摘要：Expansion in the stock of capital goods is a major stimulus to regional economic growth. Capital investment should therefore be a central focus of regional economic analysis. However, empirical analysis of investment at sub-national levels has been retarded by the paucity of data. This paper employs time series capital data, which have recently become available at the provinciallevel, in a multiregional econometric analysis of manufacturing investment in Canada. The objectives are to shed light on the relationships between capital formation and a number of indicators of regional economic conditions, and to examine the dynamics of capital stock adjustment at the regionallevel.
