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Analysis of Linear Multipliers in an Open Regional Economy

Author

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  • Maria Llop
  • Antonio Manresa

Abstract

Llop M. and Manresa A. (2007) Analysis of linear multipliers in an open regional economy, Regional Studies 41, 421-428. Since Round's pioneering contribution in 1985, the conventional approach for analysing the interdependences between economic systems involves multi-regional or multi-country models. The objective of the present paper is to provide a way of representing the linkages between an economy and foreign agents when data deficiencies prevent multi-regional models from being used. Specifically, it extends the model of linear multipliers so that it can represent the circular flow of income in an open economy. The paper also presents a decomposition of the global multipliers that makes it possible to identify the feedback effects associated with the foreign sector. With this decomposition, one can evaluate the real contribution of external relationships to income generation within the economy. Llop M. et Manresa A. (2007) Une analyse des multiplicateurs lineaires dans une economie regionale ouverte, Regional Studies 41, 421-428. Depuis la contribution innovatrice de Round en 1985, l'approche traditionnelle a l'analyse des interdependances entre les systemes economiques necessite des modeles construits a travers des regions ou des pays multiples. Cet article cherche a fournir une facon de presenter les liens entre une economie et les agents exterieurs au moment ou le manque de donnees empeche l'emploi de modeles a regions multiples. En particulier, on developpe le modele de multiplicateurs lineaires pour qu'il puisse representer le flux circulaire des revenus dans une economie ouverte. On presente aussi une decomposition des multiplicateurs mondiaux qui permet l'identification des retombees associees au marche exterieur. A partir de cette decomposition, on peut evaluer la vraie contribution des rapports externes a la generation des revenus au sein de l'economie. Multiplicaturs lineaires Marche exterieur Economie regionale Llop M. und Manresa A. (2007) Analyse linearer Multiplikatoren in einer offenen Regionalwirtschaft, Regional Studies 41, 421-428. Seit Rounds Pionierbeitrag von 1985 schliesst der herkommliche Ansatz zur Analyse der Wechselwirkungen zwischen Wirtschaftssystemen den Einsatz von Modellen mit mehreren Regionen oder Landern ein. Mit diesem Beitrag sollen Moglichkeiten zur Darstellung der Verbindungen zwischen einer Wirtschaft und auslandischen Akteuren aufgezeigt werden, wenn aufgrund von Datenmangeln keine regionsubergreifenden Modelle eingesetzt werden konnen. Insbesondere erweitern wir das Modell der linearen Multiplikatoren, um eine Darstellung des kreisformigen Einkommensstroms in einer offenen Wirtschaft zu ermoglichen. Ebenso stellen wir eine Aufgliederung der globalen Multiplikatoren vor, mit der es moglich wird, die mit dem auslandischen Sektor einhergehenden Ruckkopplungseffekte zu identifizieren. Mit Hilfe dieser Aufgliederung konnen wir den wahren Beitrag externer Beziehungen auf die Erzeugung von Einkommen innerhalb der Wirtschaft bewerten. Lineare Multiplikatoren Auslandischer Sektor Regionalwirtschaft Llop M. y Manresa A. (2007) Analisis de multiplicadores lineales en una economia regional abierta, Regional Studies 41, 421-428. Desde la contribucion pionera de Round en 1985, en el enfoque convencional para analizar las interdependencias entre los sistemas economicos se usan modelos de varias regiones o paises. En este ensayo aportamos un modo de representar los vinculos entre una economia y agentes extranjeros cuando no se pueden usar modelos de varias regiones debido a deficiencias en los datos. En concreto ampliamos el modelo de los multiplicadores lineales para poder representar el flujo circular de ingresos en una economia abierta. Tambien presentamos una descomposicion de los multiplicadores globales que permite identificar los efectos de retroalimentacion asociados al sector extranjero. Con esta descomposicion podemos evaluar la contribucion real de las relaciones externas para generar ingresos en la economia. Multiplicadores lineales Sector extranjero Economia regional

Suggested Citation

  • Maria Llop & Antonio Manresa, 2007. "Analysis of Linear Multipliers in an Open Regional Economy," Regional Studies, Taylor & Francis Journals, vol. 41(4), pages 421-428.
  • Handle: RePEc:taf:regstd:v:41:y:2007:i:4:p:421-428
    DOI: 10.1080/00343400701281824
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    Cited by:

    1. Fuentes Saguar, Patricia D. & Mainar Causapé, Alfredo J. & Cardenete, M. Alejandro, 2017. "Analysis of the Foreign Sector as an Endogenous Variable in SAM Linear Models: An Empirical Proposal/Análisis del sector exterior como variable endógena en los modelos lineales SAM: Una propuesta empí," Estudios de Economia Aplicada, Estudios de Economia Aplicada, vol. 35, pages 737-748, Agosto.
    2. Krystyna Gawlikowska-Hueckel & Jacek Szlachta, 2016. "The Vulnerability of Polish Regions to the Challenges of the Modern Economy," Gospodarka Narodowa, Warsaw School of Economics, issue 4, pages 23-46.

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