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To link to full-text access for this article, visit this link: http://dx.doi.org/10.1016/j.jedc.2005.06.015 Byline: Gemma Larramona, Marcos Sanso Keywords: Migration; Endogenous growth; Migratory reversion Abstract: The aim of the present paper is to analyze the impact of migration dynamics on economic growth and convergence in terms of both the capital/labor ratio and wages. From our results, the following main conclusions can be highlighted: (1) migration positively affects the sending country because of the improvement in the capital/labor ratio and the savings of returning workers; (2) the differences existing between countries do not necessarily disappear in the long term, so the convergence that arises is limited or conditional because it does not necessarily imply an equalization of per capita income, capital/labor ratio, and wages, or the disappearance of migration; and (3) the possibility of migratory flow reversion cannot be excluded in the transitory dynamics. Author Affiliation: Facultad de Ciencias Economicas y Empresariales, Departamento de Analisis Economico, University of Zaragoza, C/ Gran Via 2, 50005 Zaragoza, Spain Article History: Received 25 January 2005; Accepted 23 June 2005 Article Note: (footnote) [star] The authors gratefully acknowledge the financial support received under Project SEC2001-2469 (Ministry of Science and Technology (Spain) and FEDER). They also wish to express their thanks to two anonymous referees and to the editor for their helpful comments and observations on an earlier version of this paper.

To link to full-text access for this article, visit this link: http://dx.doi.org/10.1016/j.jhealeco.2005.09.004 Byline: Marcos Sanso, Rosa M. Aisa Keywords: Biological deterioration; Health; Health goods; Endogenous longevity; Endogenous growth Abstract: The identification of the types of bidirectional interactions that take place between longevity and economic growth in the long-run is carried out by means of the integration of human capital accumulation, innovation in medical technology, a health goods sector, and individual decisions on health and longevity in a dynamic general equilibrium set-up. In this context, in which individual agents decide not only on their 'quality' of life but also on its 'quantity', the mere process of biological deterioration, that is to say, the continuous loss of health goods effectiveness in maintaining a given level of health as individuals age, provides the reason for an additional, and new, engine of growth. Author Affiliation: Departamento de Analisis Economico, Facultad de Ciencias Economicas y Empresariales, University of Zaragoza, C/ Gran Via 2, 50005 Zaragoza, Spain Article History: Received 1 November 2002; Revised 1 February 2005; Accepted 1 September 2005

A wage setting process defined in terms of wage per hour is the key factor for obtaining negative optimal trend inflation in a closed economy. However, this inflation will be zero if the process is established on the wage per unit of human capital. The origin of both results is a dynamic mechanism that, with some differences, makes possible the attainment of a situation equivalent to wage flexibility. Finally, while the effect of trend inflation on the long-run growth rate is tiny in the first case, it is much more important in the second, highlighting the relevance of this approach. [ABSTRACT FROM AUTHOR]

The aim of this paper is to study the relationship between internal migration and Spanish regional convergence between 1972 and 1998, a period between the mass emigration prior to the 1970s and the mass immigration of the end of the twentieth century. The main results indicate that internal migration led to a fall in Spanish regional development gaps. However, internal migration did not lead to the disappearance of these gaps in the long term. Some regions will always receive workers, others will send them out and a third group will experience a sequence of migration reversals. The econometric methodology used allows us to identify structural breaks and to differentiate between long- and short-term effects. This approach enables predictions to be made for internal migration flows in the long term in the absence of shocks. [ABSTRACT FROM AUTHOR]