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

Abstract

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 languageEnglish
Pages (from-to)39-44
Number of pages6
JournalRegional Science Inquiry
Volume4
Issue number1
StatePublished - Jun 2012

Keywords

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

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