Macroeconomic Consequences of Global Endogenous Migration: a General Equilibrium Analysis

Vladimir Borgy, Xavier Chojnicki (), Gilles Le Garrec () and Cyrille Schwellnus

Working Papers from CEPII research center

Abstract: In this paper, we analyze the demographic and economic consequences of endogenous migrations flows over the coming decades in a multi-regions overlapping generations general equilibrium model (INGENUE 2) in which the world is divided in ten regions. Our analysis offers a global perspective on the consequences of international migration flows. The value-added of the INGENUE 2 model is that it enables us to analyze the effects of international migration on both the destination and the origin regions. A further innovation of our analysis is that international migration is treated as endogenous. In a first step, we estimate the determinants of migration in an econometric model. We show, in particular, that the income differential is one of the key variables explaining migration flows. In a second step, we endogenize migration flows in the INGENUE 2 model. In order to do so, we use the econometrically estimated relationships between demographic and income developments in the INGENUE model, which enables us to project long-run migration flows and to improve on projections of purely demographic models.

Keywords: CGEM; migration; international capital flows (search for similar items in EconPapers)
JEL-codes: F21 C68 J61 H55 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-dge and nep-mig
Date: 2009-04

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Persistent link: http://EconPapers.repec.org/RePEc:cii:cepidt:2009-06

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