Prof. Dr. Michel Beine

Michel Beine

Full professor in economics, specialized in international economics

Fakultät oder Zentrum Fakultät für Recht, Wirtschaftswissenschaften und Finanzwirtschaft
Department Fachbereich Wirtschaftswissenschaften
Postadresse Campus Kirchberg, Université du Luxembourg
6, rue Richard Coudenhove-Kalergi
L-1359 Luxembourg
Büroadresse G 013
Telefon (+352) 46 66 44 6752
Fax (+352) 46 66 44 6341
Soziale Medien & Blogs

Research Interests 

International Finance, International Macroeconomics


Michel Beine has been Full Professor in International Economics at the University of Luxembourg since September 2005.

He graduated in Economics at the University of Namur, Belgium (1991) and got a PhD in Economics at the Université Libre de Bruxelles (1997). His PhD thesis studied the desirability of the European Monetary Union.

He has been a researcher at the Service d’Etudes et de Statistiques of the Walloon region, during which time he specialized in economic forecasting.
After his thesis, he lectured at the University of Lille II (France) until his arrival at the University of Luxembourg. Since 2000, he has also taught Monetary Theory at the Université Libre de Bruxelles.
Michel Beine made scientific visits to several places, including the University of Ottawa (Canada), the University of Munich (Germany) or the World bank.

Please visit his personal homepages:

Last updated on: Montag, den 04. September 2017

CV_Michel Beine


  • June 1991 : Master in Economics, University of Namur, Belgium
  • Master Thesis : Impact of Fiscal Policy on the Current Account: Theory and Evidence
  • September 1997 : Phd in Economics, University of Brussels, Belgium
  • Phd Thesis : EMU in Europe : Lessons from the Theory of Optimum Currency Areas


  • Full professor, International Economics, University of Luxembourg
  • Research fellow: IRES (Université Catholique de Louvain), CES ifo (Munich, Germany) and CREAM (UCL, London)

Fields of interest

  • International finance: exchange rates; financial integration
  • International Economics: international migration, trade integration, diaspora externalities.


  • Winner of the 1991 prize of the Royal Belgian Society of Political Economy for the best Masters thesis entitled "L'impact de la politique budgetaire sur la balance courante: théorie et évidence empirique"
  • Top 1 2001 requested paper of the Journal of Development Economics (joint with F. Docquier and H. Rapoport) 
  • Winner of the 2002 Milken Institute Award for Distinguished Economic Research for the following paper "Brain drain and economic growth in LDC's: who loses and who wins?" (joint with F. Docquier and H. Rapoport)

Last updated on: 10 Okt 2017


  • International Economics , University of Luxembourg, Bachelor 3
  • Econometrics 2, University of Luxembourg, Master 2
  • Research seminar in Economics,  University of Luxembourg, Master 1
  • Econometrics 1, Université Aix-Marseille, Master 1
  • The Economics of International Migration, University of Southampton, Phd



  • Econometrics 1, University of Luxembourg, Master 1
  • International Finance, University of Luxembourg, Master 1
  • International Economics, University of Luxembourg, Bachelor 3


  • The Economics of Monetary Union, University of Paris 1, Research Master

Last updated on: 04 Sep 2014

Recently Published papers  (Since 2011)

  1. Does the Canadian Economy Suffer from Dutch Disease? joint with C. S. Bos and S. Coulombe, Resource and Energy Economics, 2012, 34 (4), pp 468-492
    Available here:
  2. Financial Integration and Remittances, joint with E. Lodigiani and R. Vermeulen. Forthcoming in Regional Science and Urban Economics
    A digest in Dutch is available here :
  3. Network Effect in International Migration: Does Education Matter More than Gender?, joint with Sara Salomone, Forthcoming in the Scandinavian Journal of Economics
  4. A Panel Data Analysis of the Brain Gain, joint with F. Docquier and C. Defoort, World Development, 2011, 39(4), pp 523-532.
  5. Diasporas, joint with F. Docquier and C. Ozden, Journal of Development Economics, 2011, 95, 30-41 . 
  6. Integration and Stock Market Comovement between Emerging Economies, joint with B. Candelon, Quantitative Finance, 2011, 11(2) 299-312.

Complete list on



  • Croissance et convergence économiques des régions: Théorie, faits et déterminants, M. BEINE et Fr. DOCQUIER, Editions De Boeck

Last updated on: 01 Jun 2018

His main research interests focus on International Economics, both on its financial and real aspects. One central area of interest is the issue of the brain drain from developing countries to developed countries, and its welfare aspects. Generally speaking, his work looks at the determinants and the impact of international migration.
His work was presented in many research seminars and international conferences. Part of his work has been published in international journals such as Journal of International Money and Finance, Journal of Banking and Finance, European Economic Review, Journal of Development Economics Journal of Regional Science or Economic Journal. Michel Beine is also associate editor of “International Economics” . He has worked as a consultant for various institutions such as the World Bank, Industry Canada, the Banque de France , the Economic Research Forum or the Walloon Region (Belgium).

Last updated on: 04 Sep 2014


International Migration

  • International Migration, Transfers of Norms and Home Country Fertility, joint with F. Docquier and M. Schiff, revised February 2012
  • Dissecting Network Externalities in International Migration, joint with F. Docquier and C. Ozden, revised January 2012
  • The Determinants of International Mobility of Students, joint with L. Ragot and R. Noël New version
  • Dutch Disease and the Mitigation Effect of Migration : Evidence from Canadian provinces, joint with S. Coulombe and W. Vermeulen
  • Skilled Migration and the Transfer of Institutional Norms, joint with K. Sekkat
  • Climatic factors as determinants of International Migration, joint with Chris Parsons, CES IFO Working paper no. 3747

Last updated on: 15 Mai 2012

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Full Text
See detailGenetic Diversity and Performance: Evidence From Football Data
Zanaj, Skerdilajda; Beine, Michel; Peracchi, Silvia

E-print/Working paper (2021)

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See detailThe solution of the immigrant paradox: aspirations and expectations of children of migrants
Beine, Michel; Montes Vinas, Ana Cecilia; Zanaj, Skerdilajda

E-print/Working paper (2020)

See detailCOVID-19 Crisis Management in Luxembourg: Insights from an Epidemionomic Approach
burzynski, Michal; Machado, Joel; Aalto, Atte; Beine, Michel; Haas, Tom; Kemp, Francoise; Magni, Stefano; Mombaerts, Laurent; Picard, Pierre M; Proverbio, Daniele; Skupin, Alexander; Docquier, Frédéric

E-print/Working paper (2020)

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See detailImmmigration and Internal Mobility in Canada
Beine, Michel; Coulombe, Serge

in Journal of Population economics (2018), 31(1), 69-106

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See detailThe Role of Tuition Fees in Foreign Education: Evidence from Ital
Beine, Michel; Delogu, Marco; Ragot, Lionel

in Journal of Economic Geography (2018)

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See detailAggregate Fluctuations and International Migration
Beine, Michel; Bricongne, Jean-Charles; Bourgeon, Pauline

in Scandinavian Journal of Economics (2017)

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See detailClimatic factors as Determinants of Migration: Redux
Beine, Michel; Parsons, Christopher

in CESifo Economic Studies (2017), 63(4), 385-402

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See detailThe role of networks for migration flows: an update
Beine, Michel

in International Journal of manpower (2016), 37(7), 1154-1171

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See detailMoving Parts: Immigration Policy, Internal Migration and Natural resource Shocks
Coulombe, Serge; Boadway, Robin; Beine, Michel

in CD Howe Institute Commentary (2016), (446),

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See detailMeasuring Immigration Policies: Preliminary Evidence from IMPALA
Beine, Michel; Burgoon, Brian; Crock, Mary; Rapoport, Hillel; McGovern, Patrick; Gest, Justin; Hiscox, Micheal; Tielemann, Eiko

in CESifo Economic Studies (2015), 61(3/4),

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See detailDutch Disease and The Mitigation Effect of Migration: Evidence from Canadian Provinces
Beine, Michel; Coulombe, Serge; Vermeulen, Wessel

in Economic Journal (2015), 152(589), 1574-1615

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See detailDissecting Network externalities in International Migration
Beine, Michel; Docquier, Frederic; Ozden, Caglar

in Journal of Demographic Economics (2015), 81(4), 379-408

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See detailClimatic Factors as Determinants of International Migration
Beine, Michel; Parsons, Christopher

in Scandinavian Journal of Economics (2015), 117(2), 723-767

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See detailThe determinants of International Mobility of Students
Ragot, Lionel; Noel, Romain; Beine, Michel

in Economics of Education Review (2014), 41(C), 40-54

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See detailInternational migration, transfer of norms and home country fertility
Beine, Michel; Docquier, Frédéric; Schiff, Maurice

in Canadian Journal of Economics (2013), 46(4), 1406-1430

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See detailNetwork Effect in International Migration: Does Education Matter More than Gender?
Beine, Michel; Salomone, Sara

in Scandinavian Journal of Economics (2013), 115(2), 354-380

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See detailSkilled migration and the transfer of institutional norms
Beine, Michel; Sekkat, Khalid

in IZA : Journal of Migration (2013), 2(9), 2-19

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See detailDoes the Canadian economy suffer from Dutch disease?
Beine, Michel; Bos, Charles S.; Coulombe, Serge

in Resource and Energy Economics (2012), 34(4), 468-492

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See detailFinancial Integration and Remittances
Beine, Michel; Lodigiani, Elisabetta; Vermeulen, Robert John Gerard

in Regional Science & Urban Economics (2012), 42(5),

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See detailIntegration and Stock Market Co-Movement between Emerging Economies
Beine, Michel; Candelon, Bertrand

in Quantitative Finance (2011), 11(2), 299-312

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See detailA Panel Data Analysis of the Brain Gain
Beine, Michel; Defoort, Cécily; Docquier, Frederic

in World Development Forum (2011), 39(4)

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See detailA panel data analysis of the Brain drain
Beine, Michel; Docquier, Frédéric; Defoort, cécily

in World Development : The Multi-Disciplinary International Journal Devoted to the Study and Promotion of World Development (2011), 39(4),

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See detailDiasporas
Beine, Michel; Docquier, Frederic; Ozden, Caglar

in Journal of Development Economics (2011), 95

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See detailOn the Robustness of Brain Drain Estimates
Beine, Michel; Docquier, Frédéric; Rapoport, Hillel

in Annales d'Economie et de Statistique (2010), 97

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See detailThe Dark side of global integration: increasing tail dependance
Cosma, Antonio; Beine, Michel; Vermeulen, Robert John Gerard

in Journal of Banking and Finance (2010), 34(1), 184-192

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See detailBrain Drain and LCD's Growth: Winners and Losers
Beine, Michel; Docquier, Frédéric; Rapoport, Hillel

in Economic Journal (2008), 118

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See detailThe impact of central bank intervention on exchange-rate forecast heterogeneity
Beine, Michel; Bénassy, A.; Mac Donald, R.

in Journal of the Japanese & International Economies (2007), 21(1), 38-63

See detailDo Central Bank Interventions increase exchange rate forecasts heterogeneity? New evidence from survey data
Beine, Michel; Bénassy, A.; Mc Donald, R.

in Journal of the Japanese & International Economies (2007), 21(1), 38-65

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See detailThe Impact of Central Bank FX Interventions on Currency Components
Beine, Michel; Bos, Charles; Laurent, Sébastien

in Journal of Financial Econometrics (2007), 5(1), 154-183

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See detailEconomic Integration and the Diversification of Regional Exports: Evidence from the Canadian-US Free Trade Agreement
Beine, Michel; Coulombe, Serge

in Journal of Economic Geography (2007), 7(1), 93-111

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See detailBrain Drain and LDC's Growth: winners and losers
Beine, Michel; Docquier, Frédéric; Rapoport, Hillel

in Economic Journal (2007), 118

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See detailMeasuring International Skilled Migration: A New Database Controlling for Age of Entry
Beine, Michel; Docquier, Frédéric; Rapoport, Hillel

in World Bank Economic Review (2007), 21(2), 249-254

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See detailCentral Bank Intervention and Exchange Rate Volatility, Its Continuous and Jump Components
Beine, Michel; Lahaye, Jérôme; Neely, Christopher J.; Palm, Franz C.; Laurent, Sébastien

in International Journal of Finance and Economics (2007), 12(2), 201-223

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See detailSize Matters: Central Bank Interventions on the Yen/Dollar Exchange Rate
Beine, Michel; Szafarz, Ariane

in Cahiers Economiques de Bruxelles (2007), 49(1), 5-36

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See detailWhy do central bank intervene secretly? Preliminary evidence from the BoJ
Beine, Michel; Bernal, Oscar

in Journal of International Financial Markets, Institutions & Money (2006), 17(3), 291-306

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