01905cas a2200241 a 4500 AALejournalIMF003866 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451862850 1018-5941 BD-DhAAL BD-DhAAL Mishra, Prachi. Emigration and Brain Drain : Evidence From the Caribbean / Prachi Mishra. Washington, D.C. : International Monetary Fund, 2006. 1 online resource (39 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This paper quantifies the magnitude and nature of migration flows from the Caribbean and estimates their costs and benefits. The Caribbean countries have lost 10-40 percent of their labor force due to emigration to OECD member countries. The migration rates are particularly striking for the highskilled. Many countries have lost more than 70 percent of their labor force with more than 12 years of completed schooling-among the highest emigration rates in the world. The region is also the world's largest recipient of remittances as a percent of GDP. Remittances constituted about 13 percent of the region's GDP in 2002. Simple welfare calculations suggest that the losses due to high-skill migration (ceteris paribus) outweigh the official remittances to the Caribbean region. The results suggest that there is indeed some evidence for brain drain from the Caribbean. Mode of access: Internet IMF Working Papers; Working Paper ; No. 2006/025 Full text available on IMF http://elibrary.imf.org/view/journals/001/2006/025/001.2006.issue-025-en.xml IMF e-Library