This paper introduces endogenous time distribution between work and leisure into a two-sector growth model. We differ from the traditional growth theory in that we introduce a novel economic mechanism to determine consumers' decision on time distribution, consumption and saving. The utility...

The purpose of this study is to construct an economic growth model with environmental change and preference formation. The paper is focused on dynamic interactions among capital accumulation, environmental change, habit formation, preference change, and division of labor in perfectly competitive...

The purpose of this study is to examine effects of tourism on economic development. We build an economic growth model of a small open country with tourism in a perfectly competitive economy. The economy consists of one service sector and one industrial sector. International tourists and domestic...

The purpose of this study is to develop a two sector growth model with elastic labor supply and preference change. The preference change is influenced by the ideas of time preference and habit formation in the Ramsey-type growth theory. This study deals with interactions among capital...

This paper proposes a growth model with heterogeneous capital and consumption goods and services. It structurally generalizes the Uzawa growth model by introducing heterogeneous capital and multiple consumption goods and services. We show the dynamic properties of the model and simulate the...

The purpose of this article is to examine the trade and economic linkages across the Taiwan straits from the dynamic economic and political perspectives. In particular, we study the pattern and structure of the cross-straits trade and business linkages using game theory arguments. We assess the...

The purpose of this study is to develop an urban model describing an economic dynamics of three parts--the CBD, the residential area and the agricultural area--in an isolated urban system. The system consists of three--agricultural, industrial, and service--sectors. The model describes dynamic...

This paper develops a multi-regional growth model with amenity, capital accumulation and regional public goods. The economy consists of any number of regions and each region consists of the industrial sector and public sector. The industrial sector provides goods in perfectly competitive...

This book is part of a broad examination of Confucianism and its implications for modernization of the Confucian regions (covering mainland China, Taiwan, Hong Kong, Macau, Vietnam, Japan, South Korea, North Korea, and Singapore). It is mainly concerned with the industrialization and...