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- W207666757 abstract "This paper explores the role of migration networks in promoting trade and home country de- velopment. Migration networks help home …rms access foreign markets. The strength of the eect, however, hinges on the mass and talent compositions of the emigrants. Depending on the talent distributions and opportunity costs of migration, two equilibria may emerge-one is that the most talented emigrate, and the other is that the most talented choose to stay home as managers while the intermediate-talented emigrate. It is shown that only in the …rst case, some talented emigrants will return to their home country to start new businesses, resulting in reverse migration. In addi- tion to the gains from foreign market access expansion, these talented returnees improve production e¢ ciency and channel knowledge spillover, which further increases the likelihood of brain gain." @default.
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- W207666757 date "2007-01-01" @default.
- W207666757 modified "2023-09-27" @default.
- W207666757 title "A Model of Emigration Networks and Brain Gain" @default.
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