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...

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...

Recent research shows that urban heritage can be an important factor of residential location choice, and that especially highly educated households are attracted by the presence of cultural heritage. In this paper, we use a location choice model to investigate the attractiveness of neighborhood...

This paper illustrates the effect of employment in the tradable sector on employment in the non-tradable sector in the same city with a simple model. The model predicts a significant positive local employment multiplier that increases in size with the unemployment rate. It also predicts that the...