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COLE S. (1993) Cultural accounting in small economies, Reg. Studies 27, 121–136. This paper presents a method for describing the cultural division of labour in multi-cultural societies, and analysing its implications. The paper begins by explaining the idea of the cultural accounting approach as a derivative of social accounting. The approach is then applied to the small Caribbean island of Aruba. A precis of the island's history describes how the present-day cultural division of labour has arisen. A set of cultural accounts for the island is presented, and then used to show how the cultural–economic structure determines the relative strength of trickle-up and trickle-down processes between four types of household. This has implications for social policy and grass roots initiatives, and the consequences of all economic events on the island. Lastly, the potential of two socially-targeted economic initiatives are considered. COLE S. (1993) La comptabilite dans les petites economies, Reg. Studies 27, 121–136...

COLE S. (1989) Expenditure lags in impact analysis, Reg. Studies 23, 105–116. The paper presents a method for calculating the short and medium term regional economic impact of plant closures, taking into account expenditure lags. The method is a straightforward modification of the generalized Leontief inverse approach for determining income and employment multipliers. An approximation is given which maintains the relative simplicity of that calculation. The biases in the approximation are shown to be relatively small for many practical calculations and for a range of expenditure distributions. An example is computed. The results suggest that the conventional model may overestimate the short run (one year) impact of a closure by 10–30% but underestimate the medium term (five year) impact to an even greater degree. COLE S. (1989) Les retards des depenses dans une etude d'impact, Reg. Studies 23, 105–116. Cet article presente une methode pour evaluer l'impact economique regional de court et de moyen terme de...