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  • 1
    Electronic Resource
    Electronic Resource
    Oxford, UK : Blackwell Publishing Ltd
    Growth and change 24 (1993), S. 0 
    ISSN: 1468-2257
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Geography , Economics
    Notes: Five versions of a regional economic forecasting and simulation model are implemented to evaluate the forecasting accuracy and significance for impact analysis of alternative regional labor market closures. The five versions correspond to the following specifications: downward-sloped labor demand and upward-sloped labor supply, vertical labor demand and upward-sloped labor supply, an input-output version, and two general equilibrium configurations of labor demand and supply. It is found that the estimated impacts of an exogenous employment stimulus differ greatly across the model versions. Also, post-sample forecasts for 1981-1988 are run for the fifty states plus Washington D.C. with each model version to test their relative forecast accuracy. The forecast comparison shows that the general equilibrium version that specifies inelastic supply is inferior to the other versions for short-term forecasts of wage rates and long-term employment forecasts. For both short- and long-run population forecasts, the versions with completely immobile labor are more accurate than those with completely mobile labor. However, versions that specify an upward-sloped labor supply (partial labor supply adjustment) are the most accurate.
    Type of Medium: Electronic Resource
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  • 2
    Electronic Resource
    Electronic Resource
    Oxford, UK : Blackwell Publishing Ltd
    Papers in regional science 71 (1992), S. 0 
    ISSN: 1435-5957
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Geography , Economics
    Notes: Multipliers derived from regional Keynesian models are often used to justify regional business assistance programs. Econometric evidence on the efficacy of such programs is inconclusive. A regional, computable, general equilibrium model of key agricultural and energy-producing states was implemented to study the sensitivity of predicted impacts of regional business assistance programs to alternative model closures. The closures fall into two broad categories: Keynesian and neoclassical. The model also improves upon current methods used to evaluate regional business assistance programs.
    Type of Medium: Electronic Resource
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  • 3
    Electronic Resource
    Electronic Resource
    Boston, USA and Oxford, UK : Blackwell Publishers Inc
    Journal of regional science 40 (2000), S. 0 
    ISSN: 1467-9787
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Geography , Economics
    Notes: The persistence of poverty in the modern American economy, with rates of poverty in some areas approaching those of less advanced economies, remains a central concern among policy makers. Therefore, in this study we use U.S. county-level data to explore potential explanations for the observed regional variation in the rates of poverty. The use of counties allows examination of both nonmetropolitan area and metropolitan area poverty. Factors considered include those that relate to both area economic performance and area demographic composition. Specific county economic factors examined include economic growth, industry restructuring, and labor market skills mismatches.
    Type of Medium: Electronic Resource
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  • 4
    Electronic Resource
    Electronic Resource
    Oxford, UK : Blackwell Publishing Ltd
    Journal of regional science 33 (1993), S. 0 
    ISSN: 1467-9787
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Geography , Economics
    Notes: . Despite the importance of predicting investment expenditures for regional economic forecasting and policy simulation, little has been published on predicting regional investment expenditures. The primary reason is the lack of data on regional investment and capital stocks. Using two constructed investment data sets, this paper specifies and econometrically estimates stock adjustment equations of residential and nonresidential investment for the fifty states plus Washington, D.C. Unique aspects of the approach include maximum use of United States and regional data, and pooled estimation. The estimated pooled equations provide satisfactory historical fits to investment for most states. Also, the paper presents out-of-sample forecasts and simulated investment responses to an exogenous production increase.
    Type of Medium: Electronic Resource
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  • 5
    Electronic Resource
    Electronic Resource
    Boston, USA and Oxford, UK : Blackwell Publishing Inc
    Journal of regional science 43 (2003), S. 0 
    ISSN: 1467-9787
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Geography , Economics
    Notes: Abstract Computable general equilibrium (CGE) models are often criticized for using restrictive functional forms and relying on external sources for parameter values in their calibration. CGE modelers argue that in many instances reliable econometric estimates of important model parameters are unavailable because they must be estimated using small numbers of time-series observations. To address these criticisms, this paper uses a Bayesian approach to estimate the parameters of a translog production function in a regional computable general equilibrium model. Using priors from more reliable national estimates, and parameter restrictions required by neoclassical production theory, estimation is done by Markov chain Monte Carlo simulation. A stylized regional CGE model is then used to contrast policy responses of a Cobb-Douglas specification with those from the estimated translog equation.
    Type of Medium: Electronic Resource
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  • 6
    Electronic Resource
    Electronic Resource
    Boston, USA and Oxford, UK : Blackwell Publishers Inc.
    Journal of regional science 39 (1999), S. 0 
    ISSN: 1467-9787
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Geography , Economics
    Notes: Although there is evidence that regional employment growth benefits current residents, an unexplored aspect of this relationship is the industry composition of the growth. Using 1981–1991 migration data for the 48 contiguous U.S. states, this paper examines whether the industry mix of employment growth matters for migration. We find that state employment growth that results from having a larger share of nationally fast-growing industries leads to less net in-migration compared to growth that results from each industry in the state growing faster than its national average. Therefore, state employment growth that is attributable to its mix of industries yields greater benefits for current state residents.
    Type of Medium: Electronic Resource
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  • 7
    Electronic Resource
    Electronic Resource
    Oxford, UK : Blackwell Publishing Ltd
    Growth and change 28 (1997), S. 0 
    ISSN: 1468-2257
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Geography , Economics
    Notes: :Differentials in U.S. state unemployment rates were persistent in the early 1990s. In addition, states with higher employment growth did not necessarily have the lowest unemployment rates. Thus, this paper examines the differentials in U.S. state unemployment rates from 1992 to 1994, decomposing them into the parts that were due to differences in recent employment growth, and those that were due to longer-term equilibrium factors. Also, using the shift-share model, employment growth differences are decomposed into an industry mix component and a competitiveness component. The decomposition of the 1992 to 1994 unemployment rate differentials is based on an econometric equation estimated using panel data from 1972 to 1991. Explanatory equilibrium factors included in the model are amenities, demographic characteristics, education, industry composition, labor mobility, and wage rates.
    Type of Medium: Electronic Resource
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  • 8
    Electronic Resource
    Electronic Resource
    Oxford, UK : Blackwell Publishing Ltd
    Papers in regional science 81 (2002), S. 0 
    ISSN: 1435-5957
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Geography , Economics
    Notes: Abstract A Bayesian mixed estimation framework is used to examine the forecast accuracy of alternative closures of an input-output model for the Oklahoma economy. The closures correspond to textbook Type I and Type II multipliers, as well as variations of extended input-output and Type IV multipliers. Relative forecast performance of the alternative IO model closures determines which set of multipliers should be used for impact analysis. The exercise reveals differences in forecast accuracy across alternative IO model closures, suggesting that before closures of a particular IO model are adopted, they should be tested for accuracy in predicting the time series data for the regional economy under scrutiny.
    Type of Medium: Electronic Resource
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  • 9
    Electronic Resource
    Electronic Resource
    Springer
    Journal of cultural economics 17 (1993), S. 77-92 
    ISSN: 1573-6997
    Source: Springer Online Journal Archives 1860-2000
    Topics: Art History , Economics
    Type of Medium: Electronic Resource
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  • 10
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    Unknown
    Akron, Ohio : Periodicals Archive Online (PAO)
    Journal of Cultural Economics. 17:2 (1993:Dec.) 77 
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