Driving Regional Economic Models with a Statistical Model: Hypothesis Testing for Economic Impact Analysis

Driving Regional Economic Models with a Statistical Model: Hypothesis Testing for Economic Impact Analysis

Policy models such as Input-Output (IO) or Computable General Equilibrium (CGE) are deterministic, with exogenous final demand shocks producing point estimates of local impacts. Confidence intervals around these point estimates, while desirable, are not readily available. Yet such predictions often have an underlying stochastic element, which can be derived from the underlying statistical model...

Analysis of the Effect of Regional Creativity on Regional Economic Growth within New Economic Geographical Models

A mong the theories explaining the relationship between creativity criteria in cities and economic growth, “Human Capital Theory” by Glaeser and “Creative Class theory” by Florida can be mentioned. Accordingly, present paper aimed at analysis of the creativity effect on regional economic growth and is presented in two theoretical and experimental parts. Considering the results of the curre...

Economic Policy Analysis in a Macroeconometric Model for Iran

Metro Regional Economic Model

0. Abstract Portland Metro presents its version of a regional economic model with embedded input-output coefficients as explanatory variables in the model's employment sector equations. The Metro model implements the integration strategy as described by Coomes et al (1991), Stover (1994), and Rey (1997). Coomes et al first described the I-SAMIS model technique for linking I-O and econometric mo...

Economic Impact of Regional Trade Agreements and Economic Co-operation: Econometric Evidence

The paper focuses on regional trade agreements and economic co-operation and develops a new appropriate approach to study their impact on growth and trade. The approach is based on an endogenous trade-growth theory and novelly specified in an economic integration (expenditure) framework which is the conceptual foundation of regional trade agreements. Importantly, it also appropriately takes int...