Journal
JOURNAL OF ECONOMIC INTEGRATION
Volume 20, Issue 4, Pages 688-726Publisher
SEJONG UNIV, CENTER INT ECONOMICS
DOI: 10.11130/jei.2005.20.4.688
Keywords
Applied general equilibrium modeling; Temporary Movement of natural persons; GATS Mode 4; Skill; Welfare
Categories
Funding
- Commonwealth Secretariat
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While the liberalisation of trade has been at the forefront of the global agenda for many decades, the movement of natural persons remains heavily guarded. Nevertheless restrictions on the movement of natural persons across regions impose a cost on developing and developed economies that far exceeds that of trade restrictions on goods. This paper uses a global CGE model to investigate the extent of these costs, by examining the effects of an increase in developed countries' quotas on both skilled and unskilled temporary labour equivalent to 3% of their labour forces. The results confirm that restrictions on the movement of natural persons impose significant costs on nearly all countries (over $150 billion in all), and that those on unskilled labour are more burdensome than those on skilled labour.
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