Capitalization of Productivity Growth in Urban Land Rent

John Hartwick

No 875, Working Paper from Economics Department, Queen's University

Abstract: The first order effect of a productivity increment in the output sector of a monocentric city which increase wages in the city is exactly capitalized in the increment in land rent in the city. We observe this result in the "open city" model in which a worker's utility level in city i is determined outside of city i.

Date: 1993-01
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