Migration and FDI: Reconciling the standard ...
Type de document :
Compte-rendu et recension critique d'ouvrage
Titre :
Migration and FDI: Reconciling the standard trade theory with empirical evidence
Auteur(s) :
Jayet, Hubert [Auteur]
Lille économie management - UMR 9221 [LEM]
Marchal, Léa [Auteur]
Institut de Biologie du Développement de Marseille [IBDM]

Lille économie management - UMR 9221 [LEM]
Marchal, Léa [Auteur]
Institut de Biologie du Développement de Marseille [IBDM]
Titre de la revue :
Economic Modelling
Pagination :
46--66
Éditeur :
Elsevier
Date de publication :
2016-12
ISSN :
0264-9993
Mot(s)-clé(s) en anglais :
Capital flows
Migration
Skills
Standard trade theory
Migration
Skills
Standard trade theory
Discipline(s) HAL :
Sciences de l'Homme et Société/Economies et finances
Résumé en anglais : [en]
This article focuses on an apparent conflict between the standard trade theory and available empirical evidence on factor flows. Theoretically, labor and capital flows must be substitutes. However, empirical papers find ...
Lire la suite >This article focuses on an apparent conflict between the standard trade theory and available empirical evidence on factor flows. Theoretically, labor and capital flows must be substitutes. However, empirical papers find migration and FDI to be either substitutes or complements, depending upon the skill content of migration. To reconcile the standard theory with these empirical results, we develop a two-country general equilibrium model. We consider three factors – capital, unskilled and skilled labor – and two internationally traded goods. Countries only differ in their factor endowments. The first country is a developing country amply endowed with unskilled labor; the second one is a developed country well endowed with skilled labor. Under imperfect factor mobility, we find that capital and unskilled labor flows are substitutes, while capital and skilled labor flows are complements.Lire moins >
Lire la suite >This article focuses on an apparent conflict between the standard trade theory and available empirical evidence on factor flows. Theoretically, labor and capital flows must be substitutes. However, empirical papers find migration and FDI to be either substitutes or complements, depending upon the skill content of migration. To reconcile the standard theory with these empirical results, we develop a two-country general equilibrium model. We consider three factors – capital, unskilled and skilled labor – and two internationally traded goods. Countries only differ in their factor endowments. The first country is a developing country amply endowed with unskilled labor; the second one is a developed country well endowed with skilled labor. Under imperfect factor mobility, we find that capital and unskilled labor flows are substitutes, while capital and skilled labor flows are complements.Lire moins >
Langue :
Anglais
Vulgarisation :
Non
Collections :
Source :
Fichiers
- https://www.econstor.eu/bitstream/10419/140903/1/859630714.pdf
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- https://www.econstor.eu/bitstream/10419/140903/1/859630714.pdf
- Accès libre
- Accéder au document