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Stability of the Mobile-Capital Harris-Todaro Model: Some Further Results

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  • Neary, Peter

Abstract

A necessary and sufficient condition for stability is derived for the mobile-capital Harris-Todaro model of rural to urban migration in developing countries when land is a scarce factor in ag riculture. The stability condition when land is ignored-that the urba n sector (comprising manufacturing industry and the urban unemployed) be more capital abundant-is no longer either necessary or sufficient for stability. Nevertheless, this condition always enhances stabilit y and it is sufficient (though not necessary) for stability in many c ircumstances (e.g., when land is separable in production from labor a nd capital). Intuitive explanations of these conditions are provided. Copyright 1988 by The London School of Economics and Political Science.

Suggested Citation

  • Neary, Peter, 1988. "Stability of the Mobile-Capital Harris-Todaro Model: Some Further Results," Economica, London School of Economics and Political Science, vol. 55(217), pages 123-127, February.
  • Handle: RePEc:bla:econom:v:55:y:1988:i:217:p:123-27
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    Cited by:

    1. Yenhuang Chen & Lihong Zhao, 2009. "Wage Subsidy and Sector-Specific Unemployment: A New Economic Geography Approach," Economics Bulletin, AccessEcon, vol. 29(1), pages 426-436.
    2. Biller, Dan & Andres, Luis & Cuberes, David, 2014. "A dynamic spatial model of rural-urban transformation with public goods," Policy Research Working Paper Series 7051, The World Bank.
    3. Leonard F.S. Wang & Ya-Chin Wang & Lihong Zhao, 2012. "The incidence of environmental regulation in a developing economy with sector-specific unemployment: a note," Economics and Business Letters, Oviedo University Press, vol. 1(1), pages 3-11.
    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. 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.
    6. Omar O. Chisari & Sebastián J. Miller, 2016. "Climate Change and Migration: A CGE Analysis for Two Large Urban Regions of Latin America," IDB Publications (Working Papers) 7510, Inter-American Development Bank.
    7. Pi Jiancai & Yin Jun, 2016. "Privatization, Unemployment, and Welfare in the Harris-Todaro Model with a Mixed Duopoly," The B.E. Journal of Economic Analysis & Policy, De Gruyter, vol. 16(4), pages 1-12, October.

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