Equity and efficiency in regional policy

Phillipe Martin [5] had developed a simple, but extremely impressive model of economic development analyzing the interaction between agglomeration and regional income inequality. The essential philosophy of Martin’s static model had been translated into a dynamical model, where it can be shown that...

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Bibliographic Details
Published inPeriodica mathematica Hungarica Vol. 56; no. 1; pp. 105 - 119
Main Author Meyer, Dietmar
Format Journal Article
LanguageEnglish
Published Dordrecht Springer Netherlands 01.03.2008
Subjects
Mathematics
Mathematics and Statistics
Lotka-Volterra model
91B62
Martin’s model
34D20
macro-economic models
stability
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Summary:Phillipe Martin [5] had developed a simple, but extremely impressive model of economic development analyzing the interaction between agglomeration and regional income inequality. The essential philosophy of Martin’s static model had been translated into a dynamical model, where it can be shown that the interdependence between agglomeration and income disparities satisfies the conditions of the Lotka-Volterra model, thus implying regular and phase-shifted cycles. By introducing the dynamics of innovation, the simple two-dimensional model will be extended to a model similar to that developed by Chiarella [3].
ISSN:0031-5303
1588-2829
DOI:10.1007/s10998-008-5105-x