labour market are the least efficient, though they might be less costly to implement.

Keywords: knowledge capital; human capital; high-skill migration; innovative capital; economic growth; knowledge flow; EU; Council Directives; European Union; labour migration; migration policies; Blue Cards; European Labour Cards; conditions of entry; conditions of residence; third-country nationals; highly qualified employment; skilled workers; less developed countries; sending countries; policy responses; developing countries; growth prospects; policy instruments; demand side; labour markets; supply side; efficiency; implementation costs; public policy; economic policies; alternative paradigms. (search for similar items in EconPapers)
Date: 2011
References: Add references at CitEc
Citations: View citations in EconPapers (6) Track citations by RSS feed

Downloads: (external link)
http://www.inderscience.com/link.php?id=39580 (text/html)
Access to full text is restricted to subscribers.

Related works:
Working Paper: Modelling the Flow of Knowledge and Human Capital: A Framework of Innovative Capital (2011) Downloads
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ids:ijpubp:v:7:y:2011:i:1/2/3:p:134-160

Access Statistics for this article

More articles in International Journal of Public Policy from Inderscience Enterprises Ltd
Bibliographic data for series maintained by Carmel O'Grady (). This e-mail address is bad, please contact .

 
Page updated 2019-07-21
Handle: RePEc:ids:ijpubp:v:7:y:2011:i:1/2/3:p:134-160