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research notes: Closing the case on closure in Cole's model

Author

Listed:
  • Randall W. Jackson

    (Department of Geography, Ohio State University, Columbus, OH 43210, USA)

  • Moss Madden

    (Department of Civic Planning Design, University of Liverpool, Liverpool L69 3 BX, UK)

Abstract

In his response to Closure in Cole's Reformulated Leontief Model (Jackson et al. 1997) Cole presents the mechanics of his solution. His spreadsheet demonstration of the model, however, fails to fully address the conceptual issues and model specification concerns raised in our critique. His demonstration does enable us to provide a sorely needed formalization that pinpoints the inconsistencies in his model. While we join with Cole in urging modellers to strive for clarity, transparency, and utility, we caution against allowing these goals to cause us to lose sight of internal consistency requirements.

Suggested Citation

  • Randall W. Jackson & Moss Madden, 1999. "research notes: Closing the case on closure in Cole's model," Papers in Regional Science, Springer;Regional Science Association International, vol. 78(4), pages 423-427.
  • Handle: RePEc:spr:presci:v:78:y:1999:i:4:p:423-427
    Note: Received: 9 September 1998
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    Citations

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    Cited by:

    1. Andre F. T. Avelino & Sandy Dall'erba, 2019. "Comparing the Economic Impact of Natural Disasters Generated by Different Input–Output Models: An Application to the 2007 Chehalis River Flood (WA)," Risk Analysis, John Wiley & Sons, vol. 39(1), pages 85-104, January.
    2. Yasuhide Okuyama & Michael Sonis & Geoffrey Hewings, 2006. "Typology of structural change in a regional economy: a temporal inverse analysis," Economic Systems Research, Taylor & Francis Journals, vol. 18(2), pages 133-153.

    More about this item

    Keywords

    Extended input-output; lagged expenditures; model validity;
    All these keywords.

    JEL classification:

    • C67 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Input-Output Models
    • R15 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Econometric and Input-Output Models; Other Methods
    • B41 - Schools of Economic Thought and Methodology - - Economic Methodology - - - Economic Methodology

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