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articles: Long-run development of a multi-regional economy

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  • Takao Fukuchi

    () (Department of Management Science, Asahi University, Gifu 501-02, Japan)

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    Abstract

    This article analyses models of a multi-regional economy with n regions and m factors, with a Cobb-Douglas or CES production function, and with or without economies of scale and Hicks-neutral technological progress, in which factors are imperfectly mobile as described by a revised gravity model. The article clarifies the incidence of interregional factor mobility, conditions of convergence of interregional per-capita income, the long-run equilibrium regional shares of factors and of income, and the convergence speed. The results are further generalised by explicitly introducing interregional distances.

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    File URL: http://link.springer.de/link/service/journals/10110/papers/0079001/00790001.pdf
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    Bibliographic Info

    Article provided by Springer in its journal Papers in Regional Science.

    Volume (Year): 79 (2000)
    Issue (Month): 1 ()
    Pages: 1-31
    Download reference. The following formats are available: HTML (with abstract), plain text (with abstract), BibTeX, RIS (EndNote, RefMan, ProCite), ReDIF
    Handle: RePEc:spr:presci:v:79:y:2000:i:1:p:1-31

    Note: Received: 18 August 1997
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    Related research

    Keywords: Regional growth; regional inequality; convergence; productivity; factor mobility;

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