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Immigration, Unemployment and Growth: Empirical Evidence from Greece

Chletsos, Michael and Roupakias, Stelios (2012): Immigration, Unemployment and Growth: Empirical Evidence from Greece.

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Abstract

This paper applies cointegration analysis and Granger non-causality tests in order to identify the direction of causality between migration in Greece and two macroeconomic variables: real per capita GDP and unemployment. We use annual data for the period 1980-2011. The data are drawn from the International Migration Statistics (OECD) and the International Monetary Fund Database (IMF). Our results provide empirical evidence that the growth rates of GDP and unemployment cause migration in Granger’s sense. On the contrary, evidence of reverse causality is not established.

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