Assessing the Spanish immigration policy with frequency-wise causality in Hosoya’s sense

Abstract:

We cannot ignore that anti-immigration parties are becoming essential players in present democracies. But, how concerned should we be with the effects of immigration on the host economy? According to estimates, integration is the main asset of the Spanish immigration policy: in the long term, immigrants are legally indistinguishable; hence, they produce a similar effect on employment and growth. However, employment policies could enhance the long-term contribution of immigration to economic growth and, indirectly, boost employment creation. The effectiveness of immigration policies is thus attached to employment policies. In the short term, registered unemployment seems to be further protected against economic shocks. The frequency-wise analysis makes for a deeper understanding of the role of immigration in the Spanish economy.

Año de publicación:

2022

Keywords:

• International immigration
• Frequency causality
• economic growth
• Unemployment

Fuente:

scopus