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

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Length: 36 pages
Date of creation: 04 Dec 2008
Date of revision:
Handle: RePEc:imf:imfwpa:08/264

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Related research
Keywords: Migration ; Labor mobility ; European Economic and Monetary Union ; Wages ; Capital flows ; Economic growth ; Income ;

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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. 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. [Downloadable!] (restricted)
  2. 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. [Downloadable!] (restricted)
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  3. Rudolfs Bems & Philip Schellekens, 2007. "Finance and Convergence: What's Ahead for Emerging Europe?," IMF Working Papers 07/244, International Monetary Fund. [Downloadable!]
  4. Rudolfs Bems, 2008. "Aggregate Investment Expenditures on Tradable and Nontradable Goods," IMF Working Papers 08/45, International Monetary Fund. [Downloadable!]
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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. 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. [Downloadable!]
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This page was last updated on 2009-12-17.

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