The flexible accelerator model and the 'regionalization' of capital stock estimates

Stilianos Alexiadis*, Daniel Felsenstein

*Corresponding author for this work

Research output: Contribution to journalArticlepeer-review

2 Scopus citations


This paper suggests a model of obtaining estimates of capital stock based on the theory of 'flexible accelerator'. However, this represents a rather 'indirect' method independently for each year and each region. Clearly this is an unrealistic condition, especially for regional economies characterized by mutual spatial dependence. To add an extra injection of realism, we illustrate how a national model of capital stock (the stock -flow model) can effectively be 'regionalized'.

Original languageAmerican English
Pages (from-to)39-44
Number of pages6
JournalRegional Science Inquiry
Issue number1
StatePublished - Jun 2012


  • Capital stock
  • Flexible accelerator
  • Spatial analysis
  • Stock-flow


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