Supply or Demand, Make or Buy

Paul D. Gottlieb

Economic Development Quarterly, 2011, vol. 25, issue 4, 303-315

Abstract: This article lays out two broad criteria for crafting a particular brain drain policy at the state level. The first, which we are calling “supply or demand,†asks whether a state experiencing brain drain is below average in high-tech labor demand or above average in high-tech labor supply (the latter concept measured by university enrollments). It is argued that the answer to this question matters a great deal to the policy response. The article then proposes a second, related framework for crafting brain drain policies, which is used widely in the world of business. This is whether a state should “make†or “buy†its own high-tech workers. Benchmarking data and a new review of state policy programs are then used to compare what states are doing with what they ought to be doing in light of their particular situations.

Keywords: university role in economic development; state and local economic development policy; labor force issues; jobs (search for similar items in EconPapers)
Date: 2011
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Persistent link: https://EconPapers.repec.org/RePEc:sae:ecdequ:v:25:y:2011:i:4:p:303-315

DOI: 10.1177/0891242411418494

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