Authors: Haider Mahmood
Addresses: Department of Finance, College of Business Administration, Prince Sattam bin Abdulaziz University, 165 Alkharj 11942, Saudi Arabia
Abstract: This paper investigates the determinants of brain drain in Pakistan. Brain drain is a burning issue of today in Pakistan, as it augments the major depletion of human capital stock in the country. To explore the determinants of brain drain, we use three types of brains drain: highly qualified migrants, highly skilled migrants and skilled migrants. The empirical results exhibit that GDP per employed labour is reducing the all types of brain drain in the long run, whereas higher education, globalisation, GDP per capita volatility and inflation volatility are increasing brain drain. Further, political rights are increasing the high skilled migrants only. This study suggests the policy makers in the government of the country to take concrete steps like the absorption of skilled and qualified labour at appropriate places with competitive wages and political rights should be ensured to stop the brain drain from Pakistan.
Keywords: brain drain; higher education; globalisation.
International Journal of Business and Globalisation, 2019 Vol.22 No.2, pp.279 - 294
Received: 10 Mar 2017
Accepted: 20 Aug 2017
Published online: 02 Apr 2019 *