We study the effect of economic fluctuations on investment in higher education for a wide range of countries. Our main focus is foreign students who come to the United States to attend university. There is a strong relation between enrollment and the business cycle in the sending country. The...

A substantial fraction of a worker's time at work goes to acquiring human capital. This paper explicitly considers on-the-job human capital accumulation from the perspective of time invested for acquiring skills and learning by doing in an RBC model and shows that the inability to account for...

Transition economies encounter numerous problems as they go through the process of converting their centrally planned economic systems into market economies. One hurdle they face is how to attract foreign direct investment (FDI). One of the keys to attracting FDI is having financial statements...

In this paper we survey the recent literature assessing the development impact of international migrant remittances. We begin by arguing that international migration should be fully incorporated in ongoing debates on the impact of globalization. We show that, despite methodological challenges,...

The role of migrants’ networks in promoting cross border investments has been stressed in the literature, possibly making migration and FDI complements rather than substitutes in the long run. In this paper, we estimate the magnitude of such business network externalities in dynamic empirical...

Most small fragile states have their own unique circumstances that predispose them to social conflict or frequent economic disruptions. These disruptions end up imposing a large cost on regional neighbours and on the international community more broadly. Therefore the development community is in...

As often argued, a negative perception of immigration, or even emigration, prevails public opinions and governments in most countries. It is argued that caused by economic hardship or political hardship or political unrest in countries of origin, it would threaten well-being and identity in...

Migration is a controversial issue. Reading of the popular media in virtually any country, alongside an array of opinion polls suggest that residents see controls on immigration as essential and that people would prefer to see existing rules on entry tightened rather than relaxed. This stands in...