Abstract: It takes two to tango – Dichotomous principles in regional economic models

Authors: Nino Javakhishvili-Larsen and Bjarne Madsen.

Macroeconomic models are filled with dichotomous principles. It takes at least two factors to grasp the complexity of the ongoing processes in economy. Different types of macroeconomic models are built on two main principles, such as, quantity and price model, or static and dynamic model, or economic and demographic model. Regional economic models further integrate the spatial dimension, where the principles are also dichotomous, such as, origin and destination, or intra- and interregional. This paper attempts to explain the regional impacts of export jobs by revisiting regional economic models and Miyazawa’s extended demographic model developed for the Danish municipalities.

Abstract presentation at the 26th International Input-Output Conference & 8th Edition of the International School of I-O Analysis, 25-29 June 2018, Juiz de Fora, Brazil.