A long-run interpretation of regional input-output analysis

The use of most regional input-output analysis (I-O) models are restricted to Keynesian short-run markets. However, an investment-endogenous I-O model was used to generate a long-run equilibrium similar to those extracted from short-run I-O models. Sensitivity analysis was used to determine the speed of adjustment in the new model and a neoclassical model tracking the same equilibrium.