Applications of input-output to regional analysis
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Input-output, as a method of analysis, has largely boon tailored to aspects of national rather than regional growth performance. This thesis attempts to illustrate how regional Matrix models, and regional adaptions of the national counterparts, can be used as effective tools of economic growth analysis. To effect this purpose, the thesis outlines the theoretical precepts necessary for the development of an input- output model. Subsequent chapters discuss the actual formulation of a commodity-by-industry absorption model, and the development of a derived regional transaction flow matrix. Since a regional economy is almost inevitably linked with other regional economies, the interregional aspect of regional economic growth is discussed in light of existing theories of production-trading floors. The development of production-trading moddel, with Scotland and the rest of the United Kingdom as the component parts, completes the preparation of statistical inputs necessary to facilitate the testing of analytical models in the ensuing chapters.