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International labor-cum-capital migrations: Theory, welfare implications, and evidence

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  • Harry Clarke

Abstract

Although capital is often portrayed as being more internationally mobile than labor, the theory of labor migrations typically ignores capital flows. Economic historians provide long-term evidence suggesting close linkages between capital and labor movements for “high†labor immigration/emigration economies. Analyzing this linkage shows that labor-cum-capital migrations have distinctive economic effects compared to labor migrations alone. These distinctive effects impact on international economic economic convergence. GNP per head is invariably a poor indicator of development trends when labor (with or without capital) migrates. Copyright Kluwer Academic Publishers 1995

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File URL: http://hdl.handle.net/10.1007/BF01000386
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Bibliographic Info

Article provided by Springer in its journal Open Economies Review.

Volume (Year): 6 (1995)
Issue (Month): 4 (October)
Pages: 323-340

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Handle: RePEc:kap:openec:v:6:y:1995:i:4:p:323-340

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Web page: http://www.springerlink.com/link.asp?id=100323

Related research

Keywords: labor migrations; capital migrations; convergence; economic history;

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References

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  1. Harry R Clarke & L. Smith, 1995. "Does Capital Chase Labour Internationally?," Working Papers 1995.11, School of Economics, La Trobe University.
  2. Clarke, Harry, 1996. "Stubbornly Persistent Factor Migrations with Rapid International Economic Convergence," Australian Economic Papers, Wiley Blackwell, vol. 35(67), pages 236-49, December.
  3. Harry R Clarke, 1995. "International Populations: Some Welfare Implications of Birth, Death and Migration," Working Papers 1995.05, School of Economics, La Trobe University.
  4. Williamson, J.G. & Hatton, J.T., 1992. "International Migration and World Development: A Historical Perspective," Harvard Institute of Economic Research Working Papers 1606, Harvard - Institute of Economic Research.
  5. Clarke, Harry R, 1994. "The Welfare Effects of Labour Force Growth with Internationally Mobile Capital," Journal of Population Economics, Springer, vol. 7(1), pages 79-98.
  6. Berry, R Albert & Soligo, Ronald, 1969. "Some Welfare Aspects of International Migration," Journal of Political Economy, University of Chicago Press, vol. 77(5), pages 778-94, Sept./Oct.
  7. G. D. A. MacDougall, 1960. "THE BENEFITS and COSTS OF PRIVATE INVESTMENT FROM ABROAD: A THEORETICAL APPROACH," The Economic Record, The Economic Society of Australia, vol. 36(73), pages 13-35, 03.
  8. Harry R Clarke & L. Smith, 1995. "Labour Immigration and Capital Flows: Long-term Australian, Canadian and United States Experience," Working Papers 1995.10, School of Economics, La Trobe University.
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Cited by:
  1. Robert Kohn, 2001. "A Heckscher–Ohlin–Samuelson Model of Immigration and Capital Transfers," Open Economies Review, Springer, vol. 12(4), pages 379-387, October.

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