CAPITAL-MARKETS, URBAN UNEMPLOYMENT AND LAND
成果类型：
Note
署名作者：
CHAO, CC; YU, ESH
署名单位：
Chinese University of Hong Kong; Louisiana State University System; Louisiana State University; Oregon State University
刊物名称：
JOURNAL OF DEVELOPMENT ECONOMICS
ISSN/ISSBN：
0304-3878
DOI：
10.1016/0304-3878(92)90008-W
发表日期：
1992
页码：
407-413
关键词：
摘要：
This paper shows that the remarkable result by Khan and Naqvi that a reduction in the capital rental differential always improves welfare despite the presence of a rigid urban wage can be obtained only for the 2 x 2 Harris Todaro model. In an extended Harris-Todaro framework incorporating a third specific factor, a decrease in a distortion may not necessarily be welfare improving.
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