TY - JOUR
T1 - Economic development and non-monotonic spatial transitions
AU - Itoh, Ryo
N1 - Funding Information:
The author specially thanks Komei Sasaki, Asao Ando, Ryo Horii, Tatsuhito Kono, Yasuhiro Sato, Dao-Zhi Zeng, and two anonymous referees of this journal for their helpful comments. Needless to say, the author is responsible for any remaining mistakes in the present paper. The author acknowledges the financial support of the Grant-in-Aid for JSPS Fellows (18-5133).
PY - 2010/6
Y1 - 2010/6
N2 - The purpose of the present study is to analyse non-monotonic spatial changes accompanying economic development. A dynamic two-region model with endogenous human capital and converging processes to its long-run equilibria is investigated. The main focus of the present study is to investigate how the level of migration cost influences the shape of a converging process. From the analysis of the model, population distribution draws an inverted-U-curve to describe economic development when the cost of migration is low enough. Also, the transition of interregional income inequalities is an inverted-U when migration cost is at an intermediate level.
AB - The purpose of the present study is to analyse non-monotonic spatial changes accompanying economic development. A dynamic two-region model with endogenous human capital and converging processes to its long-run equilibria is investigated. The main focus of the present study is to investigate how the level of migration cost influences the shape of a converging process. From the analysis of the model, population distribution draws an inverted-U-curve to describe economic development when the cost of migration is low enough. Also, the transition of interregional income inequalities is an inverted-U when migration cost is at an intermediate level.
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U2 - 10.1111/j.1468-5876.2009.00479.x
DO - 10.1111/j.1468-5876.2009.00479.x
M3 - Article
AN - SCOPUS:77954135452
SN - 1352-4739
VL - 61
SP - 234
EP - 251
JO - Japanese Economic Review
JF - Japanese Economic Review
IS - 2
ER -
