Measuring Regional Multipliers: a Comparison between two Different Methodologies for the case of the italian Regions
AbstractThis paper focuses on theory and methodology in estimating Keynesian regional multipliers. After introducing the concept of Keynesian multipliers at both national and regional level and describe the database used, two methodologies are compared and applied to the case of the Italian regions: the Marginal propensities method (MPM) and the Aggregate leakages method (ALM). The higher multipliers values in Southern Italy, resulting from the application of both methodologies, are consistent with similar previous findings and appear to be related to the degree of openness of the local economy, the availability of resources and their marginal productivity, the level of wealth, income distribution and the consequent different consumption patterns.
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Bibliographic InfoArticle provided by FrancoAngeli Editore in its journal SCIENZE REGIONALI.
Volume (Year): 2003/1 (2003)
Issue (Month): 1 ()
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Web page: http://www.francoangeli.it/riviste/sommario.asp?IDRivista=103
Other versions of this item:
- Alessandra Faggian & Bianca Biagi, 2003. "Measuring Regional Multipliers: A Comparison between Two Different Methodologies for the Case Of The Italian Regions," ERSA conference papers ersa03p249, European Regional Science Association.
- R10 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - General
- E12 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Keynes; Keynesian; Post-Keynesian
- R15 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Econometric and Input-Output Models; Other Methods
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