We theoretically analyze unbalanced growth in an urban economy arising from the preferences of the creative class concerning the relative desirability of agricultural, manufacturing, and service goods. We study two cases. In the first case, the production functions for the three categories of...

How should one manage the problem of resistance to antibiotics and pesticides? The formal modeling of this question is very much in its infancy. Therefore, we construct a dynamic and stochastic model of antibiotic or pesticide use to investigate the relative merits of two kinds of treatment...

Purpose – The aim of this paper is to explain the relationship between economic performance and labour manoeuvrability of township-village enterprises in the Jiangsu province, People's Republic of China. Design/methodology/approach – After a concise general overview of recent economic...

Insight into the investment behaviour of firms is central in understanding economic dynamics. A critical question, however, is whether firms provide sufficiently reliable data to enable them to make plausible forecasts at the meso (regional or sectoral) level. This paper analyses Dutch...

We study innovation and the resulting Schumpeterian economic growth that this innovation gives rise to in a model with N heterogeneous regions. For each region i where i = 1,…,N, our analysis leads to six findings. First, we define the balanced growth path (BGP) allocations and the...