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- Title
The Empirical Verification of the Urban Base Multiplier: Traditional and Adjustment Process Models.
- Authors
Moody, Harold T.; Puffer, Frank W.
- Abstract
In a review of the urban base multiplier by researcher Theodore Lane in the journal "Land Economics," he concludes that "urban multiplier analysis has emerged today as a powerful tool for analyzing and forecasting economic activity within a small geographic area."' Although the author warns of problems in applying the tool to a specific urban area, the implicit argument is that the base multiplier is useful. This article analyzes recent empirical measurement problems and seeks to extend the scope of the urban base multiplier in its application. As researcher John Meyer concluded in a review article on regional economics, regional economics has reached a stage where it could benefit from some redirection of effort away from the design of broad conceptual frameworks and accumulation of regional income accounts toward the formulation and testing of behavioral hypotheses. The authors have therefore tested traditional models that have been used to measure the urban base multiplier and introduce an adjustment mechanism to help explain some urban economic behavior.
- Subjects
UNITED States; MULTIPLIER (Economics); ECONOMIC activity; URBAN economics; ECONOMIC forecasting; REGIONAL economics; ECONOMICS; INCOME accounting; HYPOTHESIS
- Publication
Land Economics, 1970, Vol 46, Issue 1, p91
- ISSN
0023-7639
- Publication type
Article
- DOI
10.2307/3145430