@TechReport{CEPII:2009-06,
author={Vladimir Borgy and Xavier Chojnicki and Gilles Le Garrec and Cyrille Schwellnus},
title={Macroeconomic Consequences of Global Endogenous Migration: a General Equilibrium Analysis},
year=2009,
month=April,
institution={CEPII},
type={Working Papers},
url={http://www.cepii.fr/CEPII/en/publications/wp/abstract.asp?NoDoc=1195},
number={2009-06},
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}
}