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Showing papers by "Robert E. Lucas published in 2005"


Book
05 Oct 2005
TL;DR: In this article, the authors examined the economic consequences of migration in the countries of origin and the consequences for economic development in the country of origin in terms of economic development at origin.
Abstract: Contents: Part I: Introduction 1 The Context 2 The Determinants of Migration: Controls, Pressures and Outcomes Part II: Consequences for Economic Development in the Countries of Origin 3 Labor Market Responses to Emigration 4 Emigration of the Highly Skilled: Regimes, Costs and Responses 5 Reported and Informal Remittances: How Much? Who Sends? Who Benefits? 6 The Diaspora and Transnational Networks 7 Repeat and Return Migration: A Habit or 'There and Back Again' 8 Poverty, Inequality and the Social Impacts of Migration Part III: Conclusions: Policy Choices and the Political Economy of Migrations Regimes 9 Who Benefits from International Migration? Beyond Economic Development at Origin 10 Migration Regimes and Economic Development: Policy Implications References Index

178 citations


Posted Content
TL;DR: In this article, the authors present an accessible and topical book that offers invaluable insights to policy makers in both industrialized and developing countries as well as to scholars and researchers of economics, development, international relations and to specialists in migration.
Abstract: This accessible and topical book offers invaluable insights to policy makers in both industrialized and developing countries as well as to scholars and researchers of economics, development, international relations and to specialists in migration.

161 citations


Posted Content
TL;DR: In this article, the authors study a variation of the Eaton-Kortum model, a competitive, constant-returns-to-scale multicountry Ricardian model of trade.
Abstract: We study a variation of the Eaton-Kortum model, a competitive, constant-returns-to-scale multicountry Ricardian model of trade. We establish existence and uniqueness of an equilibrium with balanced trade where each country imposes an import tariff. We analyze the determinants of the cross-country distribution of trade volumes, such as size, tariffs and distance, and compare a calibrated version of the model with data for the largest 60 economies. We use the calibrated model to estimate the gains of a world-wide trade elimination of tariffs, using the theory to explain the magnitude of the gains as well as the differential effect arising from cross-country differences in pre-liberalization of tariffs levels and country size.

90 citations


Posted Content
TL;DR: In this article, the authors analyzed trends in inter-generational economic mobility in Finland using panel data from 1950 through 1999 on more than 200 thousand sons and daughters born between 1930 and 1970 and found that most of the decline in transmission reflected a reduction in the impact of family income on duration of children's education accompanied by a decline in the returns to schooling.
Abstract: Trends in inter-generational economic mobility in Finland are analyzed using panel data from 1950 through 1999 on more than 200 thousand sons and daughters born between 1930 and 1970. A significant decline is estimated in the inter-generational transmission elasticity from the 1930 birth cohort until the baby boom cohorts of the early1950s. After that we observe no increase in the extent of mobility for 1950s and 1960s birth cohorts. The result holds both for sons and daughters. The quite dramatic transformation of the Finnish economy in the second half of the twentieth century is outlined in the paper. However, a decomposition of the inter-generational transmission elasticities across cohorts shows that most of the decline in transmission reflected a reduction in the impact of family income on duration of children’s education accompanied by a decline in the returns to schooling. Despite the large volume of rural–urban migration during this period of transformation, regional mobility played only a minor role in increasing economic mobility.

22 citations



Journal ArticleDOI
TL;DR: In this article, the authors present at the Budapest meetings of the Society for Economic Dynamics (SED) discuss the importance of economic dynamism in the development of the Hungarian economy.

6 citations


Posted Content
TL;DR: In this article, the authors study a variation of the Eaton-Kortum model, a competitive, constant-returns-to-scale multicountry Ricardian model of trade.
Abstract: We study a variation of the Eaton-Kortum model, a competitive, constant-returns-to-scale multicountry Ricardian model of trade. We establish existence and uniqueness of an equilibrium with balanced trade where each country imposes an import tariff. We analyze the determinants of the cross-country distribution of trade volumes, such as size, tariffs and distance, and compare a calibrated version of the model with data for the largest 60 economies. We use the calibrated model to estimate the gains of a world-wide trade elimination of tariffs, using the theory to explain the magnitude of the gains as well as the differential effect arising from cross-country differences in pre-liberalization of tariffs levels and country size.

6 citations


BookDOI
TL;DR: The Sixth Annual World Bank Conference on Development Economics as mentioned in this paper focused on how four flows (flows of people, capital, aid, and trade) link developed and developing countries, and where the main opportunities are in each of these four areas, and what the real risks are when flows accelerate, and when flows dry up.
Abstract: This Sixth Annual World Bank Conference on Development Economics, one of the world's best-known series of conferences, aims at the presentation, and discussion of new knowledge on development. The theme of the conference was "Doha, Monterrey, and Johannesburg: Are We on Track to Achieve the Millennium Development Goals (MDGs)?" The conference provides a forum for the world's leading development thinkers to share new knowledge, and ideas. This Conference was designed to look at how four flows (flows of people, capital, aid, and trade) link developed and developing countries. Discussions show not only where some of the main opportunities are in each of these four areas, but also where the main blockages are, and what the real risks are-both when flows accelerate, and when flows dry up. Notably, it was argued that developed countries should have the courage to push globalization further: Europe, like the United States, is protectionist, and as long as it stays that way, there can be no real free trade on the global level. It was proposed a political counterpart to what exists on the economic level be created, i.e., to replace the G-8 of rich countries, with a G-8 of local and regional groups. Such a G-8 would grant a legitimate place to the South, and could serve as a forum for consultation among various continental structures - African Union, Mercosur, the European Union, the Association of Southeast Asian Nations, and the North American Free Trade Agreement. Such a G-8 would not only contribute to improved relations between various parties, but would also encourage various regions to intensify their cooperation. Similarly, the creation within the United Nations of an Economic, Social, and Environmental Security Council was proposed, which would form the new framework for globalization, thus monitor implementation of conclusions from large conferences, and, coordinate the major international institutions such as the World Trade Organization, International Labor Organization, International Monetary Fund, and World Bank. Redistribution through official development assistance is extremely limited, and it is cancelled out by rich countries' restrictions that limit poor countries' market access. It is argued that the objective of aid is not to redistribute income today, in order to increase immediate consumption; the objective is to transfer growth potential from rich countries to poor countries. Trade flows, capital flows, and migration flows could also be seen as influencing the growth potential of the poorest countries. Maximizing this potential is essential for a future unambiguous, improvement in the world distribution of income. Furthermore, an alternative way forward for the Doha Round is presented, based on the principles of social justice and economic analysis. The World Trade Organization (WTO) needs to establish a source of impartial, and publicly available analysis of the effects of various initiatives on different countries.

5 citations



Posted Content
01 Jan 2005

2 citations