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THE REGIONAL STRUCTURE OF THE UNITED STATES ECONOMY
Author(s) -
Howe Eric C.,
Stabler Jack C.
Publication year - 1992
Publication title -
papers in regional science
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.937
H-Index - 64
eISSN - 1435-5957
pISSN - 1056-8190
DOI - 10.1111/j.1435-5597.1992.tb01841.x
Subject(s) - census , regional science , economics , econometrics , economy , computer science , geography , sociology , population , demography
A methodology is developed to divide an economy into regions, then is applied to the United States. These regions represent a departure from the ones currently used by the Bureau of Economic Analysis and the Bureau of the Census, both of which are criticized for being derived in an ad hoc fashion. The methodology uses a multiregional input‐output model, which is viewed as the simplest type of general equilibrium model containing regional detail. The optimal regions developed using this methodology are ones that minimize aggregation error.