A Microeconomic Input-Output Analysis of Regional Economic Instability

Roy Powell, Mark McGovern and Julian Morison
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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

International Regional Science Review, 1990, vol. 13, issue 1-2, 205-214

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.

Date: 1990
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Persistent link: https://EconPapers.repec.org/RePEc:sae:inrsre:v:13:y:1990:i:1-2:p:205-214

DOI: 10.1177/016001769001300113

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