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Elsevier

Econometric Analysis of Regional Systems

Explorations in Model Building and Policy Analysis

  • 1st Edition - January 28, 1977
  • Latest edition
  • Author: Norman J. Glickman
  • Editor: Edwin S. Mills
  • Language: English

Econometric Analysis of Regional Systems: Explorations in Model Building and Policy Analysis provides information pertinent to the use of regional econometric models for… Read more

Description

Econometric Analysis of Regional Systems: Explorations in Model Building and Policy Analysis provides information pertinent to the use of regional econometric models for forecasting and policy analysis. This book presents macroeconomic forecasting for metropolitan regions. Organized into five chapters, this book begins with an overview of the problem of forecasting regional economic activity. This text then analyzes the principal types, economic base, input–output, and econometric of the regional economic models. Other chapters consider a large-scale econometric model for the Philadelphia region based on time series data to make forecasts for output, employment, prices, wages, income, economic activity, and other economic aggregates. This book discusses as well the types of forecasting models used in regional analysis. The final chapter deals with econometric techniques to bear on the problem of regional economic forecasting. This book is a valuable resource for economists, local policy makers, and government officials.

Table of contents


Foreword

Preface

Acknowledgments

I Introduction

1.1 Purpose of This Study

1.2 The Philadelphia Region

1.3 A Brief View of the Philadelphia Region Econometric Model

1.4 Outline of the Study

II Methods of Regional Economic Analysis

2.1 Introduction

2.2 Economic Base Models

2.3 Regional and Interregional Input-Output

2.4 Econometric Models

2.5 Regional Models Revisited

III A Forecasting Model

3.1 Introduction

3.2 The Development of the Philadelphia Model

3.3 The Model

3.4 Concluding Remarks

Appendix to Chapter III: Philadelphia Econometric Project Model and Data Bank

IV Testing the Model and some Policy-Analytic Simulation Experiments

4.1 Introduction

4.2 Tests of the Philadelphia Econometric Model

4.3 Forecasting with the Philadelphia Econometric Model

4.4 Policy-Analytic Simulation Experiments

4.5 Concluding Remarks

V A Summing Up

5.1 Summary and Conclusions

5.2 The Future for Regional Econometric Models

References

Index

Product details

  • Edition: 1
  • Latest edition
  • Published: September 23, 2014
  • Language: English

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