Migration dynamics, growth and convergence

Larramona, G. (Universidad de Zaragoza) ; Sanso Frago, M. (Universidad de Zaragoza)

Resumen: 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.

Idioma: Inglés

DOI: 10.1016/j.jedc.2005.06.015

Año: 2006

Publicado en: Journal of economic dynamics & control 30, 11 (2006), 2261-2279
ISSN: 0165-1889

Factor impacto JCR: 0.779 (2006)

Categ. JCR: ECONOMICS rank: 73 / 173 = 0.422 (2006) - Q2 - T2

Financiación: info:eu-repo/grantAgreement/ES/MICYT/SEC2001-2469

Tipo y forma: Article (PostPrint)

Área (Departamento): Área Fund. Análisis Económico (Dpto. Análisis Económico)