Massive Migration and its Effect on Human Capital and Growth: The Case of Western Balkan and Central and Eastern European Countries
Landesmann, Michael
Massive Migration and its Effect on Human Capital and Growth: The Case of Western Balkan and Central and Eastern European Countries - Wien : Wiener Institut für Internationale Wirtschaftsvergleiche (wiiw), 2016. - wiiw Balkan Observatory Working Papers 124 . - wiiw Balkan Observatory Working Papers 124 .
Abstract
We analyse the effect of massive migration particularly from the Western Balkans and the Central and Eastern European countries on human capital and growth. In our analysis, we use a system of three equations to estimate simultaneously the effect of migration on human capital and on growth. An important driver of migration is chain migration, as well as the unemployment and income differentials between developing and developed countries. Overall, our findings suggest that migration of highly skilled from the Western Balkan and Central Eastern European countries has been beneficial to economic growth and income convergence of these countries. Our analysis supports the positive impact of low-skilled migration on the composition of human capital in the source countries.
migration
brain drain
brain gain
economic growth
human capital
CEE
Western Balkans
Massive Migration and its Effect on Human Capital and Growth: The Case of Western Balkan and Central and Eastern European Countries - Wien : Wiener Institut für Internationale Wirtschaftsvergleiche (wiiw), 2016. - wiiw Balkan Observatory Working Papers 124 . - wiiw Balkan Observatory Working Papers 124 .
Abstract
We analyse the effect of massive migration particularly from the Western Balkans and the Central and Eastern European countries on human capital and growth. In our analysis, we use a system of three equations to estimate simultaneously the effect of migration on human capital and on growth. An important driver of migration is chain migration, as well as the unemployment and income differentials between developing and developed countries. Overall, our findings suggest that migration of highly skilled from the Western Balkan and Central Eastern European countries has been beneficial to economic growth and income convergence of these countries. Our analysis supports the positive impact of low-skilled migration on the composition of human capital in the source countries.
migration
brain drain
brain gain
economic growth
human capital
CEE
Western Balkans