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Persistent link: https://www.econbiz.de/10011859573
The proportion of foreign-born people in rich countries has tripled since 1960, and the emigration of high-skilled people from poor countries has accelerated. Many countries intensify their efforts to attract and retain foreign students, which increases the risk of brain drain in the sending...
Persistent link: https://www.econbiz.de/10011416347
different levels of migration frictions. We bring the model to the data for the whole world economy at a 1º times 1º geographic … resolution. We then use the model to quantify the gains from relaxing migration restrictions as well as to describe the evolution … of the distribution of economic activity in the different migration scenarios. Our results indicate that fully …
Persistent link: https://www.econbiz.de/10011252617
-monotonic: remittances seem to decrease economic inequality in communities with a long migration tradition but to increase inequality within … communities at the beginning of the migration process. This is consistent with different theoretical arguments regarding the role … of migration networks and/or the dynamics of wealth transmission between successive generations. …
Persistent link: https://www.econbiz.de/10014023661
India is becoming a key player in the global economy. It performs well in exporting information and technology services, pharmaceuticals and petroleum products. India’s large diaspora is well integrated abroad, helping to develop new export markets and facilitate the transfer of technology and...
Persistent link: https://www.econbiz.de/10012203276
period when Canada experienced a dramatic shift in migration patterns, with increasing immigration flows, and a surge in …
Persistent link: https://www.econbiz.de/10005069603
This paper studies the relations between bilateral FDIs and immigrant networks of France, Germany, UK, Italy and Spain, and the emigrant diasporas of Italy and Spain. It focuses on skilled and unskilled immigrants and on ties with developing and developed countries. Results evidence two...
Persistent link: https://www.econbiz.de/10010573936
Information asymmetries are important in theory but difficult to identify in practice. We estimate the presence and importance of adverse selection and moral hazard in a consumer credit market using a new field experiment methodology. We randomized 58,000 direct mail offers issued by a major...
Persistent link: https://www.econbiz.de/10005497798
We apply a new approach to a new panel data set on bilateral gross cross-border equity flows between 14 countries, 1989-96. The remarkably good results have strong implications for theories of asset trade. We find that the geography of information heavily determines the pattern of international...
Persistent link: https://www.econbiz.de/10005067617
Over the past two decades, governments worldwide have continued to liberalise restrictions on international investment with only occasional relapses. Yet, FDI liberalisation remains an unfinished agenda in various parts of the world and across sectors. This paper sheds light on their potential...
Persistent link: https://www.econbiz.de/10012147278