A model of the interaction between regional financial markets and regional growth

Orley M. Amos; John R. Wingender

doi:10.1016/0166-0462(93)90030-I

A model of the interaction between regional financial markets and regional growth

Orley M. Amos, John R. Wingender

Research output: Contribution to journal › Article › peer-review

13 Scopus citations

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	https://doi.org/10.1016/0166-0462(93)90030-I
State	Published - Mar 1993
Externally published	Yes

All Science Journal Classification (ASJC) codes

Economics and Econometrics
Urban Studies

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AB - 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.

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