Abstract
The role of knowledge accumulation in economic growth has been well discussed in the literature. By assuming the possibility of knowledge import by study abroad, this paper presents a growth model of knowledge creation and import. This paper also derives testable implications in three aspects of foreign education: the choice of host countries by foreign studients, the number of students abroad from one origin country, and the growth effect of foreign education. In all these aspects, empirical observations agree well with the predictions of the model.
| Original language | English |
|---|---|
| Pages (from-to) | 337-365 |
| Number of pages | 29 |
| Journal | Journal of Development Economics |
| Volume | 56 |
| Issue number | 2 |
| DOIs | |
| Publication status | Published - 1998 |
| Externally published | Yes |
Bibliographical note
Funding Information:Part of this paper is from the author's PhD dissertation at the University of Chicago. I am grateful to Yair Mundlak, Kevin Murphy, Sherwin Rosen, Nancy Stokey and especially Gary Becker for their help. I would very much like to thank the anonymous referee for helpful comments on earlier drafts. Financial supports from Bradley Foundation, NORC and the University of Chicago are gratefully acknowledged. Remaining errors are mine.
ASJC Scopus subject areas
- Development
- Economics and Econometrics
