ISSN:
1467-6435
Source:
Blackwell Publishing Journal Backfiles 1879-2005
Topics:
Sociology
,
Economics
Notes:
This paper wants to show that endogenous treatment of interregional capital movements should be an essential element in the analysis of regional development. Capital movements to or from a region are assumed to depend on the real prices of interregionally traded goods and on the supply of labour, technical progress, the development of the demand for goods, and the accumulation of wealth in that region. In this view interregional capital movements are a permanent phenomenon of regional growth and therefore should not be considered in the analysis of regional growth by treating them as exogenous disturbances. To present his view the author is using a neoclassical model based on neoclassical models of interregional (international) trade. By introducing assumptions on competition, factor mobility, etc., which are different from those typically used in neoclassical analysis, he tries to modify the results and to bring them nearer to reality.
Type of Medium:
Electronic Resource
URL:
http://dx.doi.org/10.1111/j.1467-6435.1969.tb00912.x
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