Remittances or technological diffusion: Which drives domestic gains from brain drain?

Le, Thanh and Bodman, Philip M. (2011) Remittances or technological diffusion: Which drives domestic gains from brain drain?. Applied Economics, 43 18: 2277-2285. doi:10.1080/00036840903153838


Author Le, Thanh
Bodman, Philip M.
Title Remittances or technological diffusion: Which drives domestic gains from brain drain?
Journal name Applied Economics   Check publisher's open access policy
ISSN 0003-6846
1466-4283
Publication date 2011-01-01
Year available 2010
Sub-type Article (original research)
DOI 10.1080/00036840903153838
Volume 43
Issue 18
Start page 2277
End page 2285
Total pages 8
Editor Mark Taylor
Place of publication London, U.K.
Publisher Routledge
Collection year 2011
Language eng
Subject C1
140202 Economic Development and Growth
140304 Panel Data Analysis
Abstract This article examines the impact of technological diffusion and international migrants' remittances on the economic development of less-developed countries. The hypothesis that skilled workers, living and working overseas, can effectively channel technological knowledge back to their home country, which in turn contributes to that country's economic growth, is tested utilizing data on the stock of high-skilled workers from 50 developing countries working in industrialized countries over the last two decades. Results obtained lend strong support to this hypothesis. In addition, the effect that remittances from workers in developed countries, which are used for investment purposes in developing countries, have on the rate of growth of those developing economies is investigated. Our empirical evidence indicates that this remittance channel exerts a significant, positive impact on growth, although quantitatively the contribution of such investment-oriented remittances in driving sustainable economic development appears to be somewhat smaller than that of more general technological diffusion.
Q-Index Code C1
Q-Index Status Confirmed Code
Institutional Status UQ
Additional Notes First Published online: 5 March 2010

Document type: Journal Article
Sub-type: Article (original research)
Collections: Official 2011 Collection
School of Economics Publications
 
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Created: Mon, 22 Mar 2010, 21:23:08 EST by Alys Hohnen on behalf of School of Economics