![The simple analytics of optimal growth with illegal migrants: A clarification [An article from: Journal of Economic Dynamics and Control]](https://www.ebooknetworking.net/books/B00/0PD/bigB000PDSXZ6.jpg)
The simple analytics of optimal growth with illegal migrants: A clarification [An article from: Journal of Economic Dynamics and Control]
Book Details
Author(s)H.M. Moy, C.K. Yip
PublisherElsevier
ISBN / ASINB000PDSXZ6
ISBN-13978B000PDSXZ2
MarketplaceFrance 🇫🇷
Description
This digital document is a journal article from Journal of Economic Dynamics and Control, published by Elsevier in 2006. The article is delivered in HTML format and is available in your Amazon.com Media Library immediately after purchase. You can view it with any web browser.
Description:
This paper reexamines the welfare effects of illegal immigration studied by Hazari and Sgro [The simple analytics of optimal growth with illegal migrants. Journal of Economic Dynamics and Control 28(1) 141-151]. In contrast to their negative conclusion, we obtain ambiguous welfare prediction which is due to the presence of two opposing effects at work: a positive exploitation effect and a negative intertemporal effect. With Cobb-Douglas production technology, we show that per capita domestic consumption rises in the presence of illegal migration.
Description:
This paper reexamines the welfare effects of illegal immigration studied by Hazari and Sgro [The simple analytics of optimal growth with illegal migrants. Journal of Economic Dynamics and Control 28(1) 141-151]. In contrast to their negative conclusion, we obtain ambiguous welfare prediction which is due to the presence of two opposing effects at work: a positive exploitation effect and a negative intertemporal effect. With Cobb-Douglas production technology, we show that per capita domestic consumption rises in the presence of illegal migration.
