California law that make non-compete agreements unenforceable. Consistent with our model of innovation, mobility rates outside of …

foster education investment at home or, in other words, induce a brain gain. In a recent paper (Beine, Docquier and Rapoport … also regress other indicators of human capital investment on skilled migration rates and find a positive effect on youth …

innovation and their ability in fostering industrialization, the proposed theory suggests that the desirable degree of the …

or positive effects on R&D-investment, respectively. Both possibilities arise in plausible situations, even if one uses … on investment more likely. Extending the basic framework, the paper shows that separation of ownership and control …, endogenous entry and cumulative investments make positive effects of competition on investment more likely. Imperfect upstream …

population, and incentives for investment in human capital combine to predict the decline of the West. In particular, indigenous …