Abstract
Building on Harrigan and McGregor's (Journal of Regional Science, 1987,27,357-367) model of regional financial markets and Moore, Karaska and Hill's (Journal of Regional Science, 1985, 19, 29-35) Keynesian-type model of regional income, this analysis presents a modelofthe relationship between regional financial markets and regional income. Two version of the model are examined, one based on interest-rate induced regional expenditures and the other on credit expenditures. An empirical test suggests the credit-induced version of the model better reflects regional growth.
| Original language | English (US) |
|---|---|
| Pages (from-to) | 85-110 |
| Number of pages | 26 |
| Journal | Regional Science and Urban Economics |
| Volume | 23 |
| Issue number | 1 |
| DOIs | |
| State | Published - Mar 1993 |
| Externally published | Yes |
All Science Journal Classification (ASJC) codes
- Economics and Econometrics
- Urban Studies