Abstract
In a usual simulation analysis of a regional economy, only region-wise interaction mechanism built in a model is that of between a regional and national economy.On the contrary, our econometric model tries to clarify the multiple region-wise interaction mechanism between(1) the regional and the national economy, (2) the regional and other influential regional economy, (3) sub-regional economies included in the whole region.As a numerical example, the econometric model of ‘Chuyo Region’ - the region surrounding the City of Nagoya - is shown. The whole equation system consists of four sub-sets of simultaneous equations.The analysis is performed by comparing the following various elasticities calculated from coefficients obtained by equations in reduced form, ∂Oi/∂Oj•Oj/Oi, ∂Yi/∂Oj•Oj/Yi, ∂Oi/∂Gj Gj/Oi, where O means the output of the manufacturing industry in the region or sub-region, Y the income of the regional or sub-regional economy, G the national or regional or sub-regional government's expenditure, and the suffix i or j means ith or jth region or sub-region or the nation.
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