Investment liberalisation and firm selection process: A welfare analysis from a host-country perspective |
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Authors: | Claus Aastrup Jensen Nikolaj Malchow-Møller Jan Rose Skaksen |
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Institution: | 1. Department of Business and Economics , University of Southern Denmark , Campusvej 55, DK-5230, Odense, Denmark;2. CEBR caj@sam.sdu.dk;4. CEBR;5. CEBR;6. Copenhagen Business School , Porcelaenshaven, 16B, DK-2000, Frederiksberg, Denmark;7. IZA |
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Abstract: | We set up a theoretical model to analyze the implications of coordination of immigration policies among destination countries. The model contains two types of spillovers between destination countries: a terms-of-trade externality and a welfare-policy externality. We show that while coordination unambiguously increases welfare of the destination countries, the effects on the level of immigration and on the income distribution of natives are ambiguous. Thus, coordination among destination countries does not necessarily solve the global coordination problem of inoptimally low levels of migration. |
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Keywords: | coordination externalities immigration policy spillovers terms of trade welfare |
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