articles: Long-run development of a multi-regional economy

Takao Fukuchi ()
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Takao Fukuchi: Department of Management Science, Asahi University, Gifu 501-02, Japan

Papers in Regional Science, 2000, vol. 79, issue 1, 1-31

Abstract: This article analyses models of a multi-regional economy with n regions and m factors, with a Cobb-Douglas or CES production function, and with or without economies of scale and Hicks-neutral technological progress, in which factors are imperfectly mobile as described by a revised gravity model. The article clarifies the incidence of interregional factor mobility, conditions of convergence of interregional per-capita income, the long-run equilibrium regional shares of factors and of income, and the convergence speed. The results are further generalised by explicitly introducing interregional distances.

Keywords: Regional growth; regional inequality; convergence; productivity; factor mobility (search for similar items in EconPapers)
JEL-codes: O18 R11 R12 (search for similar items in EconPapers)
Date: 2000-02-02
Note: Received: 18 August 1997
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Citations: View citations in EconPapers (2)

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