Name of the Presenting Author:
Abstract Content (not more than 300 word, should include: Introduction, Objective, Methodology, critical findings & Conclusion):
Brain drain refers to the emigration of highly qualified people, including scientists, engineers, doctors and other professionals, from their economically less well-off home countries to developed economies in exploiting higher returns on their human labour. Brain drain has become an increasingly pressing global issue, for both sending and receiving countries. This study aims to identify the determinants of this gigantic phenomenon with an emphasis on factors like natural resources. The empirical analysis covers a wide group of 40 Sub–Saharan African (SSA) countries over the period from 2006 to 2020. The estimation of a basic model using the fixed effect regression model provides evidence suggesting that natural resources increase the brain drain in SSA countries. To deal with the endogeneity issue, we use the Instrumental Variable Generalized Method of Moments (IV-GMM). The results indicate that natural resources encourage brain drains in SSA countries. These results are robust to several alternative specifications. Mediation analysis shows that natural resource leads to brain drain by increasing corruption and deteriorating human capital. Based on these results, some policy recommendations are proposed.
Mobile number of the Presenting Author:
Address & Pincode of the Presenting Author:
Banaras Hindu University, Varanasi-221005, Uttarpradesh
B33/14B-1A(Mainawati Bhawan) c/o-RN Pandey
Gandhi Nagar (extension)