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 “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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|Date of creation:||1995|
|Date of revision:|
|Contact details of provider:|| Web page: http://www.latrobe.edu.au/economics|
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- Clarke, H.R. & Martin, V.L., 1995.
"Does Capital Chase Labour Internationally,"
Department of Economics - Working Papers Series
447, The University of Melbourne.
- repec:ltr:wpaper:1995.05 is not listed on IDEAS
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"Stubbornly Persistent Factor Migrations with Rapid International Economic Convergence,"
Australian Economic Papers,
Wiley Blackwell, vol. 35(67), pages 236-49, December.
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"Labour Immigration and Capital Flows: Long-term Australian, Canadian and United States Experience,"
1995.10, School of Economics, La Trobe University.
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1995.05, School of Economics, La Trobe University.
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NBER Historical Working Papers
0041, National Bureau of Economic Research, Inc.
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- 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.
- Clarke, Harry R, 1994. "The Welfare Effects of Labour Force Growth with Internationally Mobile Capital," Journal of Population Economics, European Society for Population Economics, vol. 7(1), pages 79-98.
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