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Full Description
This is the first book that uses the Harris - Todaro (H-T) model to study contemporary economic issues in developing countries, with a particular focus on China. The zenith of research utilizing this model occurred in the 1990s, primarily addressing the impact of economic policies during labor migration on wages and employment across various sectors, international trade, urban unemployment rates, and social welfare. After nearly four decades, research in this area gradually faded from the spotlight. Post-2010, however, there has been a resurgence in H-T model studies. Scholars have begun using this model to explore contemporary issues, revealing unprecedented insights and showcasing its robust applicability and vitality.
The book features 13 papers authored by contributors since 2018, each utilizing the H-T model and published in various academic journals. It delves into pivotal issues of contemporary economic development in developing countries like China, including dual agricultural economy, producer services, foreign direct investment, agricultural pollution, migrant workers' remittances, and agricultural human capital investment. The book constructs general equilibrium models by integrating these topics with the H-T model, providing a framework to assess the impact of economic policies. Methodologically, it goes beyond conventional approaches by introducing constant elasticity of substitution functions and other methods to precisely express contemporary economic problems. Numerical simulations to examine the impact of economic policies are also used. Beyond presenting solutions to the current economic problems in developing countries, this book provides academic references for economic theory researchers.
Contents
Chapter 1. Introduction.- Chapter 2. Is Human-Capital Investment Necessary to Modernization? The Effect of Rural Polytechnic Training in Dual Agriculture.- Chapter 3. International Factor Mobility and Environment in a Dual Agricultural Economy.- Chapter 4. Rural Dual Economics, Subsidy Policy and the Income Inequality Between Skilled and Unskilled Workers.- Chapter 5. Rural-Urban Migrants' Remittance and Agricultural Pollution in the Presence of Agricultural Dualism.- Chapter 6. Pollution Mitigation, Unemployment Rate and Wage Inequality in the Presence of Agricultural Pollution.- Chapter 7. Agricultural Producer Service Subsidies and Agricultural Pollution: An Approach Based on Endogenous Agricultural Pollution.- Chapter 8. Partial Privatization, Producer Services and Unemployment in Developing Countries.- Chapter 9. Capital Market Distortion, Agricultural Producer Service and Wage Inequality in the Small-Scale Agriculture.- Chapter 10. Migrant Remittance, Agricultural Producer Services and Environmental Pollution.- Chapter 11. Research on Effects of Integration of Primary, Secondary and Tertiary Industries in Rural Areas of Developing Countries: An Approach of Rural Capital Subsidies.- Chapter 12. Industrial Upgrading: Rural-Urban Migrant's Training Costs and Heterogeneous Labor Migration.- Chapter 13. Rural-Urban Migrants' Remittances and Wage Inequality: Evidence from China.-Chapter 14. Foreign Investment and Environment in Developing Countries: A Perspective from Agricultural Subsidy with Foreign Capital Taxation.
