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| Enzo Weber and Roland Weigand |
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| ''Identifying macroeconomic effects of refugee migration to Germany'' |
| ( 2018, Vol. 38 No.2 ) |
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| The underlying note investigates migration impacts on the German economy, explicitly distinguishing between refugee and non-refugee immigration. For this purpose, we propose a macroeconometric modelling approach complemented by instrumental variables. We find that refugee migration causes positive short-run reactions that would typically be connected to the demand side of the economy. However, it exerts negative effects on GDP and the labour market in the medium run. In contrast, non-refugee immigration turns out to have more beneficial medium-run effects. |
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| Keywords: Immigration, refugees, economic effects, macroeconometric modelling |
JEL: F2 - International Factor Movements and International Business: General
C5 - Econometric Modeling: General |
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| Manuscript Received : Feb 07 2018 | | Manuscript Accepted : Apr 28 2018 |
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