Migration and business cycles

Bibliographic data

Monograph

Identifikator:: 1736236210

URN:: urn:nbn:de:zbw-retromon-111544

Document type:: Monograph

Author:: Jerome, Harry

Title:: Migration and business cycles

Place of publication:: New York

Publisher:: National Bureau of Economic Research

Year of publication:: 1926

Scope:: 256 S.

Digitisation:: 2020

Collection:: Economics Books

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Chapter

Document type:: Monograph

Structure type:: Chapter

Title:: Chapter VIII. The influence of economic conditions in the countries of emigration

Collection:: Economics Books

INFLUENCE OF ECONOMIC CONDITIONS 179 from England, in 1903 to 1905, and in 1905 from Ireland also, ac- companies a period of decline or depression in British industry. At first inspection, all this appears somewhat confusing; for in some years an increase in immigration from these countries appears to coincide with good conditions; in others, with bad conditions. As a second method of approach, we turn to Chart 34 on page 159. This chart shows the fluctuations in the ratio of immigration from the stated country to total immigration. The most striking movements in the English and Irish curves are the sharp decline in the year ending June 30, 1892, and the sharp increase in 1895 and again in 1904 and 1905. Evidently, if we consider only British conditions, we reach the conclusion that the hard times which existed there in the latter part of 1890, and in 1891 and 1892, materially checked emigration from the United Kingdom as com- pared with the movement from other countries; and that the marked increase in 1895 may be associated with the revival which occurred in Great Britain in 1894 and the spring of 1895. On the other hand, the rise in 1903, 1904, and 1905, which is relative as well as absolute, occurs in years which are marked by declining industrial activity in Great Britain. It is evident from the above that even a comparison between conditions in Great Britain and fluctuations in the ratio between total immigration to the United States and that from England and Ireland does not lead us to a clear-cut conclusion concerning the relation between immigration and economic conditions in the home country. We get a better indication of the causes of cyclical fluctuations in emigration from the United Kingdom if we compare this emigration movement with economic conditions in both the United States and Great Britain (Chart 41). Emigration and Economic Conditions in the United States and the United Kingdom. With the aid of Chart 41, we can make visual comparison of the relation between cycles in emigration from the United Kingdom to the United States and the concurrent economic conditions in these two countries. The emigration curves do not agree closely and consistently with economic conditions in either country: but there is a fair degree of agreement in major features. Good business conditions common to both countries are usually accompanied or closely followed by high emigration, and bad conditions by low

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