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Resource‐Constrained Export‐Base Regional Multipliers: A Northian Approach *
Author(s) -
Swales J. Kim
Publication year - 2005
Publication title -
journal of regional science
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.171
H-Index - 79
eISSN - 1467-9787
pISSN - 0022-4146
DOI - 10.1111/j.0022-4146.2005.00369.x
Subject(s) - economics , shock (circulatory) , multiplier (economics) , economic base analysis , base (topology) , microeconomics , macroeconomics , mathematics , medicine , mathematical analysis
. This paper attempts to rescue the regional export‐base growth model from a purely demand‐side interpretation. It formally develops the classic Northian approach, where the exploitation of region‐specific resources by export‐orientated production sectors determines regional growth. In this model, the nature of the regional expansion is shown to be stimulus‐specific with the value of the marginal export‐base multiplier varying within very wide limits, depending upon key characteristics of the region and the nature of the supply‐side shock to the export base.