Labour Migration and Shadow Prices
DOI:
https://doi.org/10.30541/v19i1pp.65-77Abstract
The effect of migration and home remittances on the shadow prices of labour and foreign exchange is analysed here , taking into consideration changes in their social marginal productivities. It is argued that appreciation of currency, due to large capital inflows and not to increased productivity, results in a misallocation of resources, and, therefore, there is an urgent need for a proper analysis to determine the optimal level of emigrants.
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2022-12-22
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Labour Migration and Shadow Prices. (2022). The Pakistan Development Review, 19(1), pp.65-77. https://doi.org/10.30541/v19i1pp.65-77