Economic development in industrialized countries is characterized by rising per capita GDP, increasing life expectancy, and an ever larger share of the population living in cities. We explain this pattern within a regional innovation-driven economic growth model with labor mobility and a...

This paper analyzes urban-rural coordinated development in a region, where big city and large rural area coexist, and proposes some major institutional innovations. Our basic assumptions include: the existence of large rural area cannot be changed in the short term; people's mobility will...