THE REGIONAL STRUCTURE OF THE UNITED STATES ECONOMY

Eric C. Howe and Jack C. Stabler

Papers in Regional Science, 1992, vol. 71, issue 2, 175-191

Abstract: ABSTRACT A methodology is developed to divide an economy into regions, then is applied to the United States. These regions represent a departure from the ones currently used by the Bureau of Economic Analysis and the Bureau of the Census, both of which are criticized for being derived in an ad hoc fashion. The methodology uses a multiregional input‐output model, which is viewed as the simplest type of general equilibrium model containing regional detail. The optimal regions developed using this methodology are ones that minimize aggregation error.

Date: 1992
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https://doi.org/10.1111/j.1435-5597.1992.tb01841.x

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Persistent link: https://EconPapers.repec.org/RePEc:bla:presci:v:71:y:1992:i:2:p:175-191

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