Can a Brain Drain Be Good for Growth?

Can a brain drain be good for growth in the source economy?

"This paper analyzes the interaction between income distribution, human capital accumulation and migration. It shows that when migration is not a certainty, a brain drain may increase average productivity and equality in the source economy even though average productivity is a positive function of past average levels of human capital in an economy. It is also shown how the temporary possibility...

Is the Brain Drain Good for Africa?

We build upon recent literature to do several exercises to assess benefits and costs of the brain drain to Africa. Contrary to a lot of the worries expressed in the media and in aid agencies, the Brain drain is probably a net benefit to the source countries. We make several arguments: (1) the African brain drain is not large enough to have much effect on Africa’s skill gap relative to the rest ...

CO2 can be good for you!

The role of exercise testing and gas-exchange measurement in the prognostic assessment of patients with heart failure. The study of the effects of noninvasive positive pressure ventilation to reduce chronic compensated CO 2 retention in COPD patients 1 ignores the possible adaptive advantage of " resetting " the Pco 2 to a higher level than normal. As experts in the mechanics of COPD have argue...

Can trade be good for the environment?

We analyze the impact of trade in a differentiated good on environmental policy when there is local and transboundary pollution. In autarky, the (equivalent) pollution tax is set equal to the marginal damage from own emissions. If the strategic policy instrument is a tax, leakage occurs under trade and tends to lower the tax. The net terms of trade effect, due to the exportable and importable v...

Can Market Forces Be Used for Good?