By Andrés Artal-Tur, Giovanni Peri, Francisco Requena-Silvente

Though globalisation of the realm economic system is at the moment a robust strength, people’s overseas mobility looks to nonetheless be very restricted. The aim of this e-book is to enhance our wisdom of the real results of migration flows. It comprises contributions by way of trendy educational researchers analysing the socio-economic effect of migration in numerous contexts: interconnection of individuals and exchange flows, motives and results of capital remittances, realizing the macroeconomic impression of migration and the labour industry results of people’s flows. the newest analytical methodologies are hired in all chapters, whereas attention-grabbing coverage guidance emerge from the investigations. the fashion of the amount makes it obtainable for either non-experts and complex readers attracted to this scorching subject of today’s world.

Show description

Read or Download The Socio-Economic Impact of Migration Flows: Effects on Trade, Remittances, Output, and the Labour Market PDF

Best econometrics books

Handbook of Financial Econometrics, Volume 1: Tools and Techniques (Handbooks in Finance)

This choice of unique articles―8 years within the making―shines a vivid gentle on contemporary advances in monetary econometrics. From a survey of mathematical and statistical instruments for figuring out nonlinear Markov approaches to an exploration of the time-series evolution of the risk-return tradeoff for inventory industry funding, famous students Yacine Aït-Sahalia and Lars Peter Hansen benchmark the present kingdom of information whereas members construct a framework for its development.

Modelling Irregularly Spaced Financial Data: Theory and Practice of Dynamic Duration Models

From the experiences of the 1st edition:"This booklet regards monetary element tactics. … invaluable chance and liquidity measures are developed via defining monetary occasions by way of rate and /or the quantity approach. numerous functions are illustrated. " (Klaus Ehemann, Zentralblatt MATH, Vol. 1081, 2006)

Interest-Rate Management

The complexity of latest monetary items in addition to the ever-increasing value of by-product securities for monetary threat and portfolio administration have made mathematical pricing types and entire possibility administration instruments more and more vital. This ebook adresses the wishes of either researchers and practitioners.

Dynamic Programming of Economic Decisions

Dynamic Programming is the research of multistage choice within the sequential mode. it truly is now widely known as a device of serious versatility and gear, and is utilized to an expanding quantity in all stages of financial research, operations examine, expertise, and in addition in mathematical conception itself. In economics and operations study its influence may well sometime rival that of linear programming.

Extra info for The Socio-Economic Impact of Migration Flows: Effects on Trade, Remittances, Output, and the Labour Market

Example text

This assumption would be violated by the existence of unobserved factors that simultaneously affect demographics in the origin countries and short-run changes to economic outcomes at destination. Given that the explanatory variables of our predictors for trade and migration openness are almost identical, separately identifying the roles of the two variables will depend crucially on obtaining meaningful differences between the estimates of τ m m τ τ τ vectors bm ¼ (bm 1 , b2 , . . b7 ) and b ¼ (b1 , b2 , .

Building on Frankel and Romer (1999), we exploit the fact that countries differ in their geographic location and in the demographic trends of their trade partners and migrant-sending countries. This allows us to construct predictions for openness to trade and migration that can be considered exogenous to country-specific unobserved determinants of income growth. Our predictors are based solely on the demographic trends of partner countries and on geography. As long as these variables are not directly causing economic growth in the destination countries our exclusion restriction will be satisfied.

Frankel and Romer (1999) and Alcala´ and Ciccone (2004) analyzed the effects of trade openness on economic growth and aggregate productivity. g. ). Only a few papers have considered openness to trade and migration within the same framework. Specifically, Borjas et al. (1997) used the factor proportions model to evaluate the joint effect of trade and migration on factor prices. More recently, Ottaviano et al. (2013) have analyzed the employment effect of hiring immigrants and off-shoring jobs on native employment in the context of many productive tasks.

Download PDF sample

Rated 4.48 of 5 – based on 13 votes