Brain drain and economic cycles with international migration: a case of minimum wage in the unskilled sector
Zhang, W.
Journal of Development Economics 32(1): 191-203
1990
ISSN/ISBN: 0304-3878 PMID: 12282994 DOI: 10.1016/0304-3878(90)90058-jDocument Number: 368009
"The purpose of this paper is to establish the existence of economic cycles in Rodriguez's descriptive growth model with brain drain. We guarantee limit cycles in the case of minimum wages in the unskilled sector. The expression, period and stability conditions of the economic cycle are explicitly given."