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We explore the political economy of trade and migration policies in several models of international trade. We show that in a Ricardian world, free trade and no international labor mobility is a Nash equilibrium outcome, but free trade and free international labor mobility is not. The result...
Persistent link: https://www.econbiz.de/10012851610
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COVID-19 has drawn renewed attention to the economic importance of cross border mobility. Frictions in cross border mobility of labour can substantially impact the economy and international trade, by causing a long-term decrease in net migration that would alter the labour supply in many...
Persistent link: https://www.econbiz.de/10013174635
Two predictable narratives dominate today's immigration debate. One version of the story involves “illegal aliens” who enter the country without permission, take American jobs, drain public resources, and refuse to acculturate. The other description involves “undocumented immigrants” who...
Persistent link: https://www.econbiz.de/10014193666
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We explore the political economy of trade and migration policies in several models of international trade. We show that in a Ricardian world, free trade and no international labor mobility is a Nash equilibrium outcome, but free trade and free international labor mobility is not. The result...
Persistent link: https://www.econbiz.de/10013021016
Persistent link: https://www.econbiz.de/10013421896
Persistent link: https://www.econbiz.de/10001737252
We explore the political economy of trade and labor mobility in a Ricardian world. We combine a Ricardian economy with a simple international political economy model as a basis for the determination of trade and labor mobility policies. We show that free trade can induce partial convergence,...
Persistent link: https://www.econbiz.de/10014135211
Persistent link: https://www.econbiz.de/10001451825