Abstract
Many regional issues can be expressed in terms of regional balance of payments accounts. This framework in turn highlights a feature of regional economics to which little attention is paid: inter-regional capital flows. It is the presumption that these flows accommodate demand which explains the apparent absence of regional balance of payments problems. In fact, if capital flows are not accommodating, then regional balance of payments problems may be more serious than for countries with separate currencies, since they require income adjustment. Having explained the balance of payments accounts in regional terms and the nature and significance of inter-regional capital flows, the paper concludes with a discussion of data requirements, with particular reference to the Scottish case.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
