Regional Economics. Lecture 5 and 6 Sedef Akgüngör. Regional Growth. P rocesses of growth (or more broadly, change) in the economies of regions is measured by: Relative Regional Growth in Population A substantial variation among major regions in per capita income
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Lecture 5 and 6
k is the Keynesian regional multiplier and is given by:
(c-m) =the marginal propensity to consume locally produced goods.
t= tax rate
Example: Label for Geographic Origin may help increase the value of local products and products to become world class brands….