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Migration and investment: a business cycle perspective

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  • Fusshoeller, Chantal
  • Balleer, Almut

Abstract

This paper addresses the dynamic effects of a migration inflow on the host country. In particular, we focus on the role of skill composition and investment behaviour of migrants and show how these affect labour supply and investment behaviour of natives and, hence, the adjustment path of the economy to various shocks in a real business cycle model. We quantify these effects for the recent refugee inflow into the German economy in 2014 and 2015.

Suggested Citation

  • Fusshoeller, Chantal & Balleer, Almut, 2017. "Migration and investment: a business cycle perspective," VfS Annual Conference 2017 (Vienna): Alternative Structures for Money and Banking 168125, Verein für Socialpolitik / German Economic Association.
    • Handle: RePEc:zbw:vfsc17:168125
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    References listed on IDEAS

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    More about this item

    JEL classification:

    • E13 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Neoclassical
    • E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles
    • F22 - International Economics - - International Factor Movements and International Business - - - International Migration

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