Economic impact of migration flows following the 2004 EU enlargement process - A model based analysis
AbstractThis paper shows that the migration-induced re-allocation of labour resources across countries following the 2004 EU enlargement process has already brought sizeable economic benefits for the enlarged EU. In addition, the simulation results suggest that once the present temporary restrictions on the flow of EU10 workers come to an end and the long-run migration potential of around 3 million is eventually realised, the economic gains may easily match those from a further integration of the EU's goods and capital markets. At the level of the individual "sending" and "receiving" countries, the overall economic impact of migration is essentially determined by the speed of adjustment of labour and capital; by the skill characteristics of the migrant and native populations; and by the actual size of the migration flows.
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Bibliographic InfoPaper provided by Directorate General Economic and Monetary Affairs (DG ECFIN), European Commission in its series European Economy - Economic Papers with number 349.
Length: 32 pages
Date of creation: Nov 2008
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growth; migration; European Union; Economic impact of migration flows following the 2004 EU enlargement process; A model based analysis; D'Auria; Mc Morrow; Pichelmann;
Find related papers by JEL classification:
- D24 - Microeconomics - - Production and Organizations - - - Production; Cost; Capital; Capital, Total Factor, and Multifactor Productivity; Capacity
- F22 - International Economics - - International Factor Movements and International Business - - - International Migration
- O41 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - One, Two, and Multisector Growth Models
- O52 - Economic Development, Technological Change, and Growth - - Economywide Country Studies - - - Europe
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