Impact of migration flows on the economic activity and labor market of Russia as a whole and regionally

Mariia Kudaeva () and Ivan Redozubov ()
Additional contact information
Ivan Redozubov: Bank of Russia, Russian Federation

Bank of Russia Working Paper Series from Bank of Russia

Abstract: This study presents an empirical assessment of the migration effects on macroeconomic indicators in Russia as a whole and separately for groups of regions that "attract" and "give" migrants. Using a structural vector autoregression model with the short-term constraints, it was found that a sharp increase in the flow of migrants to the country and to the "attracting" regions has a significant positive effect on the economic activity. At the same time, the outflow of migrants from the "giving" regions leads to a slight increase in wages. The impact of migration for unemployment has not been identified. Thus, we have determined that migration flows of population are reflected in the indicators of economic activity and labor market of the country. In accordance with the transmission mechanism, changes in the output and wage are seen in the dynamics of inflation. The got results will help to understand the impact of migration and whether it should be taken into account in the monetary policy decisions.

Keywords: migration; economic activity; labor market; structural vector autoregression models. (search for similar items in EconPapers)
JEL-codes: C32 E24 E32 J11 (search for similar items in EconPapers)
Pages: 45 pages
Date: 2021-12
New Economics Papers: this item is included in nep-cis, nep-mig and nep-ure
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.cbr.ru/StaticHtml/File/131869/wp_khab_dec.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:bkr:wpaper:wps86

Access Statistics for this paper

More papers in Bank of Russia Working Paper Series from Bank of Russia Contact information at EDIRC.
Bibliographic data for series maintained by BoR Research ( this e-mail address is bad, please contact ).