Context. Direct numerical simulations of plasmas have shown that the dynamo effect is efficient even at low Prandtl numbers, i.e., the critical magnetic Reynolds number Rm c that is necessary for a dynamo to be efficient becomes smaller than the hydrodynamic Reynolds number Re when Re → ∞. Aims. We test the conjecture that Rm c tends to a finite value when Re → ∞, and we study the behavior of the dynamo growth factor γ at very low and high magnetic Prandtl numbers. Methods. We use local and nonlocal shell models of magnetohydrodynamic (MHD) turbulence with parameters covering a much wider range of Reynolds numbers than direct numerical simulations, that is of astrophysical relevance. Results. We confirm that Rm c tends to a finite value when Re → ∞. As Rm → ∞, the limit to the dynamo growth factor γ in the kinematic regime follows Re β , and, similarly, the limit for Re → ∞ of γ behaves like Rm β , with β ≈ β ≈ 0.4. Conclusions. Our comparison with a phenomenology based on an intermittent small-scale turbulent dynamo, together with the differences between the growth rates in the different local and nonlocal models, indicate that nonlocal terms contribute weakly to the dynamo effect.