ESTIMATING THE IMPACTS OF REGIONAL BUSINESS ASSISTANCE PROGRAMS: ALTERNATIVE CLOSURES IN A COMPUTABLE GENERAL EQUILIBRIUM MODEL

Dan Rickman

Papers in Regional Science, 1992, vol. 71, issue 4, 421-435

Abstract: ABSTRACT Multipliers derived from regional Keynesian models are often used to justify regional business assistance programs. Econometric evidence on the efficacy of such programs is inconclusive. A regional, computable, general equilibrium model of key agricultural and energy‐producing states was implemented to study the sensitivity of predicted impacts of regional business assistance programs to alternative model closures. The closures fall into two broad categories: Keynesian and neoclassical. The model also improves upon current methods used to evaluate regional business assistance programs.

Date: 1992
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https://doi.org/10.1111/j.1435-5597.1992.tb01857.x

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Persistent link: https://EconPapers.repec.org/RePEc:bla:presci:v:71:y:1992:i:4:p:421-435

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