Question

justify that brain drain leads to retarded growth in the economy ​

Answer 1

Answer:

Hello my free fire id-ShannuB13090

Answer 2

Explanation:

We show that a positive migration chance may be potentially beneficial for economic performance in the sending country in two alternative cases. In fact, it may: (i) increase the relative expected returns from education, when the agents choose between study-ing and working, (ii) decrease the relative expected returns from rent-seeking, if agents can choose between acting as rent-seekers and engaging in productive activities. In both cases, however, this result calls for some qualification. With education-led growth, we show, both theoretically and empirically, that the net effect linked to skilled migra-tion depends crucially on human capital distribution: it is more likely to be negative if the middle class is not large enough. When rent-seeking is taken into account, the "optimistic" finding of a beneficial brain drain is not robust to the introduction of en-dogenous protection against parasitic activities.