the effects of migration on the accumulation of both knowledge and human capital, by invoking endogenous growth theory …

This paper develops a model in which the interaction of entrepreneurial investments and power of the owners of land or … resources promotes structural change and growth through two channels: First, by weakening oligopsony power of owners and thereby … easing entrepreneurial investments for credit-constrained individuals whose investment possibilities depend on their income …

This paper tests two hypotheses from the theory of elimination tournaments: (i) that uneven tournaments, where the … contestants are ex ante heterogeneous, entail lower effort exertion; this is a prediction from agency theory that has not been … underlies any agency theory about elimination tournaments, and has been empirically tested in other contexts. The evidence …

. Using foreign direct investment (FDI) as a measure for capital flows, we present empirical evidence which largely confirms …

the role of the econometric specification. We present a simple theory of the economic and demographic transition where … individuals' education and fertility decisions depend on their life expectancy. The theory predicts that before the demographic …

This paper argues that openness to goods trade in combination with an unequal distribution of political power has been …

's income gap to potential host economies of expatriates, and optimal public infrastructure investment. In a model with … endogenous education and R&D investment decisions we show that international integration of the market for skilled labor … economies. When brain drain increases in source economies, public infrastructure investment is optimally adjusted downward …