Spain trade in view of some migratory and economic considerations
Keywords:International trade, migration, labor and capital share, ICT assets, non- tariff barriers.
The importance of trade and migration flows has become crucial in a time of long and global crisis. This paper analyzes how migration and other significant and novel economic considerations explain international trade. The methodology consists a panel data’ analysis of trade processes measured by export from Spain and import to Spain in 90 countries from 1998 to 2015 regarding immigration and other economic variables. The results show that immigration facilitates international trade of sending and receiving countries. Likewise, the results provide an indirect evidence that labor productivity is relevant for international trade and it also supports the existence a “Say’s Law of Immigration. In addition, the paper shows how labor-intensive countries favor the exports from Spain, and by contrast, capital-intensive countries facilitate the imports from Spain. Finally, the results add empirical evidence about how the lack of technology infrastructure act as a non-tariff trade barrier, meanwhile the membership to EU reduce trade costs, encouraging exports and imports for any country.