A GENERAL EQUILIBRIUM ANALYSIS OF RURAL‐URBAN MIGRATION UNDER UNCERTAINTY
分析了在农业不确定性和城市失业并存的经济中,相对价格外生变动如何降低农业利润,并影响发展中国家的城乡迁移。
"This paper analyzes the implications of an exogenous shift in relative prices for an economy that suffers from urban unemployment, as well as uncertainty in the agricultural sector. Among other things, we show that with agricultural uncertainty, an exogenous shift in relative prices will lower agricultural profit. This result is in sharp contrast with the conventional case of risk-neutrality or certainty where agricultural profit is unaffected by changes in the terms of trade." The consequences for rural-urban migration in developing countries are implied.