International Factor Mobility, Wages and Prices

Podrecca, Elena; Rossini, Gianpaolo

doi:10.1111/rode.12159

Cited by 3 publications

(3 citation statements)

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“…This work did not focus in detail on the structure of causal links between the variables examined. Nevertheless, a consolidated practice in the literature allows us to draw some important indications from our empirical analysis (Cavallo et al 2015;Guidotti et al 2004;Podrecca/ Rossini 2015;Reinhart/Reinhart 2008). Indeed, by proposing a fixed-effect approach and an event-study approach for the analysis of 'extreme' episodes of net capital outflows and net migrant inflows in OECD countries between 1970 and 2017, this paper shows that growth and functional distribution of income have a null or even positive statistical relationship with immigration, while they have a largely negative statistical relationship with capital flights.…”

Section: Discussionmentioning

confidence: 99%

“…Here, the scope is limited to noticing that there is a clear lack of studies comparing directly the macroeconomic trends associated with capital movements and with migratory movements. 1 The only exception is represented by Podrecca/Rossini (2015). These authors show that both migrant inflows and capital 1.…”

Section: Migrant Flows and Capital Flows Management Policies In Oecd ...mentioning

confidence: 97%

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Migrant inflows, capital outflows, growth and distribution: should we control capital rather than immigration?

Brancaccio

Califano

Cristofaro

2021

European Journal of Economics and Economic Policies: Intervention

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Liberalization policies of international movements of capital and labour have represented a crucial feature of the so-called ‘globalization’ era. More recently, however, several restrictions on migratory movements have been adopted to face the alleged negative effects of immigration. On the contrary, free movement of capital has almost always been preserved. This paper aims to verify whether this current framework of international economic policy can be justified in economic terms. We propose an unprecedented direct comparison between the macroeconomic and distributive impacts of ‘extreme’ episodes of net capital outflows and net migrant inflows in OECD countries between 1970 and 2017. Applying a fixed-effects approach and an event-study approach, we show that GDP growth and functional income distribution have null or even positive statistical relationships with immigration, while they have largely negative statistical relationships with capital flights. More specifically, extreme migrant inflows are not related or in some cases are positively related to real GDP growth, real GDP per capita growth and the wage share, while extreme capital outflows are negatively related to real GDP growth and real GDP per capita growth. These results contrast with current policy agendas and seem to suggest that controls should concern capital movements rather than migratory flows of people.

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Section: Discussionmentioning

confidence: 99%

Section: Migrant Flows and Capital Flows Management Policies In Oecd ...mentioning

confidence: 97%

Migrant inflows, capital outflows, growth and distribution: should we control capital rather than immigration?

Brancaccio

Califano

Cristofaro

2021

European Journal of Economics and Economic Policies: Intervention

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“…FDI have also been linked to labour market outcomes. Podrecca and Rossini (2015) analyse joint influence of migration inflows and outward foreign direct investment for 13 European Union countries. A wage curve is designed theoretically reflecting cross-border labour and capital mobility, and estimated on panel data for 13 European countries over the period 1995-2013.…”

Section: Review Of Fdi Literaturementioning

confidence: 99%

FDI and Economic Performance of Firms in India

Bhattarai

Negi

2020

Studies in Microeconomics

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FDI contributed positively to sales, profit, employment and wages of firms in India from 2004 to 2018. Foreign capital is complementing domestic capital well embodying technology and innovations required for expansion of domestic firms in it. Foreign promoters have played quite significant economic roles among firms across production sectors in manufacturing industry in India. Besides sales, total expenses, managerial remunerations and corporation taxes, involvement of foreign promoters are statistically significant determinants of profits, employment and wages among firms across all seven sectors of the manufacturing industry is clear from analysis of the Prowess database for years 2004, 2008, 2012 and 2014. These effects were even stronger in each of Modi–I years between 2015-2019 that followed the Make in India initiative in 2014. Reforms including the outright 100 per cent ownership provision in the automatic route in most industrial sectors have produced good outcomes that have not only raised the volume of FDI per capita from around 16 dollars in 2000 to 285 dollars in 2018 but also raised the global ranking of India to 63 out of 190 economies in 2019 on the ease of doing business, putting India 79 places above now than in 2014. Based on theoretical and empirical analysis it can be concluded that good sentiments of FDI in India in Modi–II years started in 2019 will prevent diminishing returns on capital and contribute towards sustainable growth in coming years. JEL Codes: F21, F23, F14, J31, O53

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La posición geopolítica marroquí como frontera vertical de la Unión Europea

Miras

2017

CienciaUAT

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El siglo XXI está siendo protagonista de un cierre fronterizo sin precedentes a la libre circulación de personas, pero no de mercancías, bienes o capital, promovido por los países del norte, y en connivencia con los dirigentes de los países del sur, generando una grave fractura social. El objetivo del presente artículo fue analizar de qué manera la Unión Europea (UE), estáfavoreciendo la emergencia deuna frontera que cruza verticalmente Marruecos (entre otros países), imposibilitando a lo largo de su territorio la llegada a la UE, no sólo de su población, sino también la procedente del resto de África. Se analizaron diferentesfuentes secundarias, producidas por organismos internacionales como la Agencia Europea de la Guardia de Fronteras y Costas, la Comisión Europea, Amnistía Internacional y Médicos Sin Fronteras. La externalización de la fronterade la UE, en el plano político,junto a la deslocalización, en el plano económico, de empresas europeas en algunos países del sur de Europa, como Marruecos, está consolidando laexistencia de nuevos espaciosque configuran lo que se denomina frontera vertical, donde emergen nuevos escenariossocioeconómicos y simbólicos.

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International Factor Mobility, Wages and Prices

Cited by 3 publications

References 37 publications

Migrant inflows, capital outflows, growth and distribution: should we control capital rather than immigration?

Migrant inflows, capital outflows, growth and distribution: should we control capital rather than immigration?

FDI and Economic Performance of Firms in India

La posición geopolítica marroquí como frontera vertical de la Unión Europea

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