Using Spatial Econometric Techniques to Estimate Spatial Multipliers: An Assessment of Regional Economic Policy in Yucatan, Mexico
AbstractAlthough the traditional economic base model remains a useful tool for regional analysis, in a multi-region context it fails to account for feedback effects. In addition, since the model is typically applied to individual regions, formal assessment of variation in the magnitude of regional multipliers is rarely considered. These shortcomings may be addressed by using spatial econometric techniques to model the economic base relationship stochastically. In this study, I incorporate spatial effects into the traditional economic base model and find empirical evidence that economic activity in Yucatan, Mexico generates indirect impacts not only locally, but among other locations that are linked economically. These spatial multipliers may be employed to estimate the potential spillover effects of economic activity and analyze the implications of regional economic policy.
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Bibliographic InfoArticle provided by Southern Regional Science Association in its journal Review of Regional Studies.
Volume (Year): 33 (2003)
Issue (Month): 2 ()
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Policy; Regional; Regions; Spatial;
Find related papers by JEL classification:
- O18 - Economic Development, Technological Change, and Growth - - Economic Development - - - Urban, Rural, Regional, and Transportation Analysis; Housing; Infrastructure
- R11 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes
- R12 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Size and Spatial Distributions of Regional Economic Activity; Interregional Trade (economic geography)
- R15 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Econometric and Input-Output Models; Other Methods
- R58 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Regional Government Analysis - - - Regional Development Planning and Policy
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