In light of the United Nations' (UN) latest urbanization projections, par- ticularly with respect to India and the … People's Republic of China, a good understanding is needed of what drives aggregate urbanization trends. Yet, previous … Urbanization Prospects, we use an instrumental variables approach to identify and analyze key urbanization determinants. We …

ties) than in sparsely populated areas. We also demonstrate that, for a low urbanization level, there is a unique steady …-state equilibrium where workers do not interact with weak ties, while, for a high level of urbanization, there is a unique steady … when social interactions are optimal, we show that there is over-urbanization in equilibrium. …