Abstract
In the present paper, we examine if "higher wall" really hinders immigration i.e., if tightening of border enforcement reduces immigration. The framework we construct is a stochastic one where an individual intends immigration under uncertainty that is expressed by geometric Brownian motion. It is revealed that "higher wall", contrary to the intention of regulatory authorities, does not hinder immigration.
| Original language | English |
|---|---|
| Pages (from-to) | 34-38 |
| Number of pages | 5 |
| Journal | Research in World Economy |
| Volume | 9 |
| Issue number | 1 |
| DOIs | |
| Publication status | Published - 2018 |
Keywords
- Higher wall
- Immigration
- Optimal stopping theory
- Value of waiting
ASJC Scopus subject areas
- Industrial relations
- Sociology and Political Science
- Economics, Econometrics and Finance (miscellaneous)
- Political Science and International Relations
