If People Were Money: Estimating the Potential Gains from Increased International MigrationUnited Nations University, World Institute for Development Economics Research, 2003 - Emigration and immigration - 20 pages |
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100 per cent adjust the model AE model Atlantic economy Borjas cent scenario compared contemporary globalization context convergence effects developed world economic gain efficiency adjustments efficiency correction 1:5 efficiency gains associated elasticity of substitution emigration estimated efficiency gains figures flows and efficiency gains from increased Hamilton and Whalley Hatton and Williamson HHD LHD MHD HHD region immigrant surplus immigration controls income convergence income gap income inequalities increased international migration international labour mobility level of international level of migration LHD MHD HHD liberalization of migration marginal product mass migration MHD HHD LHD migrant flows migration controls Moses and Letnes number of migrants O'Rourke and Williamson OECD original model parameter per-migrant efficiency gains period of globalization poor countries poorest countries production function purchasing power parity ratio return to capital rich and poor richest countries Scenario LHD MHD sending countries significant Table trillion UNCTAD UNDP UNU/WIDER wage convergence Williamson 1999 World Bank