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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

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

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References

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  1. 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.
  2. Harry R Clarke, 1995. "Stubbornly Persistent Factor Migrations with Rapid International Economic Convergence," Working Papers 1995.02, School of Economics, La Trobe University.
  3. 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.
  4. 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.
  5. Harry R Clarke, 1995. "International Populations: Some Welfare Implications of Birth, Death and Migration," Working Papers 1995.05, School of Economics, La Trobe University.
  6. Harry R Clarke & L. Smith, 1995. "Does Capital Chase Labour Internationally?," Working Papers 1995.11, School of Economics, La Trobe University.
  7. 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.
  8. 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.
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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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