Regional Input-Output Models Adjusted by Import-Export Survey Data

Bill Miller and Peng Li Liu

Journal of Agricultural and Applied Economics, 1975, vol. 7, issue 2, 61-67

Abstract: Regional analysis has been accepted as a subdiscipline of economics. The signal importance and outlines of the discipline were perhaps most clearly stated in a survey by Meyer in 1965: He asserted that the most characteristic feature of regional analysis was its pragmatic origin. Regional analytic models seem to have grown out of needs to understand and analyze regional problems, despite significant conceptual and data problems. Conceptually, all classical economic theory is involved. In addition, more modern dimensions of location and equilibrium of multiple economies must be confronted. Data problems are magnified by the spatial dimension, since the accounting series implied for most aggregate analysis is available only on a national basis.

Date: 1975
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