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That of the multiplier is a largely debated issue. Several studies propose estimates for it. This paper answers the question of how inequality affects the value of the multiplier. The proposed formulation is analytically derived from the Lorenz curve of income by means of Zanardi asymmetry...
Persistent link: https://www.econbiz.de/10012994328
A law issued to allocate reconstruction grants following the 2009 "Aquilano" earthquake has resulted in a large and unanticipated discontinuity across municipalities with comparable damages. Using diff-in-diff analysis we estimate the "local spending" and the "local tax" multipliers -- according...
Persistent link: https://www.econbiz.de/10013045488
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This paper is a reply to Oosterhaven's reply of the paper A critical comment on Oosterhaven-Stelder net multipliers written by de Mesnard in this issue of The Annals of Regional Science. It is argued that, unlike Oosterhaven's statement, (1) any coefficient must be stable but Oosterhaven-Stelder...
Persistent link: https://www.econbiz.de/10014052047
Most of the comment of de Mesnard applies to a causal interpretation of the net multiplier that is applied to economically impossible exogenous (changes in) total output. This reply shows that this interpretation is incorrect and that his further argumentation is based on a time inconsistent...
Persistent link: https://www.econbiz.de/10014052048
Recently, Oosterhaven and Stelder (OS, 2002) have introduced the operational idea of a 'compensated net multiplier' (CNM) to take into account the double counting that occurs when output replaces final demand as an exogenous entry when the Leontief model is used to evaluate operationally the...
Persistent link: https://www.econbiz.de/10014052049
Recently, Oosterhaven and Stelder (2002, Journal of Regional Science, 42, 533-543) (OS) addressed the issue of measuring the economic importance of an industry. In practice, the traditional multipliers are commonly multiplied by, for example, the outputs. According to OS, this is a misuse that...
Persistent link: https://www.econbiz.de/10014065782
This paper attempts to rescue the regional export-base growth model from a purely demand-side interpretation. It formally develops the classic Northian approach, where the exploitation of region-specific resources by export-orientated production sectors determines regional growth. In this model,...
Persistent link: https://www.econbiz.de/10014067297
This paper reviews several methods such as linear programming, location quotients, gravity models, fixed coefficients to analyze interegional trade flows. In this study multi-regional trade flows and multipliers are estimated using the Leontief input-output model. The empirical results from...
Persistent link: https://www.econbiz.de/10014168386