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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;

This paper has been announced in the following NEP Reports:

References

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  1. Bems, Rudolfs & Jönsson, Kristian, 2005. "Trade Deficits in the Baltic States: How Long Will the Party Last?," Working Paper Series 186, Sveriges Riksbank (Central Bank of Sweden).
  2. Philip Schellekens & Rudolfs Bems, 2007. "Finance and Convergence: What's Ahead for Emerging Europe?," IMF Working Papers 07/244, International Monetary Fund.
  3. 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.
  4. Katarzyna Budnik, 2007. "Migration Flows and Labour Market in Poland," National Bank of Poland Working Papers 44, National Bank of Poland, Economic Institute.
  5. 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.
  6. Schreiner, Josef, 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.
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Citations

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Cited by:
  1. Peter Huber & Gabriele Tondl, 2012. "Migration and Regional Convergence in the European Union," WIFO Working Papers 419, WIFO.
  2. Martin Cihák & Wim Fonteyne, 2009. "Five Years After: European Union Membership and Macro-Financial Stability in the New Member States," IMF Working Papers 09/68, International Monetary Fund.

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