| 来源类型 | Discussion paper
|
| 规范类型 | 论文
|
| 来源ID | DP1835
|
| DP1835 Enterprise Investment During the Transition: Evidence from Czech Panel Data |
| Jan Svejnar
|
| 发表日期 | 1998-03-31
|
| 出版年 | 1998
|
| 语种 | 英语
|
| 摘要 | In this paper we introduce the notion of herd effects or information cascades into models of migration-related phenomena. We consider individuals making sequential decisions regarding emigration. Each individual receives a signal which conveys private information regarding preferred locations abroad, and also observes the decisions made by previous emigrants. The herd behaviour which ensues gives rise to geographical concentration in host countries of immigrants from the one location. We show how herd effects can be expected to have both efficiency and political-economy consequences. We expect international factor allocation predicated on herd effects to be inefficient. Herd effects can also be the source of social tensions when the host country?s resident population is xenophobic. In general, herd effects can lead to incorrect personal location decisions, since people are led to discount their private information. We also compare herd effects with the network-externalities explanation of immigrant concentration. |
| 关键词 | Clustering
Herd behaviour
Migration
Network externalities
|
| URL | https://cepr.org/publications/dp1835
|
| 来源智库 | Centre for Economic Policy Research (United Kingdom)
|
| 资源类型 | 智库出版物
|
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/530975
|
推荐引用方式
GB/T 7714 |
Jan Svejnar. DP1835 Enterprise Investment During the Transition: Evidence from Czech Panel Data. 1998.
|
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