This paper examines how brain drain may affect the growth rate, education, and income distribution of an economy. It shows that if the engine of growth of the economy is human capital accumulation and intergenerational externality, brain drain hurts the growth rate of the economy. Brain drain...

The paper focuses on the Hong Kong economy and attempts to measure the contribution of Hong Kong's integration with mainland China to its GDP growth rate. Two linkages have received particular attention, namely, Hong Kong's foreign direct investment (FDI) in China and immigrants from China....

Intro -- Contents -- List of Figures -- List of Tables -- Contributors -- Part I. Introduction -- 1. Introduction / Bjarne S. Jensen and Kar-yiu Wong -- 2. Endogenous Growth and International Trade: A Survey / Ngo Van Long and Kar-yiu Wong -- Part II. Dynamics of Basic Trade Models -- 3. General...