Title A multiplier evaluation of primary factors supply–shocks in a regional economy
Authors CARDENETE FLORES, MANUEL ALEJANDRO, Lima M.C., Sancho F., CARDENETE FLORES, MANUEL ALEJANDRO
External publication No
Means Pap. Reg. Sci.
Scope Article
Nature Científica
JCR Quartile 2
SJR Quartile 1
JCR Impact 2.22000
Area International
Web https://www.scopus.com/inward/record.uri?eid=2-s2.0-85066055669&doi=10.1111%2fpirs.12443&partnerID=40&md5=dba1bbf40955ee382b209128d8557709
Publication date 01/01/2019
ISI 000490063800007
Scopus Id 2-s2.0-85066055669
DOI 10.1111/pirs.12443
Abstract Demand-side multipliers have ruled within multisectorial models as the main indicators for policy effectiveness and key-sector determination both in linear interindustry analysis and in non-linear applied general equilibrium models. In this paper we shift the perspective to supply-side injections by studying the effects of marshalling additional primary factors (K, L) that give rise to a general resource reallocation. We obtain estimates of supply multipliers by numerically approximating the underlying and unobservable general equilibrium Jacobian matrix. These estimates provide complementary information to standard demand multipliers. We illustrate the methodology using an empirical general equilibrium model for the region of Andalusia, Spain. © 2019 The Author(s). Papers in Regional Science © 2019 RSAI
Keywords applied general equilibrium; Supply multipliers; supply-side key sectors
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