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Figure A2. Impulse response functions to the model’s shocks

Neutral Technology Shock at Home

x 10-4

x 10-3

10

3

0.01

10 20 Foreing Output

30

10 20 Stock of immigrants

30

10 20 Total Remittances

30

5

0

  • -

    5 0 x 10-4

4

2

0

  • -

    2 0 x 10-3

1.5

1

0.5

0

0

0

10 20 Foreign Consumption

0

10 20 Capital in Foreign

0

10 20 Home Output

2

1

0

0.2

0.1

0

0.03

0.02

0.01

0

30

30

30

0.005

0

0.1

0.05

0

0.1

0.05

0

Neutral Technology Shock at Foreign

0.04

0.03

0.02

0.02

0.01

0

10 20

x 10-3

Foreing Output

0

0

  • -

    1

30

0

0.4

0.2

0

10 20 Foreign Consumption

0.01

0

  • -

    0.01

  • -

    0.02

30

0.1

0.05

  • -

    2

    • 0

      10 20 Stock of immigrants

x 10-3

0

  • -

    1

  • -

    2

  • -

    3

  • 0

    10 20

Total Remittances

30

30

0

0

0.01

0

  • -

    0.01

  • -

    0.02

0

10 20 Capital in Foreign

10 20 Home Output

30

30

0

10

5

0

  • -

    5

52

0

10 20 Remittances per unit of migrant labor

0

10 20 Immigrant/unskilled wage

  • 0

    10 20

Home Consumption

0

10 20 Remittances per unit of migrant labor

0

10 20 Immigrant/unskilled wage

x 10-3

  • 0

    10 20

Home Consumption

30

30

30

30

30

30

x 10-5

10

5

0

  • -

    5

    • 0

      10 20 Immigrant entry

x 10-3

6

4

2

0

0

10 20 Wage in foreign

1

0.5

0

0

10 20 Capital in Home

x 10-4

2

0

  • -

    2

  • -

    4

0

10 20 Immigrant entry

0.06

0.04

0.02

0

0

10 20 Wage in foreign

0.05

0

  • -

    0.05

0

10 20 Capital in Home

30

30

30

30

30

30

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