Regional allocation of investment as a hierarchical optimization problem

Bagchi, A. and Olsder, G.J. and Strijbos, R.C.W. (1981) Regional allocation of investment as a hierarchical optimization problem. Regional Science and Urban Economics, 11 (2). pp. 205-213. ISSN 0166-0462

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Abstract:	A new formulation is given for the well-known problem of investment allocation between regions in the framework of a planning model. The case of a dual economy with a Cobb-Douglas production function is worked out in detail with an illustrative numerical example. The corresponding problem for an industrial economy with income disparity between two regions is also discussed.
Item Type:	Article
Copyright:	© 1981 Elsevier Science
Faculty:	Electrical Engineering, Mathematics and Computer Science (EEMCS)
Research Group:	Stochastic Systems and Signals (SST)
Link to this item:	http://purl.utwente.nl/publications/68818
Official URL:	http://dx.doi.org/10.1016/0166-0462(81)90004-1
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