Abstract
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.
Original language | English |
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Pages (from-to) | 223-250 |
Number of pages | 27 |
Journal | Journal of Regional Science |
Volume | 45 |
Issue number | 1 |
DOIs | |
Publication status | Published - 2005 |
Keywords
- trade
- economics