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A Note on the Stability of the Harris-Todaro Model with Capital Mobility

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  • Funatsu, Hideki

Abstract

The present note derives the exact stability condition for the Harris-Todaro model with intersectoral c apital mobility where land is explicitly included as a third scarce f actor in agriculture. While the previous study by J. P. Neary states the difficulty of deriving a clear-cut result in such a case, this no te demonstrates that if capital and land are never technological subs titutes in the agriculture production, Neary's condition that the urb an sector is more capital abundant than the rural sector becomes a su fficient condition for local stability. Copyright 1988 by The London School of Economics and Political Science.

Suggested Citation

  • Funatsu, Hideki, 1988. "A Note on the Stability of the Harris-Todaro Model with Capital Mobility," Economica, London School of Economics and Political Science, vol. 55(217), pages 119-121, February.
  • Handle: RePEc:bla:econom:v:55:y:1988:i:217:p:119-21
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    Cited by:

    1. Jai-Young Choi & Eden S. H. Yu, 2010. "Imperfect Capital Mobility: A General Approach to the Two-Sector Harris Todaro Model," Review of International Economics, Wiley Blackwell, vol. 18(1), pages 81-94, February.
    2. Michael Michael & Stephen Miller, 1992. "Customs Union and the Harris-Todaro Model with International Capital Mobility," Open Economies Review, Springer, vol. 3(1), pages 37-49, February.
    3. Pi Jiancai & Zhou Yu, 2015. "Rural Property Rights, Migration, and Welfare in Developing Countries," The B.E. Journal of Economic Analysis & Policy, De Gruyter, vol. 15(3), pages 997-1029, July.
    4. Shigemi Yabuuchi, 1996. "Urban Unemployment And Development Policy: The Introduction Of An," Economics and Politics, Wiley Blackwell, vol. 8(3), pages 241-249, November.
    5. Pan, Lijun, 2014. "The impacts of education investment on skilled–unskilled wage inequality and economic development in developing countries," Economic Modelling, Elsevier, vol. 39(C), pages 174-181.
    6. Takao FUKUCHI, 1998. "A Simulation Analysis Of The Urban Informal Sector," The Developing Economies, Institute of Developing Economies, vol. 36(3), pages 225-256, September.

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