GENERAL EQUILIBRIUM OF A REGIONAL ECONOMY WITH A FINANCIAL SECTOR–PART II: A SIMPLE BEHAVIORAL MODEL
作者:
Merritt Hughes,
期刊:
Journal of Regional Science
(WILEY Available online 1992)
卷期:
Volume 32,
issue 1
页码: 19-37
ISSN:0022-4146
年代: 1992
DOI:10.1111/j.1467-9787.1992.tb00166.x
出版商: Blackwell Publishing Ltd
数据来源: WILEY
摘要:
ABSTRACT.Simple behavioral assumptions are incorporated into an accounting framework that provides linked budget and balance sheets for sectors of a regional economy. A short‐run Keynesian‐type model is developed where quantities rather than prices adjust, and where regional prices and interest rates are equal to national levels. The analysis highlights the importance of the financial services sector as an active factor in regional growth. Consumer deposit and debt preferences, and limitations imposed on credit extension by the financial services sector can have important effects on the regional economy as evidenced by changes in the export multipl
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