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We show that in a fully integrated economy, in which there is free mobility of goods and factors, each member’s share of total output will equal its shares of total stocks of productive factors (i.e., physical and human capital). We label this result the equal-share relationship. This...
Persistent link: https://www.econbiz.de/10011255601
We first demonstrate that, within a fully integrated economy (FIE) in which there is free mobility of goods and factors, each FIE member's share of total FIE output will equal its shares of the total FIE stock of each productive factor. This equal-share property implies that, if economic...
Persistent link: https://www.econbiz.de/10011256567
-mentioned association between migration and FDI, by using the UK annual data from 2001 to 2007 for 22 countries on the inward volume of FDI … migration and outward FDI. This result also holds, if we correct for endogeneity by using an instrumental variable approach. If …
Persistent link: https://www.econbiz.de/10011256673
prompted much research on the socio-economic impacts of immigration. The migration issue has become one of the most debated … international migration on international trade, foreign direct investment, and tourism. These studies have largely adopted the same … migration and foreign direct investment. Our primary results confirm that immigration has a positive impact on FDI investment in …
Persistent link: https://www.econbiz.de/10011257347