Measuring regional multipliers: a comparison between two different methodologies in the case of the Italian regions
Measuring regional multipliers: a comparison between two different methodologies in the case of the Italian regions
This paper focuses on theory and methodology in estimating Keynesian regional multipliers. After introducing the concept of Keynesian multipliers at both national and regional level and describe the database used, two methodologies are compared and applied to the case of the Italian regions: the "Marginal propensities method" (MPM) and the "Aggregate leakages method" (ALM). The higher multipliers values in Southern Italy, resulting from the application of both methodologies, are consistent with similar previous findings and appear to be related to the degree of openness of the local economy, the availability of resources and their marginal productivity, the level of wealth, income distribution and the consequent different consumption patterns. Keywords: Keynesian multipliers, Italian regions, regional disparities JEL-classification: R10, E12, R15
33-58
Faggian, Alessandra
e970c6b0-82d6-4ae9-8ef5-db7b718bcd65
Biagi, Bianca
c2b9cb3a-b94c-43af-91c4-13e6af79b312
2003
Faggian, Alessandra
e970c6b0-82d6-4ae9-8ef5-db7b718bcd65
Biagi, Bianca
c2b9cb3a-b94c-43af-91c4-13e6af79b312
Faggian, Alessandra and Biagi, Bianca
(2003)
Measuring regional multipliers: a comparison between two different methodologies in the case of the Italian regions.
Italian Journal of Regional Science, 1 (2), .
Abstract
This paper focuses on theory and methodology in estimating Keynesian regional multipliers. After introducing the concept of Keynesian multipliers at both national and regional level and describe the database used, two methodologies are compared and applied to the case of the Italian regions: the "Marginal propensities method" (MPM) and the "Aggregate leakages method" (ALM). The higher multipliers values in Southern Italy, resulting from the application of both methodologies, are consistent with similar previous findings and appear to be related to the degree of openness of the local economy, the availability of resources and their marginal productivity, the level of wealth, income distribution and the consequent different consumption patterns. Keywords: Keynesian multipliers, Italian regions, regional disparities JEL-classification: R10, E12, R15
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Published date: 2003
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Local EPrints ID: 57994
URI: http://eprints.soton.ac.uk/id/eprint/57994
ISSN: 1720-3929
PURE UUID: 8adf53ae-d1d3-4917-9592-8c8ceaeaf626
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Date deposited: 11 Aug 2008
Last modified: 11 Dec 2021 17:54
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Author:
Alessandra Faggian
Author:
Bianca Biagi
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