New Economics Papers
on Business, Economic and Financial History
Issue of 2006‒07‒21
four papers chosen by
  1. A History of Canadian Recruitment of Highly Skilled Immigrants: Circa 1980-2001 By Don J. DeVoretz
  2. On Compilation of Long Term Series of GDP for the Former USSR Republics By Youri N. Ivanov
  3. El legado colonial como determinante del ingreso per cápita departamental en Colombia By Jaime Bonet; Adolfo Meisel Roca
  4. Pigou’s Dividend versus Ramsey’s Dividend in the Double Dividend Literature By Miguel Rodríguez; Eduardo L. Giménez
  1. By: Don J. DeVoretz (RIIM, Simon Fraser University and IZA Bonn)
    Abstract: This paper identifies the types of immigrants that Canada has recruited to foster modern Canadian economic development and assesses how effective Canada has been in recruiting and retaining these required immigrants in the 21st century. Evidence from both "balance of trade" and "balance of payments" exercises indicates that it is difficult to determine if there actually exist positive net inflows of managers and professionals during the 1982-2001 period. The entry of these highly skilled immigrants resulted from a series of distinct labour market policies adopted by Citizenship and Immigration Canada and its predecessor agencies. The paper presents evidence to support that between 1976-1990 a "tap on-tap off" policy admitted skilled immigrants to Canada only if a labour vacancy was anticipated. However, after 1990 tests reveal that the previous year’s economic immigrant admissions determined the contemporary immigrant flows with a 10 month lag. Offsetting this robust admission of economic immigrants in the 1990’s was the substantial outflows of previous Canadian immigrants as part of the rising phenomenon of "brain circulation". Of particular note is the large number of highly skilled Chinese who have returned to Hong-Kong after 1997. Given this "brain circulation" and the chronic underutilization of its highly trained immigrants I conclude that Canada’s traditional use of immigrants as an "engine of growth" is very limited in the 21st century and suggest recruitment of foreign graduate students to revitalize the role of immigrants in Canadian development.
    Keywords: immigration policy
    JEL: J61 J68
    Date: 2006–07
    URL: http://d.repec.org/n?u=RePEc:iza:izadps:dp2197&r=his
  2. By: Youri N. Ivanov
    Date: 2006–07
    URL: http://d.repec.org/n?u=RePEc:hst:hstdps:d06-173&r=his
  3. By: Jaime Bonet; Adolfo Meisel Roca
    Abstract: Este trabajo utiliza los aportes teóricos y empíricos de la reciente literatura internacional sobre los determinantes del crecimiento económico de largo plazo, para explicar el origen histórico de las enormes desigualdades económicas regionales que caracterizan a Colombia. Los resultados indican que la geografía y la cultura no son un determinante directo de las diferencias en el ingreso per cápita regional. Sin embargo, la geografía tuvo un papel indirecto a través de su influencia en los patrones de poblamiento durante el período colonial. Si bien las estimaciones econométricas muestran la enorme influencia del legado colonial sobre las diferencias actuales en los ingresos departamentales, no es claro si el efecto ocurre vía las instituciones o el capital humano. Cualquiera que sea el canal de influencia, las recomendaciones de política apuntan a considerar que la inversión en capital humano sería la estrategia adecuada para fomentar la prosperidad económica de largo plazo en todo el territorio.
    Date: 2006–07–01
    URL: http://d.repec.org/n?u=RePEc:col:001038:002535&r=his
  4. By: Miguel Rodríguez (Universidade de Vigo); Eduardo L. Giménez (Universidade de Vigo)
    Abstract: This paper deals with the welfare analysis of green tax reforms. The aims of this paper are to highlight misinterpretations of policy assessments in the double dividend literature, to specify which of the efficiency costs and benefits should be ascribed to each dividend, and then, to propose a definition for the first dividend and the second dividend. We found the Pigou’s dividend more appropriate for policy guidance, in contrast to the Ramsey’s dividend usually found in mainstream literature. Therefore, we take up some authors’ recent claims about the need of unambiguous and operative definitions of these dividends both for empirical purposes, and political advice. Finally, the paper analyzes a green tax reform for the US economy to illustrate the advantages of our definitions for policy assessment. The new definitions proposed in this paper i) overcome some shortcoming of the mainstream current definitions in the literature regarding overestimation of the efficiency costs; and, ii) provide information by themselves and not as a partial view of the whole picture.
    Keywords: Double Dividend, Green Tax Reforms, Ramsey’s Dividend, Pigou’s Dividend
    JEL: H23 Q58
    Date: 2006–06
    URL: http://d.repec.org/n?u=RePEc:fem:femwpa:2006.85&r=his
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