A Panel Data Analysis of the Brain Gain

This paper casts the Belgian Great Depression of the 1930s within a dynamic stochastic general equilibrium (DSGE) framework. Results show that a total factor productivity shock within a standard real business cycle model is unsatisfactory. Introducing war expectations in the baseline model produces...

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Bibliographic details
Main Author: Beine, Michel AR
Cecily, DEFOORT
Docquier, Frédéric
Format: Paper
Language: English
Place of publication: 01.08.2007
Related: Université catholique de Louvain, Département des Sciences Economiques
Data of publication: 2007/08/01
Series: Discussion Papers (ECON - Département des Sciences Economiques)
Subjects:
Online Access: available in Bonn?
Database: RePEc IDEAS
RePEc
Database information Databases - DBIS