The Economic Consequences of “Brain Drain” of the Best and Brightest : Microeconomic Evidence from Five Countries

Brain drain has long been a common concern for migrant-sending countries, particularly for small countries where high-skilled emigration rates are highest. However, while economic theory suggests a number of possible benefits, in addition to costs,...

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Bibliographic Details
Main Authors:	Gibson, John, McKenzie, David
Format:	Policy Research Working Paper
Language:	English
Published:	2012
Subjects:	ACADEMIC OUTCOMES ACADEMIC PERFORMANCE ADVANCED DEGREES BANK POLICY BASKET OF GOODS BENEFITS OF EDUCATION BOND BRAIN DRAIN CAPITAL ACCUMULATION CAPITAL FLOWS CAPITAL INVESTMENTS CAPITAL MARKET CITIZENS CIVIC PARTICIPATION CONSEQUENCES OF MIGRATION CONSUMERS COUNTRIES OF ORIGIN DEMAND CURVE DEVELOPING COUNTRIES DEVELOPING COUNTRY DEVELOPMENT ECONOMICS DIASPORA DISCOUNT RATE DOMESTIC MARKETS DUE DILIGENCE DUMMY VARIABLE ECONOMIC DEVELOPMENT ECONOMIC PERFORMANCE ECONOMIC THEORY ECONOMICS OF EDUCATION EDUCATED MIGRANTS EDUCATION SYSTEMS EDUCATIONAL ATTAINMENT EDUCATIONAL SYSTEMS EXCHANGE RATE EXCHANGE RATES EXPORT MARKET EXPORTERS EXTERNALITY FAMILY MEMBERS FEMALE MIGRANTS FERTILITY FINANCIAL FLOWS FINANCIAL SUPPORT FOREIGN DIRECT INVESTMENT FUTURE RESEARCH GDP GLOBAL DEVELOPMENT GOVERNMENT EXPENDITURE GOVERNMENT REVENUE GOVERNMENT SPENDING GRADUATE STUDENTS GROSS VALUE HARD SCIENCES HIGH SCHOOLS HIGHER EDUCATION HIGHER INCOMES HIGHLY SKILLED INDIVIDUALS HIV HOLDING HOME COUNTRIES HOME COUNTRY HOUSEHOLD INCOMES HOUSEHOLD SIZE HUMAN CAPITAL HUMAN CAPITAL FORMATION HUMAN RESOURCES IDENTITY THEFT ILLNESS IMMIGRANTS IMMIGRATION IMPACT OF EDUCATION IMPACT OF MIGRATION INCOME INCOME TAX INCOME TAXES INFORMATION TECHNOLOGY INSTRUMENT INTERNAL RATES OF RETURN INTERNATIONAL BANK INTERNATIONAL MIGRANTS INTERNATIONAL MIGRATION INTERNATIONAL TRADE INVESTING KNOWLEDGE SHARING LABOR MARKETS LEARNING LEVELS OF EDUCATION LEVELS OF PRODUCTIVITY LITERATURE LIVING ADJUSTMENT LIVING CONDITIONS LIVING STANDARDS LOCAL CURRENCY LOCAL ECONOMY LOCAL GOVERNMENTS MACROECONOMIC SHOCKS MACROECONOMICS MARGINAL PRODUCT MEDICAL PROFESSIONALS MEDICAL SCHOOLS MICRO-DATA MICRODATA MIGRANT MIGRANT-SENDING COUNTRIES MIGRATION POLICY MINISTRY OF EDUCATION MOTHER NATIONAL EXAMINATIONS NATIONAL GOVERNMENT NATURAL SCIENCES NEGATIVE EXTERNALITIES OPPORTUNITY COSTS OUTPUT PANDEMIC PAPERS PARTICULAR COUNTRY PER CAPITA INCOME PER CAPITA INCOMES POLICY RESEARCH POLICY RESEARCH WORKING PAPER POLITICAL STABILITY POPULATION SIZE POSITIVE EFFECTS POSTGRADUATE EDUCATION POWER PARITIES PRIVATE SECTOR DEVELOPMENT PROFIT MARGIN PROGRESS PUBLIC HEALTH PUBLIC SERVICES PURCHASING POWER RADIO RATE OF RETURN RECREATION REGRESSION ANALYSIS REMITTANCES RESEARCH COLLABORATION RESEARCH COMMUNITY RESEARCH FUNDING RESEARCHERS RETURN MIGRATION RETURNEES RETURNS SAVINGS SCHOLARS SCHOLARSHIPS SCIENTIFIC COMMUNITIES SCIENTIST SCIENTISTS SECONDARY ENROLMENT SECONDARY SCHOOL SECONDARY SCHOOL ENROLMENT SECONDARY SCHOOLING SECONDARY SCHOOLS SEX SKILLED MIGRANTS SKILLED OCCUPATIONS SKILLED WORKERS SMALL COUNTRIES SOCIAL PRESSURE SOCIAL SCIENCES SPILLOVER TAX TAX RATE TAX RATES TAX REVENUES TAX SYSTEM TAXATION TEACHERS TECHNOLOGY DIFFUSION TELEVISION TEMPORARY MIGRATION TERTIARY EDUCATION TERTIARY INSTITUTIONS TRANSACTION TRANSFER OF SKILLS TREASURY TRUST FUND UNDERDEVELOPED COUNTRIES UNEMPLOYMENT VARIABLE COSTS VENTURE CAPITAL WAGES WEALTH
Online Access:	http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20100803134804 http://hdl.handle.net/10986/3878

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http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20100803134804
http://hdl.handle.net/10986/3878

The Economic Consequences of “Brain Drain” of the Best and Brightest : Microeconomic Evidence from Five Countries

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