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  • Blackwell Publishing Ltd  (2)
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  • 1
    Electronic Resource
    Electronic Resource
    Oxford, UK : Blackwell Publishing Ltd
    Review of income and wealth 17 (1971), S. 0 
    ISSN: 1475-4991
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
    Notes: This paper discusses the conceptual framework in which regional economic accounts in the United States are viewed and the functions which those accounts serve. It points out that the major differences between regional and national accounts relate to factor returns to capital. First, returns to capital are extremely difficult, if not impossible, to measure meaningfully on a geographic basis. Secondly, because the capital market in the United States is a reasonably perfect one geographically, the return to capital that originates in a given region has little significance as either a stimulant or a constraint to production in that region.In terms of the functions of regional accounts, the point is made that whereas national economic accounts can aid economic decision-making in three general areas of policyallocation, distribution and stabilization—with perhaps greatest emphasis now placed on the last of these, regional accounts are most useful in matters relating to allocation and distribution.Information needed for the use of regional accounts in decision-making with regard to allocation and distribution problems is examined. Against these needs are placed an inventory of regional accounts which are available in the Regional Economics Division, Office of Business Economics. The available accounts are found to fall considerably short of those needed for allocation decisions. In contrast, regional accounts as presently constituted have much to offer as tools for analyzing the problems of regional economic distribution, although here too, much additional information is needed.
    Type of Medium: Electronic Resource
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  • 2
    Electronic Resource
    Electronic Resource
    Oxford, UK : Blackwell Publishing Ltd
    Growth and change 3 (1972), S. 0 
    ISSN: 1468-2257
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Geography , Economics
    Notes: The case against a gross state product series is presented by the Associate Director for Regional Economic Analysis of the Commerce Department's Office of Business Economics (which recently changed its name to the Bureau of Economic Analysis). Dr. Graham, the newest member of this journal's editorial board, also provides some glimpses into the kitchen where his office is preparing new data morsels for regional economists.
    Type of Medium: Electronic Resource
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