ISSN:
1432-0592
Source:
Springer Online Journal Archives 1860-2000
Topics:
Architecture, Civil Engineering, Surveying
,
Geography
,
Economics
Notes:
Abstract This paper investigates the impact of regional growth upon the local rate of consumer inflation. To capture both the temporal and spatial aspects in the study, a pooled time-series/cross-section approach was used. The analysis is based upon 1965–82 data for the 22 metropolitan areas for which the U.S. Bureau of Labor Statistics compiled CPI series. With a model specifying local inflation to be primarily determined by national trends but also influenced by local conditions, both area population and income growth were identified as positively related to local inflation rates. Using disaggregated price series, the effects of population growth were found to work solely through impacts upon the housing sector. The econometric procedures were performed upon the ASU IBM 3000 computer system using the SAS PROC TSCS.
Type of Medium:
Electronic Resource
URL:
http://dx.doi.org/10.1007/BF01287324
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