Growth, economic structure, and residential distribution of a small city

Zhang, Wei‐Bin

doi:10.1007/s12232-009-0087-4

Cited by 2 publications

(2 citation statements)

References 71 publications

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“…It is assumed that there is only one (durable) good in the global economy under consideration. Most aspects of production sectors in our model are similar to the neoclassical one-sector growth model (Burmeister and Dobell, 1970;Zhang, 2005Zhang, , 2010. Perfect competition is assumed to prevail in good markets both within each country and among countries.…”

Section: The Multi-country Growth Model With Fiscal Policiesmentioning

confidence: 99%

Global effects of national fiscal policy in a multi-country growth model with capital accumulation

Zhang

2012

IJBG

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The purpose of this study is to examine dynamic interactions of economic growth, trade patterns and fiscal policies among multiple countries. Basing on the two traditional models in neoclassical growth theory -Uzawa's two-sector growth model and the one-sector neoclassical trade model with capital, this paper proposes a multi-country growth model with public sector and capital accumulation. We show that the motion of the world economy with J-countries is described by a J-dimensional differential equations system. We identify the existence of equilibrium of the global economy and demonstrate effects of changes in some of the fiscal policies. We show that a change in the same policy parameter in the same direction in different economies may have opposite effects on the global economy and the domestic and foreign economies.

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Section: The Multi-country Growth Model With Fiscal Policiesmentioning

confidence: 99%

Global effects of national fiscal policy in a multi-country growth model with capital accumulation

Zhang

2012

IJBG

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“…It models the economic production and growth mechanism on the basis of the Solow growth model and the residential distribution on the basis of the Alonso model (Solow, 1956;Alonso, 1964). The integration of the Solow and Alonso is carried out by Zhang (2010). The description of a smallopen growth economy is based on the literature of open growth economies (e.g., Obstfeld and Rogoff, 1996).…”

Section: Introductionmentioning

confidence: 99%

Growth, Residential Distribution, and Land Price in an Integrated Solow’s Growth and Alonso’s Residential Model

Zhang

2018

Asian Themes in Social Sciences Research

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This study builds a spatial growth model with residential distribution. The model is a synthesis of the Solow growth and Alonso residential models with endogenous land value. A unique feature of the study is that it deals with dynamic interactions between land value, land rent, wealth accumulation, amenity change, and residential location. It models the economic production and growth mechanism on the basis of the Solow growth model and the residential distribution on the basis of the Alonso model. The determination of the land value is based on Zhang's recent work on economic growth with endogenous land value. We simulate the motion of the economy over time and space. We carry out comparative dynamic analysis with regard to the rate of interest, the total productivity, and the propensity to save.

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Growth, economic structure, and residential distribution of a small city

Abstract: Small city, Economic structure, Economic geography, Capital accumulation, Solow’s growth model, Uzawa’s two-sector growth model, Alonso’s urban model, Muth’s housing model, E13, O18,

Cited by 2 publications

References 71 publications

Global effects of national fiscal policy in a multi-country growth model with capital accumulation

Global effects of national fiscal policy in a multi-country growth model with capital accumulation

Growth, Residential Distribution, and Land Price in an Integrated Solow’s Growth and Alonso’s Residential Model

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