Title :
Economic growth in a mixed urban economy: Infrastructure investment and labor migration
Author :
Hanson, D.A. ; Rabenau, B.
Author_Institution :
The Ohio State University, Columbus, Ohio
Abstract :
The growth path of a mixed, open urban economy is considered which is linked to the national economy through labor flows in the direction of higher per capita consumption. In its private sector, profit maximizing firms produce output, hiring individually labor but using jointly infrastructure with public good characteristics. The public sector divides via taxation output into consumption and infrastructural investments so as to maximize the current value of future per capita felicity. Urban growth paths are derived and public sector policies regarding labor migration and provision of infrastructure are analyzed.
Keywords :
Cities and towns; Finance; Government; Investments; Path planning; Productivity; Remuneration; Sensitivity analysis; Urban areas; Urban planning;
Conference_Titel :
Decision and Control including the 14th Symposium on Adaptive Processes, 1975 IEEE Conference on
Conference_Location :
Houston, TX, USA
DOI :
10.1109/CDC.1975.270599