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A concise model of regional decay

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  • Geoffrey Fishburn

Abstract

Attention has long been paid to the formal modeling of the comparative statics of the expanding, or "progressive," economy. However, even within such an economy there can be, and there have been observed to have been, parts (here designated as "regions") which go into decline, often to the point of being, effectively, abandoned. Importantly, with decay exists the potential for conflict as people ("economic refugees") move from degrading to other regions and/or the loss of a region's resources intensifies competition for those which remain. Simply reversing the "expansion" model will not, it is argued here, properly capture such cases. A concise model which represents a first attempt to do so is proposed.

Suggested Citation

  • Geoffrey Fishburn, 2012. "A concise model of regional decay," International Journal of Development and Conflict, Gokhale Institute of Politics and Economics, vol. 2(1), pages 1250004-125.
  • Handle: RePEc:gok:ijdcv1:v:2:y:2012:i:1:p:1250004
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    File URL: http://www.worldscientific.com/doi/abs/10.1142/S2010269012500044
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