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Concerns are mounting over the potential for weak future growth as the Korean economy faces a wide range of structural issues including an aging society, a crisis in key regional industries, and the COVID-19 pandemic. Due to these concerns, the Korean government has established innovation growth...
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the main framework is based on the two good--two country--three region Ricardian Model, including migration. We manifest that, even if the technology is improved in the foreign country at a moderate level so as not to exceed the technology in one advanced region in the home country and so as to...
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We present a comprehensive agent-based model of a closed system of cities. The model includes two types of agents - employees and firms. Firms compete for workers and make decisions concerning what to produce and whether to adopt innovations. Individual employees make migration decisions. Some...
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