Urbanization and Development
Abstract
The level of urbanization and economic development are positively related. An increase in concentration of population at one place yield many positive externalities increasing productivity and efficiency. The relationship between two is extensively researched in many cross country studies and cross country income differentials are examined vis-a-vis the level and growth of urbanization. The empirical evidences suggested that relationship between urbanization and development changes with changes in the stage of development.
Keywords
Urbanization, Development, Urbanization and Growth
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