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Author:

Xi, Xi (Xi, Xi.) | Gong, Yuanyuan (Gong, Yuanyuan.) | Yuan, Runze (Yuan, Runze.)

Indexed by:

SSCI Scopus SCIE

Abstract:

In the model setting of multiregional macroeconomic research, the constant return on scale of all production functions and the free flow of all production factors cannot be combined. Otherwise, the potential theoretical conflict, that is, the problem of contradiction equations, may arise. If there is a unified capital interest rate in the market and the return on scale of production in all regions remains unchanged, it is necessary to set restrictions on the flow of labor force in order to realize the differential wages among regions. When the interest rate is not too high, the regional wage increases with the larger output capital elasticity.

Keyword:

Author Community:

  • [ 1 ] [Xi, Xi]China Agr Univ, Coll Marxism, Beijing 100083, Peoples R China
  • [ 2 ] [Gong, Yuanyuan]Beijing Technol & Business Univ, Sch Commerce & Logist, Beijing 100048, Peoples R China
  • [ 3 ] [Yuan, Runze]Beijing Univ Technol, Sch Gengdan Business Inst, Beijing 101301, Peoples R China

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Source :

DISCRETE DYNAMICS IN NATURE AND SOCIETY

ISSN: 1026-0226

Year: 2021

Volume: 2021

1 . 4 0 0

JCR@2022

ESI Discipline: Multidisciplinary;

ESI HC Threshold:169

JCR Journal Grade:3

Cited Count:

WoS CC Cited Count: 4

SCOPUS Cited Count: 4

ESI Highly Cited Papers on the List: 0 Unfold All

WanFang Cited Count:

Chinese Cited Count:

30 Days PV: 2

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