Modelling trade policy scenarios: Macroeconomic and trade effects of restrictions in cross border labour mobility
COVID-19 has drawn renewed attention to the economic importance of cross border mobility. Frictions in cross border mobility of labour can substantially impact the economy and international trade, by causing a long-term decrease in net migration that would alter the labour supply in many economies....
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Format: | Elektronisch E-Book |
Sprache: | English |
Veröffentlicht: |
Paris
OECD Publishing
2022
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Schriftenreihe: | OECD Trade Policy Papers
no.259 |
Schlagworte: | |
Online-Zugang: | Volltext |
Zusammenfassung: | COVID-19 has drawn renewed attention to the economic importance of cross border mobility. Frictions in cross border mobility of labour can substantially impact the economy and international trade, by causing a long-term decrease in net migration that would alter the labour supply in many economies. To capture these macro-economic and trade effects, a global macroeconomic model (NiGEM) and a general equilibrium trade model (METRO) were used to simulate a stylised scenario equivalent to a 20% reduction in net-migration accumulated over the past ten years for all economies and regions. In OECD countries, this would translate into a reduction of the overall labour supply, and this shock would shift some economic activity towards non-OECD countries. At the sectoral level, exports of labour intensive manufacturing activities in OECD countries would contract, with electronics (13% of the total reduction of exports in the long term), automobiles (12%) and pharmaceuticals (9%) among the most affected. |
Beschreibung: | 1 Online-Ressource (28 p.) 21 x 28cm. |
DOI: | 10.1787/b37fa34f-en |
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indexdate | 2024-11-26T14:55:46Z |
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series2 | OECD Trade Policy Papers |
spelling | Smith, Donal VerfasserIn aut Modelling trade policy scenarios Macroeconomic and trade effects of restrictions in cross border labour mobility Donal, Smith, Przemyslaw, Kowalski and Frank, van Tongeren Paris OECD Publishing 2022 1 Online-Ressource (28 p.) 21 x 28cm. Text txt rdacontent Computermedien c rdamedia Online-Ressource cr rdacarrier OECD Trade Policy Papers no.259 COVID-19 has drawn renewed attention to the economic importance of cross border mobility. Frictions in cross border mobility of labour can substantially impact the economy and international trade, by causing a long-term decrease in net migration that would alter the labour supply in many economies. To capture these macro-economic and trade effects, a global macroeconomic model (NiGEM) and a general equilibrium trade model (METRO) were used to simulate a stylised scenario equivalent to a 20% reduction in net-migration accumulated over the past ten years for all economies and regions. In OECD countries, this would translate into a reduction of the overall labour supply, and this shock would shift some economic activity towards non-OECD countries. At the sectoral level, exports of labour intensive manufacturing activities in OECD countries would contract, with electronics (13% of the total reduction of exports in the long term), automobiles (12%) and pharmaceuticals (9%) among the most affected. Trade Kowalski, Przemyslaw MitwirkendeR ctb van Tongeren, Frank MitwirkendeR ctb FWS01 ZDB-13-SOC FWS_PDA_SOC https://doi.org/10.1787/b37fa34f-en Volltext |
spellingShingle | Smith, Donal Modelling trade policy scenarios Macroeconomic and trade effects of restrictions in cross border labour mobility Trade |
title | Modelling trade policy scenarios Macroeconomic and trade effects of restrictions in cross border labour mobility |
title_auth | Modelling trade policy scenarios Macroeconomic and trade effects of restrictions in cross border labour mobility |
title_exact_search | Modelling trade policy scenarios Macroeconomic and trade effects of restrictions in cross border labour mobility |
title_full | Modelling trade policy scenarios Macroeconomic and trade effects of restrictions in cross border labour mobility Donal, Smith, Przemyslaw, Kowalski and Frank, van Tongeren |
title_fullStr | Modelling trade policy scenarios Macroeconomic and trade effects of restrictions in cross border labour mobility Donal, Smith, Przemyslaw, Kowalski and Frank, van Tongeren |
title_full_unstemmed | Modelling trade policy scenarios Macroeconomic and trade effects of restrictions in cross border labour mobility Donal, Smith, Przemyslaw, Kowalski and Frank, van Tongeren |
title_short | Modelling trade policy scenarios |
title_sort | modelling trade policy scenarios macroeconomic and trade effects of restrictions in cross border labour mobility |
title_sub | Macroeconomic and trade effects of restrictions in cross border labour mobility |
topic | Trade |
topic_facet | Trade |
url | https://doi.org/10.1787/b37fa34f-en |
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