Stilianos Alexiadis
Ministry of Rural Development & Foods, Department of Agricultural Policy & Documentation, Division of Agricultural Statistics,
Room 501, 5 Acharnon Street, 101 76, Athens, Greece, Tel: ++30 210 2125517,
Email: ax5u010@minagric.gr
and
Daniel Felsenstein
Associate Professor, Department of Geography, Hebrew University of Jerusalem,
Mount Scopus, Jerusalem 91905, Israel, Tel: 972-2-5883343
Email: msdfels@mscc.huji.ac.il
Abstract
This paper suggests a model of obtaining estimates of capital stock based on the theory of ‘flexible accelerator’. However, this represents a rather ‘indirect’ method independently for each year and each region. Clearly this is an unrealistic condition, especially for regional economies characterized by mutual spatial dependence. To add an extra injection of realism, we illustrate how a national model of capital stock (the stock –flow model) can effectively be ‘regionalized’.