An analysis of the dynamic multiplier in a two-region economy

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dc.contributor.authorTsai, Ying-Yien_ZA
dc.date.accessioned2015-10-25T17:01:57Z
dc.date.available2015-10-25T17:01:57Z
dc.date.issued1992en_ZA
dc.descriptionBibliography: leaves 24-26.en_ZA
dc.description.abstractIn the literature on regional economics various models have been developed to study the causes of economic growth and income fluctuations within a region. One of the best known models is that of the export base. The validity and general applicability of this model was first emphasised by North (1955), though Tiebout (1956) subsequently refuted it by claiming that factors other than exports may have a strong effect on the growth of a region. These factors included private investment, government expenditure and productivity increases amongst local industries. The North-Tiebout debate focuses essentially on the difference between the long-run and the short-run sources of regional economic growth. The North-Tiebout debate was followed by two main approaches: one based on the Keynesian income-expenditure approach and the other on input-output analysis. This essay is concerned with the application of the Keynesian approach within the context of a two-region economy. Section 2 provides a review of the literature on the export base and Keynesian approaches. This is followed, in section 3, by a discussion of Hartman and Seckler's application of dynamic analysis to the regional economy. Section 4 then shows how the Keynesian model can be adapted and applied to a two- region dynamic framework. Finally, in section 5, the stability conditions of the Keynesian model are examined, while final conclusions are drawn in section 6.en_ZA
dc.identifier.apacitationTsai, Y. (1992). <i>An analysis of the dynamic multiplier in a two-region economy</i>. (Thesis). University of Cape Town ,Faculty of Commerce ,School of Economics. Retrieved from http://hdl.handle.net/11427/14303en_ZA
dc.identifier.chicagocitationTsai, Ying-Yi. <i>"An analysis of the dynamic multiplier in a two-region economy."</i> Thesis., University of Cape Town ,Faculty of Commerce ,School of Economics, 1992. http://hdl.handle.net/11427/14303en_ZA
dc.identifier.citationTsai, Y. 1992. An analysis of the dynamic multiplier in a two-region economy. University of Cape Town.en_ZA
dc.identifier.ris TY - Thesis / Dissertation AU - Tsai, Ying-Yi AB - In the literature on regional economics various models have been developed to study the causes of economic growth and income fluctuations within a region. One of the best known models is that of the export base. The validity and general applicability of this model was first emphasised by North (1955), though Tiebout (1956) subsequently refuted it by claiming that factors other than exports may have a strong effect on the growth of a region. These factors included private investment, government expenditure and productivity increases amongst local industries. The North-Tiebout debate focuses essentially on the difference between the long-run and the short-run sources of regional economic growth. The North-Tiebout debate was followed by two main approaches: one based on the Keynesian income-expenditure approach and the other on input-output analysis. This essay is concerned with the application of the Keynesian approach within the context of a two-region economy. Section 2 provides a review of the literature on the export base and Keynesian approaches. This is followed, in section 3, by a discussion of Hartman and Seckler's application of dynamic analysis to the regional economy. Section 4 then shows how the Keynesian model can be adapted and applied to a two- region dynamic framework. Finally, in section 5, the stability conditions of the Keynesian model are examined, while final conclusions are drawn in section 6. DA - 1992 DB - OpenUCT DP - University of Cape Town LK - https://open.uct.ac.za PB - University of Cape Town PY - 1992 T1 - An analysis of the dynamic multiplier in a two-region economy TI - An analysis of the dynamic multiplier in a two-region economy UR - http://hdl.handle.net/11427/14303 ER - en_ZA
dc.identifier.urihttp://hdl.handle.net/11427/14303
dc.identifier.vancouvercitationTsai Y. An analysis of the dynamic multiplier in a two-region economy. [Thesis]. University of Cape Town ,Faculty of Commerce ,School of Economics, 1992 [cited yyyy month dd]. Available from: http://hdl.handle.net/11427/14303en_ZA
dc.language.isoengen_ZA
dc.publisher.departmentSchool of Economicsen_ZA
dc.publisher.facultyFaculty of Commerceen_ZA
dc.publisher.institutionUniversity of Cape Town
dc.subject.otherEconomicsen_ZA
dc.titleAn analysis of the dynamic multiplier in a two-region economyen_ZA
dc.typeMaster Thesis
dc.type.qualificationlevelMasters
dc.type.qualificationnameMSocScen_ZA
uct.type.filetypeText
uct.type.filetypeImage
uct.type.publicationResearchen_ZA
uct.type.resourceThesisen_ZA
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