Institutional Impact of Brain Drain, Human Capital, and Inequality: A Political Economy Analysis
Maurice Schiff () and
Frédéric Docquier ()
Latin American Journal of Economics-formerly Cuadernos de Economía, 2016, vol. 53, issue 1, 95-110
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 U-shaped, with a maximum at m = 0; 2) the institutional impact of human capital h is U-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.
Keywords: human capital; brain drain; inequality; institutional impact; political economy (search for similar items in EconPapers)
JEL-codes: F22 D33 I24 I25 (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:ioe:cuadec:v:53:y:2016:i:1:p:95-110
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Latin American Journal of Economics-formerly Cuadernos de Economía is currently edited by Raimundo Soto
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