Regional Economic Structure, Amenities and Disparities in an Extended Uzawa’s Growth Model
The purpose of this paper is to extend Uzawa’s two-sector for a national economy to an economy with any number of regions. The paper studies interregional economic development with interactions among wealth accumulation, environmental change and economic structure under assumptions of profit maximiz...
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| Format: | Article |
| Language: | English |
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Academy of Economic Studies of Moldova (AESM), Center for Studies in European Integration
2018-12-01
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| Series: | Eastern European Journal of Regional Studies |
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| Online Access: | https://csei.ase.md/journal/files/issue_42/EEJRS_0402_73-93_ZHA.pdf |
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| _version_ | 1850056320494862336 |
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| author | Wei-Bin Zhang |
| author_facet | Wei-Bin Zhang |
| author_sort | Wei-Bin Zhang |
| collection | DOAJ |
| description | The purpose of this paper is to extend Uzawa’s two-sector for a national economy to an economy with any number of regions. The paper studies interregional economic development with interactions among wealth accumulation, environmental change and economic structure under assumptions of profit maximization, utility maximization, and perfect competition. Although the model itself is a straightforward extension of Zhang’s two-region growth to any number of regions, the main contribution of this paper is that it succeeds in simulating the motion of the multi-region economy. This also enables us to effectively deal with comparative dynamic analysis to see how changes in local amenity, the propensity to save, the propensity to consume housing, and regional technologies have effects on national income and wealth, population distribution, regional environment within a general equilibrium theoretical framework. |
| format | Article |
| id | doaj-art-d4edcb7811ea49a584fe541bafda27c0 |
| institution | DOAJ |
| issn | 2537-6179 1857-436X |
| language | English |
| publishDate | 2018-12-01 |
| publisher | Academy of Economic Studies of Moldova (AESM), Center for Studies in European Integration |
| record_format | Article |
| series | Eastern European Journal of Regional Studies |
| spelling | doaj-art-d4edcb7811ea49a584fe541bafda27c02025-08-20T02:51:43ZengAcademy of Economic Studies of Moldova (AESM), Center for Studies in European IntegrationEastern European Journal of Regional Studies2537-61791857-436X2018-12-01427393Regional Economic Structure, Amenities and Disparities in an Extended Uzawa’s Growth ModelWei-Bin ZhangThe purpose of this paper is to extend Uzawa’s two-sector for a national economy to an economy with any number of regions. The paper studies interregional economic development with interactions among wealth accumulation, environmental change and economic structure under assumptions of profit maximization, utility maximization, and perfect competition. Although the model itself is a straightforward extension of Zhang’s two-region growth to any number of regions, the main contribution of this paper is that it succeeds in simulating the motion of the multi-region economy. This also enables us to effectively deal with comparative dynamic analysis to see how changes in local amenity, the propensity to save, the propensity to consume housing, and regional technologies have effects on national income and wealth, population distribution, regional environment within a general equilibrium theoretical framework.https://csei.ase.md/journal/files/issue_42/EEJRS_0402_73-93_ZHA.pdfmulti-region economic dynamicsinterregional inequalityregional disparities in wealth and incomewealth accumulationamenity |
| spellingShingle | Wei-Bin Zhang Regional Economic Structure, Amenities and Disparities in an Extended Uzawa’s Growth Model Eastern European Journal of Regional Studies multi-region economic dynamics interregional inequality regional disparities in wealth and income wealth accumulation amenity |
| title | Regional Economic Structure, Amenities and Disparities in an Extended Uzawa’s Growth Model |
| title_full | Regional Economic Structure, Amenities and Disparities in an Extended Uzawa’s Growth Model |
| title_fullStr | Regional Economic Structure, Amenities and Disparities in an Extended Uzawa’s Growth Model |
| title_full_unstemmed | Regional Economic Structure, Amenities and Disparities in an Extended Uzawa’s Growth Model |
| title_short | Regional Economic Structure, Amenities and Disparities in an Extended Uzawa’s Growth Model |
| title_sort | regional economic structure amenities and disparities in an extended uzawa s growth model |
| topic | multi-region economic dynamics interregional inequality regional disparities in wealth and income wealth accumulation amenity |
| url | https://csei.ase.md/journal/files/issue_42/EEJRS_0402_73-93_ZHA.pdf |
| work_keys_str_mv | AT weibinzhang regionaleconomicstructureamenitiesanddisparitiesinanextendeduzawasgrowthmodel |