Eine Plattform für die Wissenschaft: Bauingenieurwesen, Architektur und Urbanistik
Eine Plattform für die Wissenschaft: Bauingenieurwesen, Architektur und Urbanistik
Abstract. In Closing the Case on Closure in Cole's Model Randall Jackson and Moss Madden critique my solution to the time-lagged regional input-output model. My rebuttal demonstrates that they: i) interpret my model incorrectly, ii) are inconsistent in their own specification, and iii) make inapplicable numerical comparisons between short- and long-term solutions. I show also iv) the correct solution to the totally closed model is neither trivial, nor singular, and v) this resolves the apparent paradox of infinite multipliers in a finite world. Moreover, vi) in my model, injecting exogenous demands equal to export earnings correctly reproduces the base output levels. The standard model does not meet this test.
Abstract. In Closing the Case on Closure in Cole's Model Randall Jackson and Moss Madden critique my solution to the time-lagged regional input-output model. My rebuttal demonstrates that they: i) interpret my model incorrectly, ii) are inconsistent in their own specification, and iii) make inapplicable numerical comparisons between short- and long-term solutions. I show also iv) the correct solution to the totally closed model is neither trivial, nor singular, and v) this resolves the apparent paradox of infinite multipliers in a finite world. Moreover, vi) in my model, injecting exogenous demands equal to export earnings correctly reproduces the base output levels. The standard model does not meet this test.
The phantom of the matrix: Inverting the case on closure in Cole's model
Cole, Sam (Autor:in)
1999
Aufsatz (Zeitschrift)
Englisch
BKL:
74.12
Stadtgeographie, Siedlungsgeographie
The phantom of the matrix: Inverting the case on closure in Cole's model
| Online Contents | 1999
Closing the case on closure in Cole's model
| Online Contents | 1999
Closing the case on closure in Cole's model
| Online Contents | 1999
Closure In Cole's Reformulated Leontief Model
| Online Contents | 1997
Lessons from the debate on Cole's model closure
| Online Contents | 2000