In this chapter, in Sect. 12.1 we provide a sketch of the Keynesian multiplier and the multiplier–accelerator model by Hansen and Samuelson. The description of the Kaldor model (Sect. 12.2) is introduced by the related literature (Sect. 12.2.1). As Kaldor described his model only...

This paper analyses the consumption patterns of tourists coming from different domestic origins and choosing other domestic destinations in Brazil, in terms of expenditure level and composition. We also look at different alternative of financing tourist expenditures and their implications for...

This paper quantifies the effect of a local labor demand shock in the tradable sector on the employment in the non-tradable sector for Italy. Following Moretti (2010) and Moretti and Thulin (2013) we analyse for Italy's case the effect on the employment in tradable and non-tradable sector due to...

Today, the interest in the old industrial complex's regeneration project is heightened. That's because the existing industrial complex leading Korea's growth period has declined by external factor including economic recession and industrial structure change and because the need of regeneration...

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...

I show that the nontradable sector of a regional economy benefits from attracting jobs in the tradable sector. I find that on average one new job in a tradable industry in a city will attract 1.02 extra jobs in the nontradable sector of that same city. This local multiplier effect increases with...