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Title: |
A Contribution on the Empirics of Trade, Migration and Economic Growth
for Australia and Canada |
| Author: |
Bodman, Philip
M. |
| Author
Affiliation: |
U Queensland |
| Source: |
International Economic Journal, Autumn 1998, v. 12, no. 3, pp. 41-62 |
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Publication Date: |
Autumn 1998 |
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Abstract: |
This paper examines the long-run dynamic
relationship between openness, migration and economic growth for
Australia and Canada through the estimation of a long-run aggregate
production function for each economy using the Johansen (1988)
procedure. Through the disaggregation of the capital input vector
entering into each cointegrating relationship, the paper also provides
new evidence concerning the importance of human capital, dwelling
capital, government infrastructure capital and research and development
capital for long-run economic growth. The estimates from the empirical
analysis suggest that net migration, openness and integration favours
the productivity and growth performance of both Australia and Canada,
although the magnitude of these relationships is not large. |
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