Brain drain and economic growth: evidence of productivity growth from brain circulation

This paper analyzes the effect of the so-called ‘brain drain’ on economic growth through the channel of growth in total factor productivity. We analyze panel data that measure the severity of brain drain, which are from IMD and the U.S. National Science Foundation. Our analysis shows that middle-in...

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Autor principal:	Woosik Yu
Formato:	article
Lenguaje:	EN
Publicado:	University of A Coruna 2021
Materias:	brain drain brain circulation economic growth total factor productivity Political science J Political institutions and public administration (General) JF20-2112
Acceso en línea:	https://doaj.org/article/4da555b06f4e43d1915b418930bcc51d
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id	oai:doaj.org-article:4da555b06f4e43d1915b418930bcc51d
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spelling	oai:doaj.org-article:4da555b06f4e43d1915b418930bcc51d2021-12-02T09:13:00ZBrain drain and economic growth: evidence of productivity growth from brain circulation10.17979/ejge.2021.10.2.78312254-7088https://doaj.org/article/4da555b06f4e43d1915b418930bcc51d2021-12-01T00:00:00Zhttps://revistas.udc.es/index.php/ejge/article/view/7831https://doaj.org/toc/2254-7088 This paper analyzes the effect of the so-called ‘brain drain’ on economic growth through the channel of growth in total factor productivity. We analyze panel data that measure the severity of brain drain, which are from IMD and the U.S. National Science Foundation. Our analysis shows that middle-income countries have more brain drain compared to the group of high-income countries. Also, emerging economies that grow fast tend to experience more brain drain. Our results from fixed effects regression models show that that brain drain has a significant and positive impact on economic growth, and the main channel is productivity growth. This can be considered as evidence of the positive effects of ‘brain circulation’, which is one of the brain drain phenomena that settlement of the talents in advanced countries can eventually help improve the productivity of home country by the sharing of advanced technologies and skills around them with colleagues in motherland. Therefore, a strategy of utilizing overseas resident talents should also be considered, alongside the brain-attraction policy. Woosik YuUniversity of A Corunaarticlebrain drainbrain circulationeconomic growthtotal factor productivityPolitical scienceJPolitical institutions and public administration (General)JF20-2112ENEuropean Journal of Government and Economics, Vol 10, Iss 2 (2021)
institution	DOAJ
collection	DOAJ
language	EN
topic	brain drain brain circulation economic growth total factor productivity Political science J Political institutions and public administration (General) JF20-2112
spellingShingle	brain drain brain circulation economic growth total factor productivity Political science J Political institutions and public administration (General) JF20-2112 Woosik Yu Brain drain and economic growth: evidence of productivity growth from brain circulation
description	This paper analyzes the effect of the so-called ‘brain drain’ on economic growth through the channel of growth in total factor productivity. We analyze panel data that measure the severity of brain drain, which are from IMD and the U.S. National Science Foundation. Our analysis shows that middle-income countries have more brain drain compared to the group of high-income countries. Also, emerging economies that grow fast tend to experience more brain drain. Our results from fixed effects regression models show that that brain drain has a significant and positive impact on economic growth, and the main channel is productivity growth. This can be considered as evidence of the positive effects of ‘brain circulation’, which is one of the brain drain phenomena that settlement of the talents in advanced countries can eventually help improve the productivity of home country by the sharing of advanced technologies and skills around them with colleagues in motherland. Therefore, a strategy of utilizing overseas resident talents should also be considered, alongside the brain-attraction policy.
format	article
author	Woosik Yu
author_facet	Woosik Yu
author_sort	Woosik Yu
title	Brain drain and economic growth: evidence of productivity growth from brain circulation
title_short	Brain drain and economic growth: evidence of productivity growth from brain circulation
title_full	Brain drain and economic growth: evidence of productivity growth from brain circulation
title_fullStr	Brain drain and economic growth: evidence of productivity growth from brain circulation
title_full_unstemmed	Brain drain and economic growth: evidence of productivity growth from brain circulation
title_sort	brain drain and economic growth: evidence of productivity growth from brain circulation
publisher	University of A Coruna
publishDate	2021
url	https://doaj.org/article/4da555b06f4e43d1915b418930bcc51d
work_keys_str_mv	AT woosikyu braindrainandeconomicgrowthevidenceofproductivitygrowthfrombraincirculation
_version_	1718398183190560768

Brain drain and economic growth: evidence of productivity growth from brain circulation

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