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) |
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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