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Estimating the impacts of regional business assistance programs: alternative closures in a computable general equilibrium model

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Papers in Regional Science

Abstract

Multipliers derived from regional Keynesian models are often used to justify regional business assistance programs. Econometric evidence on the efficacy of such programs is inconclusive. A regional, computable, general equilibrium model of key agricultural and energy-producing states was implemented to study the sensitivity of predicted impacts of regional business assistance programs to alternative model closures. The closures fall into two broad categories: Keynesian and neoclassical. The model also improves upon current methods used to evaluate regional business assistance programs.

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Authors and Affiliations

  1. Center for Business and Economic Research and Department of Economics, University of Nevada, Las Vegas 4505 Maryland Parkway, 89154, Las Vegas, Nevada, USA

    Dan S. Rickman

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  1. Dan S. Rickman
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Rickman, D.S. Estimating the impacts of regional business assistance programs: alternative closures in a computable general equilibrium model. Papers in Regional Science 71, 421–435 (1992). https://doi.org/10.1007/BF01434466

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