, the process of domestic accumulation of HC might be affected in several ways through migration and capital inflows …. Furthermore, endowment of skilled labour and foreign direct investments (FDI) may reinforce each other through possible … presence of a virtuous (vicious) circle between HC accumulation and FDI inflows. …

In this paper we investigate the causal effect of immigration on trade flows, using Italian panel data covering very … the past literature. However, using instrumental variables based on migration enclaves, we show that immigrants have a …

migrants and natives under both migration and trade. We use a general equilibrium model of migration, human capital and social … natives. Trade and both migration solutions reduce inequality between the populations of the two countries by the same amount …. In addition, trade and migration are not equivalent if social capital is present: the highest welfare is obtained with …

Pareto optimum, labor mobility (social capital) is excessively large (depleted); iii) trade is superior to labor market … integration if trading costs are no higher than private migration costs; otherwise the outcome is ambiguous; and iv) the creation …

This paper explores the relationship between openness to trade, immigration, and income per person across countries. To … predictors of openness to immigration and to trade for each country by using information on bilateral geographical and cultural … to immigration on long-run income per capita. In contrast, we are unable to establish an effect of trade openness on …

Neoclassical trade theory suggests that factor price convergence should follow increased commercial integration. Rising … commercial integration and foreign direct investment followed the 1994 North American Free Trade Agreement between the United … Mexico and the US. First, we find no evidence of long-run wage convergence among cohorts characterized by low migration …

The question of whether migration can be an equilibrating force in the labour market is an important criterion for an … new light on this question by comparing pre- and post-crisis migration movements at the regional level in both Europe and … the United States, and their association with asymmetric labour market shocks. We find that recent migration flows have …

goods, as in the case of merchandise trade, but also of financial flows. In particular, recent literature has emphasized the … of migration in alleviating information imperfections between home and host countries. We show that the impact of … migration on financial flows is strongest where information problems are more acute (that is, for more informational sensitive …

, I show that poor households' entitlement to an exogenous, temporary but guaranteed income stream increases US migration … collateral to finance the migration. The individuals who start migrating because of this income shock belong to households with …. These results suggest that financial constraints to international migration are binding for poor Mexicans, some of whom …