Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/230461
Authors: 
Miyagiwa, Kazuyuki
Ono, Yoshiyasu
Year of Publication: 
2019
Series/Report no.: 
ISER Discussion Paper No. 1054
Abstract: 
We examine the effect of immigration on the host country in the dynamic model that can deal with secular unemployment. Immigration has contrasting effects, depending on the economic state of the host country. If there is unemployment, immigration worsens unemployment and decreases consumption by native residents whereas if full employment prevails, immigration has the effect of boosting consumption while keeping full employment. However, an influx of too many immigrants can turn the host country into stagnation. We also find that immigrants' remittances are harmful to the host country under full employment but beneficial under secular stagnation.
Subjects: 
Immigration
secular stagnation
unemployment
aggregate demand deficiency
remittances
JEL: 
F16
F22
F41
Document Type: 
Working Paper

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