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Title:
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Supply Multipliers in Two Regional Economies
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Author:
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Miguel Vélez, Francisco Javier de; Llop Llop, Maria; Manresa, Antonio, 1954-
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Other authors:
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Universitat Rovira i Virgili. Departament d'Economia; Universitat Rovira i Virgili. Centre de Recerca en Economia Industrial i Economia Pública |
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Abstract:
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This paper focuses on the analysis of the economic impact that sectorial total factor productivity
– or valued added - gains have on two regional Spanish economies (Catalonia and
Extremadura). In particular it is studied the quantitative effect that each sector’s valued added
injections has on household welfare (real disposable income), on the consumption price indices
and factor relative prices, on real production (GDP) and on the government and foreign net
income. To do that, we introduce the concept of supply multiplier. The analytical approach
consists of a computable general equilibrium model, in which it is assumed perfect competition
and cleared markets of goods and factors. All the parameters and exogenous variables of the
model are calibrated by means of two social accounting matrices, one for each region under
study. The results allow identifying those sectors with the greatest multipliers impact on
consumer welfare as the key sectors in the regional economies.
Keywords: efficiency gains, supply multipliers, key sectors, computable general equilibrium.
JEL Classification: C68, R13. |
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Publication date:
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2013 |
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Subject (UDC):
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332 - Economia regional i territorial. Economia del sòl i de la vivenda |
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Subject(s):
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Equilibri (Economia) -- Models matemàtics
Economia regional |
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Rights:
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L'accés als continguts d'aquest document queda condicionat a l'acceptació de les condicions d'ús establertes per la següent llicència Creative Commons: http://creativecommons.org/licenses/by-nc-nd/3.0/es/ |
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Pages:
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30 p. |
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Document type:
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Working Paper |
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Published by:
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Universitat Rovira i Virgili. Departament d'Economia
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Collection:
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Documents de treball del Departament d'Economia;2013-18
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