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A new approach to estimating interregional output multipliers using input-output data for South Korean regions

Author

Listed:
  • Malte Jahn

    (Hamburg Institute of International Economics)

  • Anthony Flegg

    (University of the West of England, Bristol)

  • Timo Tohmo

    (University of the West of England, Bristol)

Abstract

Flegg’s location quotient (FLQ) is a useful tool in estimating intraregional output multipliers. Here we use it as one component in estimating interregional multipliers. Using statistical information criteria, we demonstrate that, for South Korea, the best approach is to combine the FLQ with a simple trade model. Since the interregional trade flows do not seem to depend much on distances or adjacency, a gravity model is not required. We also find that the industry-specific FLQ (SFLQ) yields the best results when regions are analysed separately, whereas the FLQ outperforms the SFLQ once interregional trade flows are considered.

Suggested Citation

  • Malte Jahn & Anthony Flegg & Timo Tohmo, 2018. "A new approach to estimating interregional output multipliers using input-output data for South Korean regions," Working Papers 20181805, Department of Accounting, Economics and Finance, Bristol Business School, University of the West of England, Bristol.
    • Handle: RePEc:uwe:wpaper:20181805
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    File URL: https://www2.uwe.ac.uk/faculties/BBS/Documents/A%20new%20approach%20to%20estimating%20interregional%20output%20multipliers%20using%20input-output%20data%20for%20South%20Korean%20regions.pdf
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    References listed on IDEAS

    as
    1. Bernard Fingleton & Harry Garretsen & Ron Martin, 2015. "Shocking aspects of monetary union: the vulnerability of regions in Euroland," Journal of Economic Geography, Oxford University Press, vol. 15(5), pages 907-934.
    2. Anthony T. Flegg & Leonardo J. Mastronardi & Carlos A. Romero, 2016. "Evaluating the FLQ and AFLQ formulae for estimating regional input coefficients: empirical evidence for the province of Córdoba, Argentina," Economic Systems Research, Taylor & Francis Journals, vol. 28(1), pages 21-37, March.
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    Cited by:

    1. Georgios Lampiris & Christos Karelakis & Efstratios Loizou, 2020. "Comparison of non-survey techniques for constructing regional input–output tables," Annals of Operations Research, Springer, vol. 294(1), pages 225-266, November.

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