International labour-cum-Capital Migration: Theory, Welfare Implications and Evidence
AbstractAlthough 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 Ã¢â¬ÅhighÃ¢â¬ 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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Bibliographic InfoPaper provided by School of Economics, La Trobe University in its series Working Papers with number 1995.04.
Length: 25 pages
Date of creation: 1995
Date of revision:
MIGRATION; LABOUR MARKET;
Other versions of this item:
- Harry Clarke, 1995. "International labor-cum-capital migrations: Theory, welfare implications, and evidence," Open Economies Review, Springer, vol. 6(4), pages 323-340, October.
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.:
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