Footnote:
Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments March 15, 2016 erstellt
Description:
In this study, an economic growth model that includes both developed and less-developed regions was constructed and the relationships between the interregional migration of human capital, regional economic disparities and aggregate economic growth were investigated. In the two regions, human capital was independently accumulated when it migrated from the less-developed region to the developed region in pursuit of higher wage income, generating costs during the migration process. In this study, the effect of human capital accumulation and human capital migration on regional economic equilibrium and the aggregate economic equilibrium was analyzed, result in the following conclusions: (i) human capital accumulation promotes steady growth in both the regional and the aggregate economy; (ii) the migration of human capital to developed regions promotes local economic growth, whereas the migration of human capital from less-developed regions hinders local economic growth; and (iii) the accumulation and interregional migration of human capital lead to expanded regional economic disparities. Therefore, coordinating regional economic development and promoting steady aggregate economic growth are regional economic policy priorities