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

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  • Harry R Clarke

    (Department of Economics and Finance, La Trobe University)

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
(This abstract was borrowed from another version of this item.)

Suggested Citation

  • Harry R Clarke, 1995. "International labour-cum-Capital Migration: Theory, Welfare Implications and Evidence," Working Papers 1995.04, School of Economics, La Trobe University.
    • Handle: RePEc:ltr:wpaper:1995.04
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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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