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

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Author Info
Harry Clarke

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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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Publisher 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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Related research
Keywords: labor migrations; capital migrations; convergence; economic history;

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References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
  1. Clarke, H.R. & Martin, V.L., 1995. "Does Capital Chase Labour Internationally," Department of Economics - Working Papers Series 447, The University of Melbourne.
    Other versions:
  2. 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.
  3. Clarke, Harry, 1996. "Stubbornly Persistent Factor Migrations with Rapid International Economic Convergence," Australian Economic Papers, Blackwell Publishing, vol. 35(67), pages 236-49, December.
    Other versions:
  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.
    Other versions:
  5. 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. [Downloadable!] (restricted)
  6. Clarke, H., 1995. "International Populations: Some Welafre Implications of Birth, Death and Migration," Papers 95.05, La Trobe - Department of Economics.
  7. Clarke, H. & Smith, L., 1995. "Labour Immigration and Capital Flows: Long-term Australian, Canadian and United States Experience," Papers 95.10, La Trobe - Department of Economics.
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Cited by:
(explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.)

  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. [Downloadable!] (restricted)
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This page was last updated on 2009-12-8.

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