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Socioeconomic Models For Development Planning, I: Validatioin Methods

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  • Maki, Wilbur R.

Abstract

The purpose of this paper is to assess alternate strategies of socioeconomic model validation. An extensive literature review provided the delineation of validation methods and, also, brief summaries of each type of validation. Finally, personal experience in the implementation and use of regional economic impact forecasting and simulation systems was used in outlining the structure and the steps of play of a simulation/gaming model for testing the validation methods listed earlier.

Suggested Citation

  • Maki, Wilbur R., 1981. "Socioeconomic Models For Development Planning, I: Validatioin Methods," Staff Papers 14064, University of Minnesota, Department of Applied Economics.
    • Handle: RePEc:ags:umaesp:14064
    DOI: 10.22004/ag.econ.14064
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    File URL: https://ageconsearch.umn.edu/record/14064/files/20968.pdf
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    References listed on IDEAS

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    1. Maki, Wilbur R. & Meagher, Patrick D. & Laulainen, Leonard A., Jr. & Chen, Mason, 1979. "Users' Guide To The Minnesota Regional Development Simulation Laboratory," Staff Papers 14011, University of Minnesota, Department of Applied Economics.
    2. Maki, Wilbur R., 1979. "Regional Economic Forecasts For Water And Land Resources Planning. I. Forecast System," Staff Papers 14259, University of Minnesota, Department of Applied Economics.
    3. Maki, Wilbur R. & Dorf, Ronald J. & Lichty, Richard W., 1977. "Users' Guide To Economic Forecasting Systems For State Policy Development," Staff Papers 13391, University of Minnesota, Department of Applied Economics.
    4. Maki, Wilbur R., 1979. "Regional Economic Forecasts For Water And Land Resource Planning: Ii. Forecast Series: Minnesota," Staff Papers 13620, University of Minnesota, Department of Applied Economics.
    5. John D. C. Little, 1970. "Models and Managers: The Concept of a Decision Calculus," Management Science, INFORMS, vol. 16(8), pages 466-485, April.
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