The Simultaneous Determination of Income and Employment in the United States-Mexico Border Region Economies.
CENTER FOR NAVAL ANALYSES ALEXANDRIA VA INST OF NAVAL STUDIES
Pagination or Media Count:
This paper expands upon a model developed by Ladman to provide a vehicle to explain not only the historical development of the border area economy, but also to provide a useful instrument to predict the impact of changes in economic activity in the two-nation region. The nature of the model clearly demonstrates the interrelatedness of the two-nation border economies with specific reference to trade and commerce. It also specifies the role that tourism and other exogenously determined economic activity play. To this end the paper is organized as follows. First, a conceptual idea of the historical development of the border area is presented. Second, a specific model of a border area is specified. Third, the policy applications of the model are described. Fourth, recommendations for future research are set forth.
- Economics and Cost Analysis