International labour-cum-Capital Migration: Theory, Welfare Implications and Evidence
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 â€œhighâ€ 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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|Date of creation:||1995|
|Date of revision:|
|Contact details of provider:|| Web page: http://www.latrobe.edu.au/economics|
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NBER Historical Working Papers
0041, National Bureau of Economic Research, Inc.
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1995.10, School of Economics, La Trobe University.
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1995.05, School of Economics, La Trobe University.
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