Capital and Labour Mobility and their Impacts on Mexico's Regional Labour Markets
研究了1997-2006年间墨西哥各州资本和劳动力流动对实际工资的影响，发现外国直接投资和移民对实际工资有显著正向作用，且低工资低移民州对FDI波动更敏感。
Abstract This paper studies the effects of capital and labor mobility on real wages across Mexican states for the period 1997–2006. Employing dynamic panel data methods, we find: (1) strong positive effects on real wages from foreign direct investment (FDI) and from migration; (2) domestic and foreign migration provide similar wage effects; and (3) alternative partitions indicate that real wages are more sensitive to FDI-related fluctuations across states with relatively lower wages and migration levels. Overall, these results provide support that real wages respond positively to fluctuations in capital flows and labour movements as predicted from the theory.