TY - JOUR
T1 - The flexible accelerator model and the 'regionalization' of capital stock estimates
AU - Alexiadis, Stilianos
AU - Felsenstein, Daniel
PY - 2012/6
Y1 - 2012/6
N2 - 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'.
AB - 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'.
KW - Capital stock
KW - Flexible accelerator
KW - Spatial analysis
KW - Stock-flow
UR - http://www.scopus.com/inward/record.url?scp=84873552176&partnerID=8YFLogxK
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AN - SCOPUS:84873552176
SN - 1791-5961
VL - 4
SP - 39
EP - 44
JO - Regional Science Inquiry
JF - Regional Science Inquiry
IS - 1
ER -