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The Washington Projection and Simulation Model: A Regional Interindustry Econometric Model

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  • Richard S. Conway Jr.

    (Dick Conway & Associates, 2323 Eastlake Avenue East, Seattle, Washington 98102 USA)

Abstract

Originally built in 1977, the Washington Projection and Simulation Model (WPSM) is a regional interindustry econometric model designed for forecasting and impact analysis. This article describes the most recent formulation of WPSM, analyzes the accuracy of the long-range forecasts prepared with the original model in 1976, and evaluates the model's simulation properties. The experience of developing and applying WPSM over the past ten years provides a basis for assessing the relative merits of this seldomly followed approach to regional economic modeling.

Suggested Citation

  • Richard S. Conway Jr., 1990. "The Washington Projection and Simulation Model: A Regional Interindustry Econometric Model," International Regional Science Review, , vol. 13(1-2), pages 141-165, April.
    • Handle: RePEc:sae:inrsre:v:13:y:1990:i:1-2:p:141-165
    DOI: 10.1177/016001769001300110
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    References listed on IDEAS

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    1. Treyz, George I & Friedlaender, Ann F & Stevens, Benjamin H, 1980. "The Employment Sector of a Regional Policy Simulation Model," The Review of Economics and Statistics, MIT Press, vol. 62(1), pages 63-73, February.
    2. Joun, Richard Y. P. & Conway, Richard Jr., 1983. "Regional economic-demographic forecasting models: A case study of the Washington and Hawaii models," Socio-Economic Planning Sciences, Elsevier, vol. 17(5-6), pages 345-353.
    3. Richard S. Conway, 1979. "Simulation Properties Of A Regional Interindustry Econometric Model," Papers in Regional Science, Wiley Blackwell, vol. 43(1), pages 45-57, January.
    4. Glickman, Norman J., 1977. "Econometric Analysis of Regional Systems," Elsevier Monographs, Elsevier, edition 1, number 9780122865503 edited by Mills, Edwin S..
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    2. Ashkan Masouman & Charles Harvie, 2017. "Measuring Economic Change in the Illawarra, New South Wales: An Integrated Framework," Australian Economic Review, The University of Melbourne, Melbourne Institute of Applied Economic and Social Research, vol. 50(3), pages 294-308, July.
    3. Robert Kirk, 1991. "Why Do Interstate Consumption Patterns Differ?," The Review of Regional Studies, Southern Regional Science Association, vol. 21(2), pages 171-183, Summer.
    4. Takuro Uehara & Mateo Cordier & Bertrand Hamaide, 2018. "Fully dynamic input-output/system dynamics modeling for ecological-economic system analysis," ULB Institutional Repository 2013/277116, ULB -- Universite Libre de Bruxelles.
    5. Soo Jung Ha & Geoffrey Hewings & Karen Turner, 2009. "An interregional input-output analysis of the pollution content of trade flows and environmental trade balances between five states in the US Mid-West," Working Papers 0920, University of Strathclyde Business School, Department of Economics.
    6. Campbell Jr., Harrison S., 2000. "Education, Training, and Regional Development: A Policy Relevant Agenda for Regional Science," The Review of Regional Studies, Southern Regional Science Association, vol. 30(1), pages 85-91, Summer.
    7. repec:rre:publsh:v:33:y:2003:i:1:p:85-103 is not listed on IDEAS
    8. Ulrike Huemer & Helmut Mahringer & Gerhard Streicher, 2002. "Berufliche und sektorale Beschäftigungsprognose für Oberösterreich. Methoden und Ergebnisse des regionalen Berufs- und Sektormodells für Oberösterreich," WIFO Monatsberichte (monthly reports), WIFO, vol. 75(11), pages 687-700, November.
    9. Assoc. Prof. Guy R. West, 1999. "Notes On Some Common Misconceptions In Input-Output Impact Methodology," Discussion Papers Series 262, School of Economics, University of Queensland, Australia.
    10. Fullerton, Jr., Thomas M. & Taylor West, Carol A., 1998. "Regional Econometric Housing Start Forecast Accuracy in Florida," The Review of Regional Studies, Southern Regional Science Association, vol. 28(3), pages 15-42, Winter.
    11. Oliver Fritz & Gerhard Streicher, 2008. "Trade Effects of Service Liberalization in the EU. Simulation of Regional Macroeconomic Effects for Austria," WIFO Studies, WIFO, number 34221, April.
    12. Martin Shields & Judith I. Stallmann & Steven C. Deller, 1999. "Simulating the Economic and Fiscal Impacts of High- and Low-Income Elderly on a Small Rural Region," The Review of Regional Studies, Southern Regional Science Association, vol. 29(2), pages 175-196, Fall.
    13. Randall Jackson & Sergio Rey & Péter Járosi, 2016. "Object Orientation, Open Regional Science,and Cumulative Knowledge Building," Working Papers Working Paper 2016-02, Regional Research Institute, West Virginia University.
    14. repec:rre:publsh:v:35:y:2005:i:2:p:139-60 is not listed on IDEAS
    15. Yoshifumi Ishikawa & Toshihiko Miyagi, 2004. "The Construction of a 47-Region Inter-regional Input-Output Table, and Inter-regional Interdependence Analysis at Prefecture Level in Japan," ERSA conference papers ersa04p432, European Regional Science Association.
    16. Kijin Kim & Kurt Kratena & Geoffrey J.D. Hewings, 2015. "The Extended Econometric Input-Output Model With Heterogeneous Household Demand System," Economic Systems Research, Taylor & Francis Journals, vol. 27(2), pages 257-285, June.
    17. Randall Jackson & Juan Tomas Sayago-Gomez, 2015. "Foundations of the WVU Econometric Input-Output Model," Working Papers Resource Document 2015-02, Regional Research Institute, West Virginia University.

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