Abdulaziz B. Shifa
Macroeconomic Dynamics, September 2020
"Trade in Human Capital: A Quantitative Theory of Economic Growth and the Import of Higher Education," written by Assistant Professor of Economics Abdulaziz Shifa, was published in Macroeconomic Dynamics.
For a developing economy transitioning into knowledge-intensive sectors, the lack of capacity for advanced education poses a natural challenge. Many successfully industrialized countries used high-skilled foreign teachers to overcome this challenge.
Shifa presents a stylized quantitative model of trade in high-skilled human capital, in which colleges in a developing country can hire high quality teachers from a developed country. In the model, the use of foreign teachers is proposed as a possible mechanism to build domestic capacity for advanced education.
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