Migration In A Stochastic Environment:An Extension Of The Harris And Todaro Model Based On The Optimal Stopping Theory
Journal Title: International Journal Of Management And Economics Invention - Year 2015, Vol 1, Issue 7
Abstract
The present paper constructs an extended HarrisTodaro model that incorporates environmental stock, by making use of the optimal stopping theory, to examine the properties of migration in an economy where environment fluctuates stochastically. It is revealed that if uncertainty of environment in the rural area increases,
Authors and Affiliations
Yasunori Fujita
Keywords
Related Articles
- EP ID EP211375
- DOI -
- Views 114
- Downloads 0
Effect of knowledge-based entrepreneurship on sustainable development in emerging economies
The study investigated the relationship between knowledge-based entrepreneurship and economic development in emerging economies Brazil and Malaysia covering 25 years (1989 – 2013). The study employed cointegration techni...
Effects of Strategic Factors on Organizational Performance; A Case Study of the Kenya Geothermal Development Sector (Kengen)
Background information indicates that firms which fail to analyze their strategy ultimately underperform or perish. Numerous strategic performance management theories and a conceptualized model support this empirical res...
Application of Real Options in the Governance of Innovation
This presentation starts from the analysis of real option to that of the game options and analyzes how strategic interactions are taking into account in corporate governance. Focusing on strategic investment decision, th...
Consumer Impacts for the Milk Production in Albania (Descriptive Analysis)
As milk is a very important component of the Albanians diet, this study explores consumer preferences for milk in Albania and also tries to determine consumers types based on their preferences and socio-demographic facto...
Cost Sharing As An Alternative Approach To Financing Agricultural Technology Transfer In Nasarawa State, Nigeria
The study ascertained cost sharing as an alternative approach to financing agricultural technology transfer in Nasarawa State, Nigeria. Interview schedule/questionnaire as well as Focus Group Discussion (FGD) were used t...