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The simple analytics of optimal growth with illegal migrants
This paper analyses the impact of illegal migration on the optimal path of domestic (resident) consumption. The analysis draws two important conclusions. First, if illegal migrants and domestic labour are perfect substitutes, illegal migration necessarily lowers the long-run per capita consumption of domestic residents. Second, if illegal migrants and domestic labour are imperfect substitutes, the effect on the long-run per capita domestic consumption is ambiguous, however, in the Cobb–Douglas case, the result is clear cut and per capita domestic consumption rises as a result of illegal migration.
History
Journal
Journal of economic dynamics and controlVolume
28Issue
1Pagination
141 - 151Publisher
ElsevierLocation
Amsterdam, The NetherlandsPublisher DOI
ISSN
0165-1889Language
engNotes
Available online 22 October 2002.Publication classification
C1 Refereed article in a scholarly journalCopyright notice
2002, Elsevier Science B.V.Usage metrics
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