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International labour-cum-Capital Migration: Theory, Welfare Implications and Evidence

  • Harry R Clarke

    (Department of Economics and Finance, La Trobe University)

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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Paper provided by School of Economics, La Trobe University in its series Working Papers with number 1995.04.

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Length: 25 pages
Date of creation: 1995
Date of revision:
Handle: RePEc:ltr:wpaper:1995.04
Contact details of provider: Web page: http://www.latrobe.edu.au/economics
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  1. 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, 03.
  2. Berry, R Albert & Soligo, Ronald, 1969. "Some Welfare Aspects of International Migration," Journal of Political Economy, University of Chicago Press, vol. 77(5), pages 778-94, Sept./Oct.
  3. Clarke, Harry, 1996. "Stubbornly Persistent Factor Migrations with Rapid International Economic Convergence," Australian Economic Papers, Wiley Blackwell, vol. 35(67), pages 236-49, December.
  4. repec:ltr:wpaper:1995.05 is not listed on IDEAS
  5. Clarke, Harry R, 1994. "The Welfare Effects of Labour Force Growth with Internationally Mobile Capital," Journal of Population Economics, Springer, vol. 7(1), pages 79-98.
  6. Clarke, H.R. & Martin, V.L., 1995. "Does Capital Chase Labour Internationally," Department of Economics - Working Papers Series 447, The University of Melbourne.
  7. repec:ltr:wpaper:1995.10 is not listed on IDEAS
  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.
  9. 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.
  10. Harry R Clarke, 1995. "International Populations: Some Welfare Implications of Birth, Death and Migration," Working Papers 1995.05, School of Economics, La Trobe University.
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