The Effect of Asset and Credit Constraint on the Labor Migration Efficiency in Less Developed Countries the Effect of Asset and Credit Constraint on the Labor Migration Efficiency in Less Developed Countries
نویسندگان
چکیده
Migration decision-making in developing economies is addressed from the perspective of status in the labor force (unemployed or unemployed) and traditional concerns with utility maximization are expanded to include the role of assets and access to capital markets. A dynamic model is formulated and the results reveal that the migration mechanism is efficient when workers have access to borrowing from financial institutions; without this access, migration is shown to be inefficient, a fact exacerbated when consideration is directed to unemployed/poor workers in less prosperous regions. JEL Classification: J41, J61, O12, O15, R23 and R58
منابع مشابه
The Monetary Policy, Credit Constraint and Spatial Distribution of Economic Activity: A Contribution of New Economic Geography
T his paper investigates the effect of monetary policy on the distribution of economic activity and agglomeration economies within a country. The considered channel for this effectiveness is the availability of credit to firms in various regions and the effects on the labor and consumer welfare. For this purpose, data for manufacturing firms located in 30 different provinces in Iran ...
متن کاملThe Effect of Liquidity and Efficiency on Credit Risk of Development Banks
The financial system has an important role in health, growth and success of the country. Financial institutions include financial markets and institutions, as intermediary institutions, play an effective role in supply, Equipping and allocating of financial resources. Recent crises in the country's banking system have become a national challenge due to increased outstanding claims and liquidity...
متن کاملINTERNATIONAL IMMIGRATION AND ITS ECONOMIC IMPACT ON THE LABOR MARKET IN HOST COUNTRIES
According to the latest census conducted by the United Nations, currently about 213 million people, i.e. more than 3 percent of the world's population, live outside the country of their birth. The great mobility of the population has definitely different effects on host countries’ economy. The labor market along with commodity, capital and money markets as one of the main pillars of the e...
متن کاملInflation and Output in a Cash Constrained Economy
We examine permanent effects of monetary expansion in an economy where access to credit for financing consumption and investment is limited and consumers and firms are cash-constrained. The main difference between our model with those of Cooley-Hanson (1989) and Walsh (2003) is that investment, in addition to consumption, is subject to a cash-constraint. In this respect, our model is...
متن کاملEffective Factors of Energy Growth in the Organization of Petroleum Exporting Countries (OPEC)
Abstract. Considering the need to save energy consumption in less developed countries, it seems necessary to identify the effective factors of energy growth in the economy of OPEC countries. Energy intensity represents the energy required to produce a unit of product at the national level. Energy intensity at the level of an industry or a specific production process is calculated in terms of ph...
متن کامل