Espinosa, Alexandra M. (2006): Dynamics, Welfare and Migration in Open Economies.
Download (67Kb) | Preview
In this work we analyze the importance of dynamics in the determination of the distribution of gains from free trade and migration. Given a transition dynamic, free trade might worsen a country relatively to autarchy. Moreover, some individuals might lose welfare during the transition dynamics. In both case, individuals find incentives to migrating, given the lost in the welfare relatively to the autarchy; given the lost in welfare relatively to another country; or, given the intertemporal lost in welfare. Then, inequalities in the distribution of the benefits from free trade matters. Finally, we find out that population size and specialization in production matters in the determination of the distribution of gains from free trade and migration.
|Item Type:||MPRA Paper|
|Institution:||Public University of Navarre|
|Original Title:||Dynamics, Welfare and Migration in Open Economies|
|Keywords:||Migration; free trade; welfare; transition dynamics|
|Subjects:||J - Labor and Demographic Economics > J6 - Mobility, Unemployment, and Vacancies > J61 - Geographic Labor Mobility; Immigrant Workers
J - Labor and Demographic Economics > J6 - Mobility, Unemployment, and Vacancies
|Depositing User:||Alexandra M. Espinosa|
|Date Deposited:||08. Jan 2007|
|Last Modified:||21. Feb 2013 17:39|
Bhagwati, Jagdish and Richard Brecher (1979), ‘National welfare in an open economy in the presence of foreign–owned factor of production’, Journal of International Economics 10, 103–115.
Brecher, Richard (1982), ‘Optimal police in the presence of licenced technology from abroad’, Journal of Political Economy 90, 1070–1078.
Brecher, Richard and Jagdish Bhagwati (1981), ‘Foreign ownership and the theory of trade and welfare’, Journal of Political Economy 89, 497–511.
Deardorff, Alan and Robert Stern (2004), Globalization’s bystanders: Does globalization hurt countries that do not participate, in ‘Conference on The Impact of Globalization on the World’s Poor’, UNU/WIDER, Helsinki. Finland.
Dixit, Avinash and Victor Norman (1980), Theory of International Trade, Cambridge University Press, London.
Layard, Richard, Olivier Blanchard, Rudiger Dornbusch and Paul Krugman (1992), East–West Migration, MIT Press, Cambridge, Massachusetts.
Stark, Oded and David Bloom (1985), ‘The new economics of labor migration’, American Economic Review 75(Papers and Procedings), 173–178.
WTO, World Trade Organization (2005), Understanding the wto: Basics. the case for open trade. In http://www.wto.org.