DYNAMIC REGIONAL MULTIPLIERS AND THE ECONOMIC BASE: AN APPLICATION OF APPLIED ECONOMETRIC TECHNIQUES
Derek Bond ()
Papers in Regional Science, 1990, vol. 69, issue 1, 21-30
ABSTRACT This paper considers recent developments in econometrics that have helped to resolve the apparent dichotomy between time‐series analysis and dynamic econometrics. In particular, the paper shows how the concepts of cointegration and error‐correction models can be used in the estimation of dynamic regional multipliers. Using the results of a pilot study for Northern Ireland it is shown how the techniques provide a new method for estimating the economic base, and an encompassing approach to early conflicting results.
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Persistent link: https://EconPapers.repec.org/RePEc:bla:presci:v:69:y:1990:i:1:p:21-30
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