Abstract
Earlier work (Sonis and Hewings, 1993, 1995; Sonis, Hewings and Miyazawa 1997a) has explored new ways of examining the structure of regional economies using input-output and social accounting systems. In this paper, attention is focused on a new approach to the interpretation of Miyazawa's concepts of left and right multipliers in the decomposition of multiregional input-output systems. Using the technique of the multiplier product matrix (Sonis et al., 1997c), the hierarchical decomposition proposed exploits the insights offered by the fields of influence theory and provides a way of interpreting Miyazawa's left and right multipliers in terms of multiregional feedback loops.
Original language | English (US) |
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Pages (from-to) | 59-74 |
Number of pages | 16 |
Journal | Hitotsubashi Journal of Economics |
Volume | 40 |
Issue number | 1 |
State | Published - Jun 1 1999 |
Keywords
- Block decomposition
- Multiplier product matrix
- Multiregional imput-output
ASJC Scopus subject areas
- Business, Management and Accounting(all)
- Economics and Econometrics