Long-Range Forecasting with a Regional Input-Output Model
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For some planning purposes national forecasts are adequate. But one of the outstanding characteristics of the American economy is its geographic diversity. Certain types of economic activities — generally those serving local or regional markets — are almost ubiquitous. But other sectors serve national markets, and within these sectors there is considerable regional specialisation. This specialisation provides the rationale for regional input-output studies.
KeywordsFinal Demand Trade Pattern Location Quotient Input Coefficient Regional Table
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