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GROWTH AND RESIDENTIAL DISTRIBUTION WITH SOLOW ALONSO AND DIXITSTIGLITZ INTEGRATED

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30 Pages : 312-326

http://dx.doi.org/10.31703/gssr.2020(V-II).30      10.31703/gssr.2020(V-II).30      Published : Jun 2

Growth and Residential Distribution with Solow, Alonso, and Dixit-Stiglitz Integrated

Abstract

    The purpose of this study is to deal with dynamic interdependence between economic growth, economic structure, and residential distribution. It develops a spatial dynamic economic model on basis of microeconomic foundation. It integrates the economic mechanisms of the Solow one-sector growth model, the Alonso spatial residential model, and the Dixit-Stiglitz equilibrium model with imperfect market. We apply neoclassical economic growth of perfect competition to describe the growth determinant, the neoclassical urban residential model to determine residential location, and the basic model of new growth theory with imperfect market to take account of perfect and imperfect competition in spatial equilibrium structure. The basic economic mechanisms of the three approaches are integrated by using Zhang new approach to formally model household behavior. We determine the motion by simulation. Then we conduct comparative dynamic analysis to analyze how exogenous changes in different parameters affect residential distribution, economic growth, and economic structure. The study shows how changes in preferences and technologies affect economic growth, economic structure, land rent, and residential distribution.

    Urban Dynamics, Alonso Urban Model, Solow Growth Model, Dixit-Stiglitz Model; Imperfect Competition, Capital Accumulation, Residential Distribution, Land Rent

    (1) Wei- Bin Zhang
    Professor, Ritsumeikan Asia Pacific University, Japan
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Cite this article

APA

CHICAGO

    CHICAGO : Zhang, Wei- Bin. 2020. "Growth and Residential Distribution with Solow, Alonso, and Dixit-Stiglitz Integrated." Global Social Sciences Review, V (II): 312-326 doi: 10.31703/gssr.2020(V-II).30

HARVARD

    HARVARD : ZHANG, W. B. 2020. Growth and Residential Distribution with Solow, Alonso, and Dixit-Stiglitz Integrated. Global Social Sciences Review, V, 312-326.

MHRA

    MHRA : Zhang, Wei- Bin. 2020. "Growth and Residential Distribution with Solow, Alonso, and Dixit-Stiglitz Integrated." Global Social Sciences Review, V: 312-326

MLA

    MLA : Zhang, Wei- Bin. "Growth and Residential Distribution with Solow, Alonso, and Dixit-Stiglitz Integrated." Global Social Sciences Review, V.II (2020): 312-326 Print.

OXFORD

    OXFORD : Zhang, Wei- Bin (2020), "Growth and Residential Distribution with Solow, Alonso, and Dixit-Stiglitz Integrated", Global Social Sciences Review, V (II), 312-326

TURABIAN

    TURABIAN : Zhang, Wei- Bin. "Growth and Residential Distribution with Solow, Alonso, and Dixit-Stiglitz Integrated." Global Social Sciences Review V, no. II (2020): 312-326. https://doi.org/10.31703/gssr.2020(V-II).30