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In this chapter, in Sect. 12.1 we provide a sketch of the Keynesian multiplier and the multiplier–accelerator model by …
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the jobs multiplier effect in the high-tech sector is significantly different/higher than for almost any other sector … and significant local employment multiplier of 2.2 additional jobs. These results bear important implications for the …
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This paper reconsiders the theoretical foundations of EU regional policy in economics. It begins with a discussion of the line of thought of its prevalent explanation in equilibrium economics which is focusing on market failures as its key underpinning and which is the major toolkit of...
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In this paper we present a spatial nonparametric analysis of local multipliers. Following Moretti (2010), we estimate the effect of an exogenous shock in the employment of the tradable sector on the employment in either the nontradable sector or the rest of the tradable sector using a...
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