force participation rate, employment-population ratio, and unemployment rate will also probably move in the directions of market
economies similar to Puerto Rico. There is little to suggest that
these movements will be overly dramatic. They will simply reflect
an economic reality more in line with Puerto Rico's general state
of economic development.
Although one can argue that the migratory decision is based on a
utility-maximizing framework, it is important to acknowledge the role of
public policy in determining the conditions under which the migration
decision is made. It is no coincidence that massive Puerto Rican migration occurred after Operation Bootstrap began, although the possibility
of migration certainly existed prior to the 1950s.
This occurred in the glass, cement, and paper products industries.
See the summary study prepared by the Puerto Rico Economic
Development Administration ( 1983) criticizing the critics of tax exemption.
Santiago ( 1975) for evidence supporting this view.
Empirical support for this position can be found in
Questia, a part of Gale, Cengage Learning. www.questia.com
Book title: Labor in the Puerto Rican Economy:Postwar Development and Stagnation.
Contributors: Carlos E. Santiago - Author.
Publisher: Praeger Publishers.
Place of publication: New York.
Publication year: 1992.
Page number: 158.
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