IDEAS home Printed from https://ideas.repec.org/h/spr/adspcp/978-3-319-50547-3_8.html
   My bibliography  Save this book chapter

Regional Science Research and the Practice of Regional Economic Forecasting: Less Is Not More

In: Regional Research Frontiers - Vol. 1

Author

Listed:
  • Dan S. Rickman

    (Oklahoma State University)

Abstract

Accurately forecasting regional economies for periods beyond a few months requires more than simple trend extrapolation. The forces that affect regional economies continually alter recent trends in the data. In addition, consumers of regional forecasts seek an understanding of the forces that underlie recent trends, which can be used in making sound policy or financial decisions. This essay argues for a greater role for research in forecasting regional economies. The central thesis is that current regional forecasting efforts need to be improved and supplemented with insights from regional science research. Major research areas of focus include dependence between sectors, dependence between regions, identifying demand from supply, labor market closures, incorporating a housing sector, the importance of occupational structure, benchmarking regional forecasts, sub-state forecasting and analysis, and industry trend analysis.

Suggested Citation

  • Dan S. Rickman, 2017. "Regional Science Research and the Practice of Regional Economic Forecasting: Less Is Not More," Advances in Spatial Science, in: Randall Jackson & Peter Schaeffer (ed.), Regional Research Frontiers - Vol. 1, chapter 0, pages 135-149, Springer.
    • Handle: RePEc:spr:adspcp:978-3-319-50547-3_8
    DOI: 10.1007/978-3-319-50547-3_8
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Warwick Smith & Anca M. Hanea & Mark A. Burgman, 2022. "Can Groups Improve Expert Economic and Financial Forecasts?," Forecasting, MDPI, vol. 4(3), pages 1-18, August.

    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:spr:adspcp:978-3-319-50547-3_8. 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: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    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.