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Macroeconomics of Migration in New Member States

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Author Info

  • Rudolfs Bems
  • Philip Schellekens

Abstract

This paper examines the macroeconomic impact of migration on income convergence in the EU''s New Member States (NMS). The paper focuses on cross-border mobility of labor and examines the implications for policymakers with the help of a general equilibrium model. It finds that cross-border labor mobility provides ample benefits in terms of faster and smoother convergence. Challenges, however, include containing wage pressures and better mobilizing and utilizing resident labor that does not cross borders.

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Bibliographic Info

Paper provided by International Monetary Fund in its series IMF Working Papers with number 08/264.

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Length: 36
Date of creation: 01 Dec 2008
Date of revision:
Handle: RePEc:imf:imfwpa:08/264

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Related research

Keywords: Migration; Labor mobility; Capital flows; Economic growth; Income; labor flows; labor market; labor force; labor markets; return migration; international migration; net migration; domestic labor markets; labor allocation; migration rates; job vacancy; labor adjustment; labor supply; labor adjustment costs; labor movements; labor market participation; job vacancy rates; labor force participation; international labor mobility; labour; labor market outcomes; gross emigration; migrant inflows; skilled workers; local labor; job vacancies; labor earning; active labor; labor market policies; labor flow; labor demand; labor market flexibility; labor market characteristics; impact of migration; migration flows; average migration; immigration policies; active labor market policies; labor share; job creation; labour mobility; labour market; local labor market; scale of migration; labor shortage;

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References

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  1. Rudolfs Bems & Kristian Jönsson Hartelius, 2006. "Trade Deficits in the Baltic States: How Long Will the Party Last?," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 9(1), pages 179-209, January.
  2. Philip Schellekens & Rudolfs Bems, 2007. "Finance and Convergence," IMF Working Papers 07/244, International Monetary Fund.
  3. Katarzyna Budnik, 2007. "Migration Flows and Labour Market in Poland," National Bank of Poland Working Papers 44, National Bank of Poland, Economic Institute.
  4. Rudolfs Bems, 2008. "Aggregate Investment Expenditures on Tradable and Nontradable Goods," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 11(4), pages 852-883, October.
  5. Josef Schreiner, 2008. "Labor Markets in Central, Eastern and Southeastern European EU Member States: General Trends and Migration Effects," Focus on European Economic Integration, Oesterreichische Nationalbank (Austrian Central Bank), issue 1, pages 82-99.
  6. de Cordoba, Gonzalo Fernandez & Kehoe, Timothy J., 2000. "Capital flows and real exchange rate fluctuations following Spain's entry into the European Community," Journal of International Economics, Elsevier, vol. 51(1), pages 49-78, June.
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Citations

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Cited by:
  1. Martin Cihák & Wim Fonteyne, 2009. "Five Years After," IMF Working Papers 09/68, International Monetary Fund.
  2. Gabriele Tondl & Peter Huber, 2011. "Migration and Regional Convergence in the European Union," ERSA conference papers ersa11p1761, European Regional Science Association.

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