A NEOCLASSICAL ANATOMY OF THE ECONOMIC BASE MULTIPLIER*
构建了一个介于凯恩斯出口基础理论与贸易模型之间的一般均衡模型,严格定义了经济基础乘数的组成部分,并讨论了平均与边际乘数的关系及关键参数的影响。
ABSTRACT Keynesian export base theory ignores the supply side of the economy, while trade models may overemphasize resource constraints. A general equilibrium model which stakes out a position between those extremes is developed and used to define rigorously the components of an economic base (EB) multiplier. Capital moves freely in and out of the regional economy, but the factor land is fixed. Interregional labor movements are caused by wage differentials. Factor and relative commodity prices are determined endogenously. Demand and supply sides of a small regional economy are included. The relationship between average and marginal EB multipliers, and between key parameters (regional size, several elasticities, etc.) and the marginal multiplier are discussed. The Keynesian constant EB multiplier can be derived from a special case of the model.