A Microeconomic Input-Output Analysis of Regional Economic Instability
Regional economic instability is considered in the context of Australian rural regions. Beginning with an overview of case studies under-taken, a generalized framework is developed to make effective use of available regional input-output tables and incorporate a variety of dynamic reactions by firms to changes exogenous to the firms. A macroeconomic approach to a behavioral-based classification of firms is integrated with input-output impact analysis. It is suggested that diversity of behavior among firms might be a significant stabilizing element in regional economic management and that there is merit in further microlevel analysis of firms.
Year of publication: |
1990
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Authors: | Powell, Roy ; McGovern, Mark ; Morison, Julian |
Published in: |
International Regional Science Review. - Vol. 13.1990, 1-2, p. 205-214
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Saved in:
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