Abstract
In 2007, the Republic of Ecuador introduced a new scholarship program for financing Ecuadorian students intending to study abroad. This program still exists and stipulates a compulsory return to the students’ home country after completing their studies abroad. Statistical data shows a return rate of about 90%, which is somewhat surprising at first glance. This paper aims to introduce the Ecuadorian scholarship program as a case study in the literature of financing systems of students’ mobility in higher education, while attempting to give a first analysis of its mechanism design. JEL Codes: F22, H52, I23 Keywords: brain drain, financing systems of students’ mobility, higher education, students’ mobility, developing countries
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