Joining the EU [electronic resource] : capital flows, migration and wages (Portugal) / Catia Batista

Batista, Catia
Bib ID
vtls000649791
稽核項
79 p.
電子版
附註項
數位化論文典藏聯盟
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$a Joining the EU $h [electronic resource] : $b capital flows, migration and wages (Portugal) / $c Catia Batista
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$a 79 p.
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$a Source: Dissertation Abstracts International, Volume: 66-03, Section: A, page: 1084.
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$a Adviser: Nancy L. Stokey.
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$a Thesis (Ph.D.)--The University of Chicago, 2005.
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$a This dissertation examines the impact of joining the European Union on a less developed, small economy. In particular, it quantitatively evaluates the role of factor movements (emigration and foreign capital inflows) in explaining the behavior of real wages. The experience of Portugal after its entry in the European Union (EU), in 1986, is considered. For this purpose, a simple theoretical model is developed following Stokey (1996), which is extended to include costly migration flows. A neoclassical aggregate production function with four production factors (skilled and unskilled labor, capital equipment and structures) is considered to account for the observed patterns of human capital accumulation and growth of skilled and unskilled wages. Estimation of its parameters and implied elasticities of substitution is performed and used in simulating both types of wages and the skill premium. This constitutes an empirical test to our theoretical framework, which finds an important role of capital-skill complementarity in explaining the behavior of real wages in Portugal between 1985 and 1999. Based on these results, counterfactual exercises are performed that allow measuring the impact of foreign investment and emigration on skilled and unskilled wages and the skill premium during this same period. The results point to a small role of emigration and to a more important role of increased capital inflows, which are discussed in detail. These findings should constitute a good starting point to learn about the potential consequences of the Eastern enlargement of the EU and of other integration experiences that abolish barriers to factor mobility.
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$a 數位化論文典藏聯盟 $b PQDT $c 淡江大學(2005)
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$a The University of Chicago.
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摘要
This dissertation examines the impact of joining the European Union on a less developed, small economy. In particular, it quantitatively evaluates the role of factor movements (emigration and foreign capital inflows) in explaining the behavior of real wages. The experience of Portugal after its entry in the European Union (EU), in 1986, is considered. For this purpose, a simple theoretical model is developed following Stokey (1996), which is extended to include costly migration flows. A neoclassical aggregate production function with four production factors (skilled and unskilled labor, capital equipment and structures) is considered to account for the observed patterns of human capital accumulation and growth of skilled and unskilled wages. Estimation of its parameters and implied elasticities of substitution is performed and used in simulating both types of wages and the skill premium. This constitutes an empirical test to our theoretical framework, which finds an important role of capital-skill complementarity in explaining the behavior of real wages in Portugal between 1985 and 1999. Based on these results, counterfactual exercises are performed that allow measuring the impact of foreign investment and emigration on skilled and unskilled wages and the skill premium during this same period. The results point to a small role of emigration and to a more important role of increased capital inflows, which are discussed in detail. These findings should constitute a good starting point to learn about the potential consequences of the Eastern enlargement of the EU and of other integration experiences that abolish barriers to factor mobility.
附註
Source: Dissertation Abstracts International, Volume: 66-03, Section: A, page: 1084.
Adviser: Nancy L. Stokey.
Thesis (Ph.D.)--The University of Chicago, 2005.
數位化論文典藏聯盟
合著者
ISBN/ISSN
054204076X