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Yasuhiro Sato and Kristian Behrens
 
''`Brain drain' without migration: Capital market integration and capital-skill complementarities''
( 2006, Vol. 18 No.2 )
 
 
We analyze the impacts of capital market integration on the skill composition of labor, using a framework in which heterogeneous agents decide to invest in the acquisition of skills and where production exhibits increasing returns in the available skill range (i.e., capital-skill complementarity).
 
 
Keywords:
JEL: R1 - General Regional Economics (includes Regional Data)
F2 - International Factor Movements and International Business: General
 
Manuscript Received : May 04 2006 Manuscript Accepted : May 22 2006

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