ECONOMIC DEVELOPMENT AND NON‐MONOTONIC SPATIAL TRANSITIONS

Ryo Itoh

The Japanese Economic Review, 2010, vol. 61, issue 2, 234-251

Abstract: The purpose of the present study is to analyse non‐monotonic spatial changes accompanying economic development. A dynamic two‐region model with endogenous human capital and converging processes to its long‐run equilibria is investigated. The main focus of the present study is to investigate how the level of migration cost influences the shape of a converging process. From the analysis of the model, population distribution draws an inverted‐U‐curve to describe economic development when the cost of migration is low enough. Also, the transition of interregional income inequalities is an inverted‐U when migration cost is at an intermediate level.

Date: 2010
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