The Impact of EU Accession on Human Capital : Formation - Can Migration Fuel a Brain Gain?
Can a brain drain be good for development? Many studies have established the theoretical possibility of such a brain gain. Yet it is only recently that the relaxation of data constraints has allowed for sound empirical assessments. In utilizing the...
| Main Author: | |
|---|---|
| Language: | English |
| Published: |
2012
|
| Subjects: | |
| Online Access: | http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20090224082617 http://hdl.handle.net/10986/4039 |
| Summary: | Can a brain drain be good for
development? Many studies have established the theoretical
possibility of such a brain gain. Yet it is only recently
that the relaxation of data constraints has allowed for
sound empirical assessments. In utilizing the dramatic
policy change that accompanied European Union accession as a
natural experiment, this paper is able to assuage fears of
reverse causality between migration and human capital
formation. The results highlight a significant impact of
European Union accession on human capital formation
indicating that the prospect of migration can indeed fuel
skill formation even in the context of middle-income
economies. And, if accompanied by policies to promote return
migration, as well as a functioning credit market to enable
private investment, international labor mobility could
represent a powerful tool for growth. |
|---|