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The functional economic area: Delineation and implications for economic analysis and policy

  • Regional Development and Planning
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References

  1. This figure is copied from Borchert and Adams,op., cit. John R. Borchert and Russell B. Adams,Trade Centers and Trade Areas of the Upper Midwest, Upper Midwest Economic Study, Urban Report No. 3, September, 1963, p. 4.

  2. W. W. Leontief “Introduction to a Theory of the Internal Structure of Functional Relationships,”Econometrica, XV, No. 4, (1947), pp. 361–73 (see page 371). Robert H. Strotz, “The Empirical Implications of a Utility Tree,”Econometrica, XXV, No. 2, (1957), pp. 269–80. W. M. Gorman pointed out an error in Strotz's presentation which was followed by a correction by Strotz. See, W. M. Gorman, “Separable Utility and Aggregation,”Econometrica, XXVII, (1959), pp. 469–81, and Robert H. Strotz, “The Utility Tree—A Correction and Further Appraisal,”Econometrica, XXVII, (1959), pp. 482–88.

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  3. Ragnar Frisch, “A Complete Scheme for Computing All Direct and Cross Demand Elasticities in a Model with Many Sectors,”Econometrica, XXVII, (1959), pp. 177–96.

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  4. H. Theil,Economic Forecasts and Policy, Contributions to Economic Analysis No. 15, (Amsterdam; North-Holland Publishing Company 1958).

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  5. —,Optimal Decision Rules for Government and Industry, Studies in Mathematical and Managerial Economics, (Amsterdam: North-Holland Publishing Company and Chicago: Rand McNally & Company, 1964).

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The senior author takes full responsibility for all ideas, judgments, and remarks expressed in Section I. The authors are jointly responsible for the remainder of the paper.

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Fox, K.A., Krishna Kumar, T. The functional economic area: Delineation and implications for economic analysis and policy. Papers of the Regional Science Association 15, 57–85 (1965). https://doi.org/10.1007/BF01947866

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