Handbook of Regional Growth and Development Theories
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Handbook of Regional Growth and Development Theories

Revised and Extended Second Edition

Edited by Roberta Capello and Peter Nijkamp

Regional economics – an established discipline for several decades – has undergone a period of rapid change in the last ten years resulting in the emergence of several new perspectives. At the same time the methodology of regional economics has also experienced some surprising developments. This fully revised and updated Handbook brings together contributions looking at new pathways in regional economics, written by many well-known international scholars. The aim is to present the most cutting-edge theories explaining regional growth and local development. The authors highlight the recent advances in theories, the normative potentialities of these theories and the cross-fertilization of ideas between regional and mainstream economists. It will be an essential source of reference and information for both scholars and students in the field.
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Chapter 24: Modern regional input–output and impact analysis

Jan Oosterhaven, Karen R. Polenske and Geoffrey J.D. Hewings


This chapter presents the Type I, II and III demand-driven regional and interregional input–output (IO) models and their microeconomic foundations. It discusses why realistic multipliers probably lay somewhere halfway between the Type I and Type II multipliers and how they can be used in impact analyses. It continues with the presentation of the dual IO price model and how it can be used for cost-push wage/price inflation analysis. The theoretical part of the chapter ends with the micro foundation of the entirely implausible supply-driven IO model in which cars may drive without gas and factories may work without labour. Its dual price model is argued to be less implausible and suited for demand-pull price/wage inflation analysis. The second part of the chapter presents an overview of the development of IO data construction methods and commercial IO-based models used for regional and interregional impact analysis, especially in the USA.

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