6533b826fe1ef96bd12846bf

RESEARCH PRODUCT

Testing and implementing a new approach to estimating interregional output multipliers using input-output data for South Korean regions

Malte JahnAnthony T. FleggTimo Tohmo

subject

sijaintiMathematical optimizationalueelliset erotComputer scienceGeography Planning and Development0211 other engineering and technologiestalousmaantiedealuetutkimusInformation Criteria02 engineering and technologyEtelä-KoreaFlegg's location quotient (FLQ)Component (UML)0502 economics and businessinterregional multipliersEarth and Planetary Sciences (miscellaneous)Economic base analysisHardware_ARITHMETICANDLOGICSTRUCTURES050207 economicspanos-tuotosanalyysiinformation criteriaInput/outputgravity model05 social sciencestuloksellisuus021107 urban & regional planninganalyysimenetelmätGravity model of tradeStatistics Probability and UncertaintyGeneral Economics Econometrics and Finance

description

Flegg's location quotient (FLQ) is a useful tool for estimating intraregional output multipliers. This paper uses it as one component when estimating interregional multipliers. Using statistical information criteria and official data for 16 South Korean regions, it is found that the best approach is to combine the FLQ with a simple trade model. The paper explains how the proposed procedure can be implemented for both multiple and individual regions, and also how a region-specific value for the unknown parameter δ in the FLQ formula can be determined. Finally, an illustrative case study of one of the regions is carried out.

yearjournalcountryeditionlanguage
2020-02-12
http://urn.fi/URN:NBN:fi:jyu-202003312595