Immigration and International Prices

Marios Zachariadis

University of Cyprus Working Papers in Economics from University of Cyprus Department of Economics

Abstract: This paper considers the relation between immigration and prices for a large number of cities across the world over the period from 1990 to 2006. Aggregate immigration ratios are shown to have a negative impact on international relative prices. The evidence is consistent with demand-side and supply-side considerations both being relevant for the price-reducing effect of immigration, with the latter offering a more likely explanation at annual frequencies during this period. Our findings regarding the inverse relation of immigration and prices and the channels via which this operates across international cities, are broadly consistent wih Lach (2007) and Cortes (2008) who investigate the same relation within Israel and for the US respectively.

Keywords: Immigration; prices; inflation; international price differences (search for similar items in EconPapers)
Pages: 21 pages
Date: 2010-02
New Economics Papers: this item is included in nep-mig and nep-opm
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Citations: View citations in EconPapers (1)

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Related works:
Journal Article: Immigration and international prices (2012)
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Persistent link: https://EconPapers.repec.org/RePEc:ucy:cypeua:03-2010

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