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Three pillars of urbanization: Migration, aging, and growth

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  • Grafeneder-Weissteiner, Theresa
  • Prettner, Klaus
  • Südekum, Jens

Abstract

Economic development in industrialized countries is characterized by rising per capita GDP, increasing life expectancy, and an ever larger share of the population living in cities. We explain this pattern within a regional innovation-driven economic growth model with labor mobility and a demographic structure of overlapping generations. The model shows that there is a natural tendency for core-periphery structures to emerge in modern knowledge-based economies.

Suggested Citation

  • Grafeneder-Weissteiner, Theresa & Prettner, Klaus & Südekum, Jens, 2018. "Three pillars of urbanization: Migration, aging, and growth," Hohenheim Discussion Papers in Business, Economics and Social Sciences 04-2018, University of Hohenheim, Faculty of Business, Economics and Social Sciences.
  • Handle: RePEc:zbw:hohdps:042018
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    References listed on IDEAS

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    More about this item

    Keywords

    agglomeration; migration; innovation; growth; demography; urbanization; core-periphery structure; regional inequality;

    JEL classification:

    • J10 - Labor and Demographic Economics - - Demographic Economics - - - General
    • O30 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - General
    • O41 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - One, Two, and Multisector Growth Models
    • R23 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Household Analysis - - - Regional Migration; Regional Labor Markets; Population

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