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

Abstract

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.

The Determinations of East Asia’s Automobile Trade Using a Gravity Model

“…In fact, the gravity model is derived from the Newton's 1687 "Law of Universal Gravitation". This law in mechanics states that the gravitational force, F ij (in newtons), between two objects is proportional to the product of each body's mass, M 1 and M 2 (in kg) divided by the square of the distance between their respective centres of gravity (in metres); Later on, in the 1860s, H. Carey first introduced this law into the study of human behaviour and since then the gravity model has been widely used in the social sciences (Cheng and Wall, 2005;Zhang, 2018). In economics, the gravity model of international trade was first applied by Tinbergen (1962) and Pӧyhӧnen (1963) and since then it has also been applied with a lot of empirical success in the study of migration, tourism and investment.…”

HRM Practices as Determinates of the Employee Intention to Stay: The Moderating Effect of Transformational Leadership: A Case of Higher Education Institutes in Uae

“…Transformational leadership also addresses the needs of employees(Rothfelder et al, 2012;Widiastuti et al, 2017). The job satisfaction level of employees is increased by the level of transformational leadership in contrast to other leadership styles(Gill et al, 2010;Zhang, 2018). Therefore, transformational leadership has a significant role to play in improving employee performance.…”