By Tohru Naito (eds.)
This is the 1st ebook to supply readers with a theoretical and empirical research of sustainable financial progress in Asian international locations. lately, so much Asian nations have completed quick monetary development and their life can't be overlooked on this planet economic system. besides the fact that, those nations now face the intense difficulties that experience faced extra built nations comparable to environmental difficulties, social protection and unemployment. fast financial development has introduced environmental toxins, local disparities, and critical congestion as a result of inadequate infrastructure. hence, it is important to appreciate the history fiscal mechanism which will locate the prescription for every challenge. This e-book is meant not just for the researcher but additionally for the coverage maker, for either one of whom it offers the elemental tools for reading local difficulties from the issues of view of endogenous fiscal development idea, environmental economics, and spatial economics. This paintings offers theoretical in addition to empirical analyses. rather, we cite the examples of Asian nations: Japan, China, Korea, Thailand and others. the purpose is for readers to use the theories during this e-book to the above-mentioned difficulties in Asian nations as an relief in coverage making. The authors are experts in macroeconomics, public economics, environmental economics, transportation economics and spatial economics, all of that are very important features of local science.
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In next section, we refer to Harris and Todaro [2] as a basic dualistic economy model. 3 derives equilibrium of model and analyzes the effects of some parameters on equilibrium using comparative statics. In Sect. 4, some policy parameters are introduced into the model; we consider the effects of some economic policies on the urban unemployment rate and other endogenous variables. Finally we conclude the analysis of this chapter. 2 The Model We consider a dualistic economy model constructed by Harris and Todaro [2].
Under social optimum. Therefore, SH . /o and SF . 42) 28 Fig. 2 Case of T. 38), the following social welfare function is given as W. / D Co . Here we define Co , o o / . 43) N as follows. 43), W. / is the function of and . 7 W 00 . / is negative if is larger than . Consequently, W. / is concave with respect to . In addition, W. 5 because of the first-order condition. Consequently, the dispersion equilibrium is optimal in this case (Fig. 2). However, if is smaller than , then W 00 . / is positive.
I/ represent the consumption of manufactured goods produced by the i-th firm. Moreover, we define P as the price index of the manufactured goods market. 4) as follows. i/ C cP 1 For a detailed explanation of this utility function, see Ottaviano, Tabuchi, and Thisse [5]. 2 Here we assume that the initial endowment is sufficiently large. 5) 20 T. Naito Price index P of the manufactured goods market is defined as shown below. 5), the indirect utility function of household l is the following. 2 Production Agricultural Goods Next we consider the supply side including the manufactured goods sector and the agricultural goods sector.