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International labor-cum-capital migrations: Theory, welfare implications, and evidence

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  • Harry Clarke

Abstract

Although 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 “high” 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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  • Harry Clarke, 1995. "International labor-cum-capital migrations: Theory, welfare implications, and evidence," Open Economies Review, Springer, vol. 6(4), pages 323-340, October.
    • Handle: RePEc:kap:openec:v:6:y:1995:i:4:p:323-340
    DOI: 10.1007/BF01000386
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    References listed on IDEAS

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    1. Clarke, H.R. & Martin, V.L., 1995. "Does Capital Chase Labour Internationally," Department of Economics - Working Papers Series 447, The University of Melbourne.
    2. Clarke, Harry, 1996. "Stubbornly Persistent Factor Migrations with Rapid International Economic Convergence," Australian Economic Papers, Wiley Blackwell, vol. 35(67), pages 236-249, December.
    3. Harry R Clarke, 1995. "International Populations: Some Welfare Implications of Birth, Death and Migration," Working Papers 1995.05, School of Economics, La Trobe University.
    4. Clarke, Harry R, 1994. "The Welfare Effects of Labour Force Growth with Internationally Mobile Capital," Journal of Population Economics, Springer;European Society for Population Economics, vol. 7(1), pages 79-98.
    5. Berry, R Albert & Soligo, Ronald, 1969. "Some Welfare Aspects of International Migration," Journal of Political Economy, University of Chicago Press, vol. 77(5), pages 778-794, Sept./Oct.
    6. G. D. A. MacDougall, 1960. "THE BENEFITS and COSTS OF PRIVATE INVESTMENT FROM ABROAD: A THEORETICAL APPROACH," The Economic Record, The Economic Society of Australia, vol. 36(73), pages 13-35, March.
    7. Harry R Clarke & L. Smith, 1995. "Labour Immigration and Capital Flows: Long-term Australian, Canadian and United States Experience," Working Papers 1995.10, School of Economics, La Trobe University.
    8. Timothy J. Hatton & Jeffrey G. Williamson, 1992. "International Migration and World Development: A Historical Perspective," NBER Historical Working Papers 0041, National Bureau of Economic Research, Inc.
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    Cited by:

    1. Paul Comolli, 2018. "Migration, FDI, and Welfare," Atlantic Economic Journal, Springer;International Atlantic Economic Society, vol. 46(2), pages 179-188, June.
    2. Robert Kohn, 2001. "A Heckscher–Ohlin–Samuelson Model of Immigration and Capital Transfers," Open Economies Review, Springer, vol. 12(4), pages 379-387, October.

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