Chletsos, Michael and Roupakias, Stelios (2012): Immigration, Unemployment and Growth: Empirical Evidence from Greece.
Download (271kB) | Preview
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: GDP and unemployment. We use annual data for the 1980-2011 period. 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.
|Item Type:||MPRA Paper|
|Original Title:||Immigration, Unemployment and Growth: Empirical Evidence from Greece|
|Keywords:||Immigration; Unemployment; Growth|
|Subjects:||E - Macroeconomics and Monetary Economics > E2 - Consumption, Saving, Production, Investment, Labor Markets, and Informal Economy > E24 - Employment ; Unemployment ; Wages ; Intergenerational Income Distribution ; Aggregate Human Capital ; Aggregate Labor Productivity
O - Economic Development, Innovation, Technological Change, and Growth > O1 - Economic Development > O10 - General
J - Labor and Demographic Economics > J6 - Mobility, Unemployment, Vacancies, and Immigrant Workers > J61 - Geographic Labor Mobility ; Immigrant Workers
|Depositing User:||Stelios Roupakias|
|Date Deposited:||05 Jul 2012 18:34|
|Last Modified:||25 Jan 2016 18:46|
Altonji JG and Card D (1991) The Effects of Immigration on the Labor Market Outcomes of Less-skilled Natives, in Immigration , Trade and Labor, edited by JM Abowd and RB Freeman, University of Chicago Press.
Barro, RJ and Sala-i-Martin, X (2004). Economic Growth, 2nd Edition, The MIT Press.
Bodvarsson OB, Van den Berg HF and Lewer JJ (2008) Measuring Immigration's Effects on Labor Demand: A Reexamination of the Mariel Boatlift, Labour Economics 15 560-574.
Borjas JG (1994) The Economics of Immigration, Journal of Economic Literature, 22 1667-1717.
Borjas, JG (1995). The Economic Benefits from Immigration, Journal of Economic Perspectives, 9 3-22.
Borjas, GJ (1999). The economic analysis of immigration Handbook of Labor Economics, in: O. Ashenfelter & D. Card (eds.), Handbook of Labor Economics, volume 3, chapter 28, pages 1697-1760.
Borjas GJ (2003) The Labor Demand Curve Is Downward Sloping: Reexamining the Impact of Immigration on the Labor Market, Quarterly Journal of Economics 118 1335-1374.
Boubtane, E, Coulibaly, D and Rault, C (2011). Immigration, Unemployment and Growth in the Host Country: Bootstrap Panel Granger Causality Analysis on OECD Countries, IZA Discussion Papers 5853.
Brücker H and Schröder PJ (2012) International Migration With Heterogeneous Agents: Theory and Evidence for Germany, 1967–2009, The World Economy, 35 152-182.
Card D (1990) The impact of the Mariel boatlift on the Miami labor market, Industrial and Labor Relations Review 43 245-257.
Cholezas I and Tsakloglou P (2008) The Economic Impact of Immigration in Greece: Taking Stock of the Existence Evidence, IZA DP No. 3754.
Dolado, JJ, Goria, A and Ichino, A (1994). Immigration, Human Capital and Growth in the Host Country: Evidence from Pooled Country Data, Journal of Population Economics, 7, 193-215
Dustmann C, Fabbri, F and Preston I (2005) The Impact of Immigration on the British Labor Market, The Economic Journal, 115, F324-F341.
Feridun, M (2004). Does Immigration Have an Impact on Economic Development and Unemployment? Empirical evidence from Finland (1981 – 2001), International Journal of Applied Econometrics and Quantitative Studies, 1, 39-60.
Friedberg RM and Hunt J (1995) The Impact of Immigrants on Host Country Wages, Employment and Growth, The Journal of Economic Perspectives 9 23-44.
Fuest, C and Thum, M (2000). Welfare effects of immigration in a dual labor market, Regional Science and Urban Economics, 30 551-563.
Gaston N and Nelson D (2000) Immigration and Labour-Market Outcomes in the United States: A Political-Economy Puzzle, Oxford Review of Economic Policy, Oxford University Press, 16104-14.
Gonzalez-Gomez, M and Giraldez, O (2011). The Causality between Economic Growth and Immigration in Germany and Switzerland, The Economic and Social Review, 42, 271-287.
Granger, C (1969) Investigating Causal Relations by Econometric Models and Cross-Spectral Methods, Econometrica, 37, 424-438.
Granger, C (1988) Some Recent Developments in a Concept of Causality, Journal of Econometrics, 39 199-211.
Gregory, AW and Hansen, BE (1996) Residual-based tests for cointegration in models with regime shifts, Journal of Econometrics, 70 99-126
Grossman JB (1982) The substitutability of natives and immigrants in production. Review of Economics and Statistics 64 596-603
Johansen S (1988) Statistical analysis of cointegration vectors, Journal of Economic Dynamics and Control, 12 231-254.
Johansen, S and Juselius, K (1990). Maximum Likelihood Estimation and Inference on Cointegration With Applications to the Demand for the Money, Oxford Bulletin of Economics and Statistics, 52, 169-210.
Jones, CI (1998). Introduction to Economic Growth, Norton, New York.
Kemnitz, A (2001). Endogenous growth and the gains from immigration, Economics Letters, 72, 215-218.
Konya, L (2006). Exports and growth: Granger causality analysis on OECD Countries with a panel data approach, Economic Modeling 23, 978 - 992.
Marr, WL and Siklos, PL (1994). The link between immigration and unemployment in Canada Journal, of Policy Modeling, 16, 1 - 26.
Morley, B (2006). Causality between Economic Growth and Immigration: An ARDL Bounds Testing Approach, Economics Letters, 90, 72 – 76.
Okkerse L (2008) How to Measure Labour Market Effects of Immigration: A Review, Journal of Economic Studies 22 1-30.
Pesaran, MH. and Shin, Y (1999) An Autoregressive Distributed Lag Modelling Approach Cointegration Analysis in S. Strom, (ed) Econometrics and Economic Theory in the 20Century: The Ragnar Frisch Centennial Symposium, Cambridge: Cambridge University Press.
Pesaran, MH, Shin, Y and Smith, R (2001). Bounds Testing Approaches to the Analysis of Level Relationships, Journal of Applied Econometrics, 16, 289-326.
Phillips, P (1986) Understanding spurious regressions in econometrics, Journal of Econometrics, 33 311-340.
Phillips, P and Perron, P (1988). Testing for a unit root in time series regression, Biometrica, 75, 335–346.
Pischke J and Velling J (1997) Employment effects of immigration to Germany: an empirical analysis based on local labor markets, Review of Economic and Statistics, 79 594-604.
Schmidt, CM, Stilz, A and Zimmermann, KF (1994). Mass migration, unions, and government intervention Journal of Public Economics, 55, 185-201.
Trefler, D (1997). Immigrants and Natives in General Equilibrium Trade Models, NBER Working Papers 6209, National Bureau of Economic Research.
Zimmermann KF (1996) European Migration: Push and Pull, International Regional Science Review 19 95-128.
Withers, G and Pope, D (1993). Do migrants rob jobs? Lessons of Australian history, 1861 - 1991, Journal of Economic History, 53, 719 - 42.
Zivot, E and Andrews, DWK (1992). Further Evidence on the Great Crash, the Oil Price Shock, and the Unit Root Hypothesis, Journal of Business and Economic Statistics 10, 251-270.
Available Versions of this Item
- Immigration, Unemployment and Growth: Empirical Evidence from Greece. (deposited 05 Jul 2012 18:34) [Currently Displayed]