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Migration, unemployment and development: a dynamic two-sector analysis
Abstract:
"A time-minimizing problem of attaining a full employment state is solved in a dual-economy model with [the] Harris-Todaro migration mechanism and with a positive level of urban unemployment in the starting period. It appears that the optimum solution lies in the specialization of investment in the urban sector at least in the initial stage of development if the per-capita stock in the urban sector is very small in the starting period."
Keywords:
Demographic FactorsEconomic DevelopmentEconomic FactorsEconomic ModelEmploymentEmployment StatusHuman ResourcesLabor ForceMacroeconomic FactorsMigrationModels, TheoreticalPopulationPopulation DynamicsResearch MethodologyRural-urban MigrationSocioeconomic FactorsSocioeconomic StatusUnemploymentRelated Concept Videos
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