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| Yasuhiro Sato and Kristian Behrens |
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| ''`Brain drain' without migration: Capital market integration and capital-skill complementarities'' |
| ( 2006, Vol. 18 No.2 ) |
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| 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). |
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| Keywords: |
JEL: R1 - General Regional Economics (includes Regional Data)
F2 - International Factor Movements and International Business: General |
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| Manuscript Received : May 04 2006 | | Manuscript Accepted : May 22 2006 |
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