A necessary and sufficient condition for stability is derived for the mobile-capital Harris-Todaro model of rural to urban migration in developing countries when land is a scarce factor in agriculture. The stability condition when land is ignored-that the urban sector (comprising manufacturing industry and the urban unemployed) be more capital abundant-is no longer either necessary or sufficient for stability. Nevertheless, this condition always enhances stability and it is sufficient (though...Expand abstract
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Stability of the Mobile-Capital Harris-Todaro Model: Some Further Results.
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