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A Microeconomic Input-Output Analysis of Regional Economic Instability

Author

Listed:
  • Roy Powell

    (Department of Agricultural Economics and Business Management, University of New England, Armidale, New South Wales 2351 Australia)

  • Mark McGovern

    (Department of Agricultural Economics and Business Management, University of New England, Armidale, New South Wales 2351 Australia)

  • Julian Morison

    (Department of Agricultural Economics and Business Management, University of New England, Armidale, New South Wales 2351 Australia)

Abstract

Regional economic instability is considered in the context of Australian rural regions. Beginning with an overview of case studies under-taken, a generalized framework is developed to make effective use of available regional input-output tables and incorporate a variety of dynamic reactions by firms to changes exogenous to the firms. A macroeconomic approach to a behavioral-based classification of firms is integrated with input-output impact analysis. It is suggested that diversity of behavior among firms might be a significant stabilizing element in regional economic management and that there is merit in further microlevel analysis of firms.

Suggested Citation

  • Roy Powell & Mark McGovern & Julian Morison, 1990. "A Microeconomic Input-Output Analysis of Regional Economic Instability," International Regional Science Review, , vol. 13(1-2), pages 205-214, April.
    • Handle: RePEc:sae:inrsre:v:13:y:1990:i:1-2:p:205-214
    DOI: 10.1177/016001769001300113
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    References listed on IDEAS

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    1. Rose, Adam, 1984. "Technological change and input-output analysis: An appraisal," Socio-Economic Planning Sciences, Elsevier, vol. 18(5), pages 305-318.
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