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The simple analytics of optimal growth with illegal migrants

✍ Scribed by Bharat R. Hazari; Pasquale M. Sgro

Book ID
104293356
Publisher
Elsevier Science
Year
2003
Tongue
English
Weight
221 KB
Volume
28
Category
Article
ISSN
0165-1889

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✦ Synopsis

This paper analyses the impact of illegal migration on the optimal path of domestic (resident) consumption. The analysis draws two important conclusions. First, if illegal migrants and domestic labour are perfect substitutes, illegal migration necessarily lowers the long-run per capita consumption of domestic residents. Second, if illegal migrants and domestic labour are imperfect substitutes, the e ect on the long-run per capita domestic consumption is ambiguous, however, in the Cobb-Douglas case, the result is clear cut and per capita domestic consumption rises as a result of illegal migration.

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## Abstract If __Ο•__ is a positive function defined in [0, 1) and 0 < __p__ < ∞, we consider the space ℒ︁(__p__, __Ο•__) which consists of all functions __f__ analytic in the unit disc 𝔻 for which the integral means of the derivative __M__ ~__p__~ (__r__, __f__ β€²) = $ \left ({\textstyle {{1} \over {