Question
The Harris-Todaro model.
Answer :
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The Harris-Todaro model, developed by John R. Harris and Michael P. Todaro in 1970, explains rural-urban migration in developing countries. The core idea is that individuals migrate from rural areas to urban centers in search of higher wages, despite the risk of unemployment in the cities. The model assumes that urban employment is limited, and the probability of finding a job in the urban sector is directly related to the wage difference between the rural and urban sectors. In the Harris-Todaro model, the expected urban
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