Testing and implementing a new approach to estimating interregional output multipliers using input-output data for South Korean regions
| Autor: | Malte Jahn, Anthony T. Flegg, Timo Tohmo |
|---|---|
| Jazyk: | angličtina |
| Rok vydání: | 2020 |
| Předmět: |
sijainti
Mathematical optimization alueelliset erot Computer science Geography Planning and Development 0211 other engineering and technologies talousmaantiede aluetutkimus Information Criteria 02 engineering and technology Etelä-Korea Flegg's location quotient (FLQ) Component (UML) 0502 economics and business interregional multipliers Earth and Planetary Sciences (miscellaneous) Economic base analysis Hardware_ARITHMETICANDLOGICSTRUCTURES 050207 economics panos-tuotosanalyysi information criteria Input/output gravity model 05 social sciences tuloksellisuus 021107 urban & regional planning analyysimenetelmät Gravity model of trade Statistics Probability and Uncertainty General Economics Econometrics and Finance |
| Popis: | Flegg's location quotient (FLQ) is a useful tool for estimating intraregional output multipliers. This paper uses it as one component when estimating interregional multipliers. Using statistical information criteria and official data for 16 South Korean regions, it is found that the best approach is to combine the FLQ with a simple trade model. The paper explains how the proposed procedure can be implemented for both multiple and individual regions, and also how a region-specific value for the unknown parameter δ in the FLQ formula can be determined. Finally, an illustrative case study of one of the regions is carried out. |
| Databáze: | OpenAIRE |
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