Neoclassical and Keynesian perspectives on the regional macro-economy - a computable general equilibrium approach
Harrigan, F. and McGregor, P.G. (1989) Neoclassical and Keynesian perspectives on the regional macro-economy - a computable general equilibrium approach. Journal of Regional Science, 29 (4). pp. 555-573. ISSN 0022-4146 (http://dx.doi.org/10.1111/j.1467-9787.1989.tb01244...)
Full text not available in this repository.Request a copyAbstract
Regional economic models typically either ignore prices altogether or simply treat them as exogenously determined. An unfortunate consequence of the neglect of prices is that model builders have been very much limited in the range of macroeconomic perspectives they have been able to bring to bear on regional economic issues. In this paper, we first explain how prices can be modeled endogenously at a regional level despite the paucity of data on regional prices. Using an illustrative interregional computable general equilibrium model for Malaysia, we then demonstrate how alternative macroeconomic visions of regional systems may be captured.
ORCID iDs
Harrigan, F. and McGregor, P.G. ORCID: https://orcid.org/0000-0003-1221-7963;-
-
Item type: Article ID code: 18046 Dates: DateEventNovember 1989PublishedSubjects: Social Sciences > Economic Theory Department: Strathclyde Business School > Economics Depositing user: Strathprints Administrator Date deposited: 28 Apr 2010 10:20 Last modified: 11 Nov 2024 09:14 URI: https://strathprints.strath.ac.uk/id/eprint/18046