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A Dynamic Integration Approach in Regional Input-Output and Econometric Models

Author

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  • Motii, Bahman Brian

    (U Montevallo)

Abstract

The methodology with which regional input-output information is incorporated into an econometric model specification has recently gained attention. Although the interdependency of a region's inter-temporal economic sectors has been emphasized, the dynamic properties of these inter-sectoral relationships have not been fully incorporated. This paper presents an attempt to introduce the dynamic properties of inter-sectoral relationships among the economic sectors of a region. The result is a unique dynamic integration approach (DIA) model that not only accounts for structural change in a region's economy, but also is free from many of the inconsistencies and deficiencies associated with recent embedded-holistic models.

Suggested Citation

  • Motii, Bahman Brian, 2005. "A Dynamic Integration Approach in Regional Input-Output and Econometric Models," The Review of Regional Studies, Southern Regional Science Association, vol. 35(2), pages 139-160.
  • Handle: RePEc:rre:publsh:v:35:y:2005:i:2:p:139-60
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    References listed on IDEAS

    as
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    3. Dan S. Rickman, 2001. "Using Input-Output Information for Bayesian Forecasting of Industry Employment in a Regional Econometric Model," International Regional Science Review, , pages 226-244.
    4. Dan S. Rickman, 2002. "A Bayesian forecasting approach to constructing regional input-output based employment multipliers," Papers in Regional Science, Springer;Regional Science Association International, pages 483-498.
    5. S J Rey, 1997. "Integrating Regional Econometric and Input—Output Models: An Evaluation of Embedding Strategies," Environment and Planning A, , pages 1057-1072.
    6. K Moghadam & K P Ballard, 1988. "Small area modeling of the industrial sector (SAMIS): an integrated econometric - interindustry approach," Environment and Planning A, Pion Ltd, London, vol. 20(5), pages 655-668, May.
    7. Stover, Mark Edward, 1994. "A Comparison of Annual and Benchmark Input-Output Tables in Regional Economic Modeling," The Annals of Regional Science, Springer;Western Regional Science Association, pages 223-228.
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    More about this item

    Keywords

    Input Output; Regional;

    JEL classification:

    • D57 - Microeconomics - - General Equilibrium and Disequilibrium - - - Input-Output Tables and Analysis
    • R15 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Econometric and Input-Output Models; Other Methods

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