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Standard exchange rate models perform poorly in out-of-sample forecasting when compared to the random walk model. We posit part of the poor performance of these models may be due to omission of political factors. We test this hypothesis by including political variables that capture...
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globalization of almost all factors of production—except labor. So far, this policy has failed to cause the living standards of most … people in most developing countries to converge with living standards in rich countries. But the globalization of labor … forward is for rich countries to greatly open up legal pathways for temporary labor movement. …
Persistent link: https://www.econbiz.de/10008545864
Large numbers of doctors, engineers, and other skilled workers from developing countries choose to move to other countries. Do their choices threaten development? The answer appears so obvious that their movement is most commonly known by the pejorative term “brain drain.” This paper...
Persistent link: https://www.econbiz.de/10008528573
Research on migration and development has recently changed, in two ways. First, it has grown sharply in volume, emerging as a proper subfield. Second, while it once embraced principally rural-urban migration and international remittances, migration and development research has broadened to...
Persistent link: https://www.econbiz.de/10010783609
Developing countries invest in training skilled workers and can lose part of their investment if those workers emigrate. One response is for the destination countries to design ways to participate in financing skilled emigrants’ training before they migrate—linking skill creation and skill...
Persistent link: https://www.econbiz.de/10010783611
Skilled workers have a rising tendency to emigrate from developing countries, raising fears that their departure harms the poor. To mitigate such harm, researchers have proposed a variety of policies designed to tax or restrict high-skill migration. Those policies have been justified as Pigovian...
Persistent link: https://www.econbiz.de/10010783624
In this technical note we discuss a paper of Benkherouf and Balkhi recently published in Mathematical Methods of Operations Research. They established the model for deteriorating items with increasing demand and proved the uniqueness for the solution of the system of first partial derivatives....
Persistent link: https://www.econbiz.de/10010999670