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Migration, trade, and development: an overview

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Abstract

Simple, neoclassical economic models predict that prices should drive factors such as labor and capital across regions and countries toward their most valuable use. As this happens, developing countries, which are typically labor-rich and capital-scarce, should experience more rapid growth, higher income, and eventually convergence to industrial world levels of well-being. This process is happening slowly in some cases, but in other cases not at all. Do migration and trade speed this convergence? If so, how? If not, why?

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  • James F. Hollifield & Pia M. Orrenius & Thomas Osang, 2006. "Migration, trade, and development: an overview," Proceedings, Federal Reserve Bank of Dallas, pages 3-8.
    • Handle: RePEc:fip:feddpr:y:2006:p:3-8
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    File URL: https://www.dallasfed.org/-/media/Documents/research/pubs/migration/intro.pdf
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    Citations

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    Cited by:

    1. Magnusson, Kristin, 2009. "The Impact of U.S. Regional Business Cycles on Remittances to Latin America," SSE/EFI Working Paper Series in Economics and Finance 710, Stockholm School of Economics.
    2. Slobodan Djajić & Michael S. Michael, 2013. "Guest worker programs: A theoretical analysis of welfare of the host and source countries," The Journal of International Trade & Economic Development, Taylor & Francis Journals, vol. 22(3), pages 454-475, April.
    3. Joris Schapendonk, 2013. "From Transit Migrants to Trading Migrants: Development Opportunities for Nigerians in the Transnational Trade Sector of Istanbul," Sustainability, MDPI, vol. 5(7), pages 1-18, June.

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