The Effect of Macroeconomic Fluctuations on the Inflows and Outflows of Migrants in Spain

29 Pages Posted: 9 Jun 2010

Date Written: June 7, 2010

Abstract

This essay analyzes the impact of economic fluctuations on migration flows. To do so, the determinants of the inflows and outflows of migrants have been estimated. We find significant evidence on the effect that the macroeconomic fluctuations on the short run has on both flows, although the effect on the inflows is greater in number and strength. Therefore it can be expected that in the actual cyclical phase the migrant population growth will decelerate, especially through a reduction in inflows.

Note: Downloadable document is in Spanish.

Keywords: Immigration, Outmigration, Business cycle

JEL Classification: J61, J11

Suggested Citation

Lacuesta, Aitor and Puente, Sergio, The Effect of Macroeconomic Fluctuations on the Inflows and Outflows of Migrants in Spain (June 7, 2010). Banco de Espana Working Paper No. 1016. Available at SSRN: https://ssrn.com/abstract=1622191 or http://dx.doi.org/10.2139/ssrn.1622191

Aitor Lacuesta (Contact Author)

Banco de España ( email )

Madrid 28014
Spain

Sergio Puente

Banco de España ( email )

Alcala 50
Madrid 28014
Spain

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