| Date: |
2012 |
| Description: |
21 p. |
| Abstract: |
Multipliers are routinely used for impact evaluation of private projects and public policies at the national and subnational levels. Oosterhaven and Stelder (2002) correctly pointed out the misuse of standard 'gross' multipliers and proposed the concept of 'net' multiplier as a solution to this bad practice. We prove their proposal is not well founded. We do so by showing that supporting theorems are faulty in enunciation and demonstration. The proofs are flawed due to an analytical error but the theorems themselves cannot be salvaged as generic, non-curiosum counterexamples demonstrate. We also provide a general analytical framework for multipliers and, using it, we show that standard 'gross' multipliers are all that is needed within the interindustry model since they follow the causal logic of the economic model, are well defined and independent of exogenous shocks, and are interpretable as predictors for change. |
| Grants: |
Ministerio de Ciencia e Innovación ECO2009-11857
Agència de Gestió d'Ajuts Universitaris i de Recerca 2009/SGR-578
|
| Rights: |
L'accés als continguts d'aquest document queda condicionat a l'acceptació de les condicions d'ús establertes per la següent llicència Creative Commons:  |
| Language: |
Anglès |
| Series: |
Departament d'Economia i d'Història Econòmica. Unitat de Fonaments de l'Anàlisi Econòmica / Institut d'Anàlisi Econòmica (CSIC). Working papers |
| Series: |
Working papers ; 910.12 |
| Document: |
Working paper |
| Subject: |
Multiplicadors (Anàlisi econòmica) |
| Published in: |
The Annals of regional science, Vol. 51, Num. 3 (2013), p. 537-552, ISSN 0570-1864 |
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