Immigration and international prices

• 成果类型: Article
• 署名作者: Zachariadis, Marios
• 署名单位: University of Cyprus
• 刊物名称: JOURNAL OF INTERNATIONAL ECONOMICS
• ISSN/ISSBN: 0022-1996
• DOI: 10.1016/j.jinteco.2012.01.004
• 发表日期: 2012
• 页码: 298-311
• 关键词: International factor mobility; International LOP deviations; immigration; Price convergence

摘要

This paper considers the relation between immigration and prices in a number of countries across the world over the period from 1990 to 2006. Immigration is shown to have a negative impact on international relative prices. A 10% increase in the share of immigrant workers in total employment decreases the prices of final products by as much as 3%. Our results suggest that the tendency of this factor of production to relocate to relatively expensive high-wage countries exerts downward pressure on prices of tradeables and non-tradeables there relative to other locations. The effect of immigration on prices is more evident for goods consumed by immigrants as compared to goods produced by immigrants. (C) 2012 Elsevier B.V. All rights reserved.