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Macroeconomics and Regional Economics: New Relationships

Author

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  • Ben Chinitz

    (Unlisted)

Abstract

Until recently, macroeconomists, in their efforts to explain and predict levels of employment and output and related indicators for the national economy, operated on the assumption that the geographic distribution of economic activity within the national borders is irrelevant to their theories and calculations. Regional economists, on the other hand, have felt compelled to cast their analyses of the economic performance of particular places in a framework in which national totals were predetermined. But recent developments in the real word and in the world of economic research have modified the one-way dependency of Regional Economics on Macroeconomics in favor of a mutual dependency. Now the question of where is no longer ignored in economics.

Suggested Citation

  • Ben Chinitz, 1995. "Macroeconomics and Regional Economics: New Relationships," Eastern Economic Journal, Eastern Economic Association, vol. 21(2), pages 263-269, Spring.
  • Handle: RePEc:eej:eeconj:v:21:y:1995:i:2:p:263-269
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    File URL: http://web.holycross.edu/RePEc/eej/Archive/Volume21/V21N2P263_269.pdf
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    More about this item

    Keywords

    Macroeconomics; Regional;

    JEL classification:

    • R00 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General - - - General
    • E00 - Macroeconomics and Monetary Economics - - General - - - General

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