A GENERAL EQUILIBRIUM ANALYSIS OF RURAL-URBAN MIGRATION UNDER UNCERTAINTY

作者: Hamid Beladi , Charles A Ingene , None

DOI: 10.1111/J.1467-9787.1994.TB00857.X

关键词: AgriculturePopulationUnemploymentMacroeconomicsTerms of tradeGeneral equilibrium theoryUrbanizationMicroeconomicsEconomicsProfit (economics)Relative priceDevelopment (topology)Environmental Science (miscellaneous)

摘要: This paper analyzes the implications of an exogenous shift in relative prices for economy that suffers from urban unemployment as well uncertainty agricultural sector. Among other things we show with will lower profit. result is sharp contrast conventional case risk-neutrality or certainty where profit unaffected by changes terms trade. The consequences rural-urban migration developing countries are implied. (EXCERPT)

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