IDEAS home Printed from https://ideas.repec.org/a/taf/ecsysr/v9y1997i4p307-330.html
   My bibliography  Save this article

Coefficient Change in Embedded Econometric and Input-Output Models at the Regional Level

Author

Listed:
  • Sergio Rey

Abstract

This paper examines the nature of coefficient change in integrated econometric (EC) and input-output (IO) models that employ an embedding strategy. Existing approaches towards coefficient change in integrated models are first reviewed and several substantive processes that give rise to dynamic coefficients at the regional level are identified. The main sources of coefficient change arise from dynamic adjustment processes that affect the regional purchase coefficients, regional technological coefficients and regional integration parameters. Each of these sources of change requires a different treatment when adopting an EC perspective. A general framework is suggested that nests each treatment as a specific case. The different specifications are then implemented in an embedded EC and IO employment demand model for the San Diego region, and evaluated through a series of in-sample and out-of-sample forecasting experiments. Simulation performance is found to improve through the use of a time-varying integra tion parameter. The results also indicate that model performance is more sensitive to the use of dynamic regional purchase coefficients than to the use of dynamic technical coefficients.

Suggested Citation

  • Sergio Rey, 1997. "Coefficient Change in Embedded Econometric and Input-Output Models at the Regional Level," Economic Systems Research, Taylor & Francis Journals, vol. 9(4), pages 307-330.
  • Handle: RePEc:taf:ecsysr:v:9:y:1997:i:4:p:307-330
    DOI: 10.1080/09535319700000029
    as

    Download full text from publisher

    File URL: http://www.tandfonline.com/doi/abs/10.1080/09535319700000029
    Download Restriction: Access to full text is restricted to subscribers.

    File URL: https://libkey.io/10.1080/09535319700000029?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:taf:ecsysr:v:9:y:1997:i:4:p:307-330. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Chris Longhurst (email available below). General contact details of provider: http://www.tandfonline.com/CESR20 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.