Open economy macroeconomic models generally overlook the effects of international migration and remittances on income and welfare. A two‐country temporary equilibrium model is presented which incorporates trade theoretic elements of international migration and remittances. In the model, an...

Open economy macroeconomic models generally overlook the effects of international migration and remittances on income and welfare. A two-country temporary equilibrium model is presented which incorporates trade theoretic elements of international migration and remittances. In the model, an...