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Papers related to:  Human Capital

Wages of Chagrin

Wages of chagrin. (2016, April 07). The Economist. Retrieved from https://www.economist.com/finance-and-economics/2016/04/07/wages-of-chagrin

This article from The Economist discusses:

Naidu, S., Nyarko, Y., & Wang, S. Y. (2016). Monopsony Power in Migrant Labor Markets: Evidence from the United Arab Emirates. Journal of Political Economy, 124(6), 1735-1792.

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Managed Labor Migration in Afghanistan: A Brief Review of the Academic Migration Literature

Chartouni, C., & Nyarko, Y. (2018). Managed Labor Migration in Afghanistan: A Brief Review of the Academic Migration Literature. Washington, DC: World Bank. 

This paper presents key findings on the international experience with migration, focusing on the implications for a developing nation that is a country of origin. The paper identifies several areas of impacts: (1) increases in wages of individual migrants; (2) remittances; (3) impacts on skills and skill formation – those leaving acquire skills to enhance ability to migrate, and those returning often do so with acquired skills and work experience. 

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Mobility, Human Capital, Remittances, and Economic Transformation

Nyarko, Y. “Mobility, Human Capital, Remittances, and Economic Transformation.” The Oxford Handbook of Africa and Economics: Volume 2: Policies and Practices., edited by Justin Lin et al., Oxford University Press, 480-493, 2015.

Migration and its related remittances is now an important feature of many economies, both the source countries and many destination countries.

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Actors of Change in Africa: Human Capital and Markets

Nyarko, Y. “Actors of Change in Africa: Human Capital and Markets.” Africa at a Fork in the Road: Taking Off or Disappointment Once Again?, edited by Ernesto Zedillo et al., Yale Center for the Study of Globalization, 355–363, 2015.

In this paper I will be presenting two ideas that I think are critical to economic development. The two ideas are markets and human capital.

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The Economic Development Benefits of Human Mobility to Source Countries

Nyarko, Y. (2013). The Economic Development Benefits of Human Mobility to Source Countries. Labor Mobility, an Enabler for Sustainable Development. Emirates Center for Strategic Studies and Research (ECSSR) Conference, 49-67.

Labor mobility is particularly significant in the case of the GCC; the region is host to around 15 million expatriate workers who generate US $80 billion in annual remittances each year and support and estimate 150 million dependents in their various home countries.

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The Returns to the Brain Drain and Brain Circulation in Sub-Saharan Africa: Some computations using data from Ghana

Nyarko, Y. (2011). The Returns to the Brain Drain and Brain Circulation in Sub-Saharan Africa: Some computations using data from Ghana (No. w16813). National Bureau of Economic Research.

We look at the decision of the government or “central planner” in the allocation of scarce governmental resources for tertiary education, as well as that for the individual. We provide estimates of the net present values, or cost and benefits.

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EU Policies and African Human Capital Development

Nyarko, Y. (2010). EU Policies and African Human Capital Development. European Report on Development.

Brain Circulation between the European Union (EU) and Sub-Saharan Africa is a crucial ingredient in Human Capitol formation in the latter. A major constraint to African development is the very low base of skilled and highly educated workers and professionals.

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Is the Brain Drain Good for Africa?

Nyarko, Y., & Easterly, W. “Is the Brain Drain Good for Africa?” Skilled Immigration Today: Prospects, Problems, and Policies., edited by Bhagwati et al., Oxford University Press, 2009.

We build upon recent literature to do several exercises to assess benefits and costs of the brain drain to Africa. Contrary to a lot of the worries expressed in the media and in aid agencies, the brain drain is probably a net benefit to the source countries…

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The New Growth Theory

Nyarko, Y. “The New Growth Theory.” Fundamental Economics- Volume I (EOLSS), edited by Majumdar et al., UNESCO, 2002.

This paper very briefly summarizes some of the new growth theory in economics. The emphasis will be on the role of knowledge in the growth process.

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Stepping-stone mobility

Jovanovic, B., & Nyarko, Y. (1997). Stepping-stone mobility. Carnegie-Rochester Conference Series on Public Policy, 46, 289-325.

People at the top of an occupational ladder earn more partly because they have spent time on lower rungs, where they have learned something. But what precisely do they learn?

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The Bayesian Foundations of Learning by Doing

Jovanovic, B., & Nyarko, Y. (1996). The Bayesian Foundations of Learning by Doing. Econometrica, 64(6), 1299-1310.

This paper explores a one-agent Bayesian model of learning by doing and technological choice. To produce output, the agent can choose among various technologies…

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A Bayesian Learning Model Fitted to a Variety of Empirical Learning Curves

Jovanovic, B., & Nyarko, Y. (1995). A Bayesian Learning Model Fitted to a Variety of Empirical Learning Curves. Brookings Papers on Economic Activity. Microeconomics, (1), 247-305.

Where does technological progress come from and what determines its rate of advance? In answering these questions, it is useful to decompose technological progress into the invention of new techniques and products and the improvement of existing ones.

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The Transfer of Human Capital

Jovanovic, B., & Nyarko, Y. (1995). The Transfer of Human Capital. Journal of Economic Dynamics and Control, 19(5-7), 1033-1064.

Most of our productive knowledge was handed down to us by previous generations. The transfer of knowledge from the old to the young is therefore a cornerstone of productivity growth.

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