Author: Publisher:
ISBN:
Category : Indiana
Languages : en
Pages : 144
Book Description
An Econometric Model of the Indiana Economy
Author: Working Paper Series in Economic
Author: Socioeconomic Forecasting
Author: Yingge XiongPublisher: Purdue University Press
ISBN: 9781622602223
Category : Transportation
Languages : en
Pages : 56
Book Description
The role of the REMI Policy Insight+ model in socioeconomic forecasting and economic impact analysis of transportation projects was assessed. The REMI PI+ model is consistent with the state of the practice in forecasting and impact analysis. REMI PI+, like its competitors, is vulnerable to the trends contained in the historical data it uses, especially recent trends. After the most recent periodic update in data, the performance of the REMI PI+ model improved, i.e., it produced long-term forecasts that were more credible. Zonal-level population and employment forecasts for direct input to the Indiana Statewide Travel Demand Model (ISTDM) can be achieved by applying disaggregation regression methods. IU's Center for Econometric Model Research (CEMR) model is also a sound forecasting model. Because of the knowledge of in-state economists, the CEMR-IBRC model could provide forecasts of the Indiana economy that reflect characteristics not known to out-of-state forecasters. The researchers also examined economic impact analysis models that are possible alternatives to REMI PI+. Acquiring a new economic impact analysis package does not seem necessary for INDOT, if REMI forecasts can be adjusted to (a) accommodate recent and reasonable expected trends in the Indiana economy, and (b) meet the geographic (TAZ) needs of the ISTDM. MCIBAS -- which is currently used by INDOT -- is a good hybrid system to use in the economic impacts analysis of transportation projects. IU's CEMR is capable of conducting economic impact analyses, with local knowledge of the Indiana economy, at a cost lower than REMI's. However, INDOT would have to decide whether these potential advantages justify changing the present relationship with REMI. In cases where the credibility of data, forecasts, and/or impact analyses needs to be verified, an INDOT version of an expert panel along the lines of Michigan's Transportation Technical Committee could be convened.
A Model for Forecasting Economic Activity in Indiana and Its Subregions Based on the Use of Current Economic Indicators
Author: Ronald Paul WillettThe Public Utility Industry and Indiana Economic Growth
Author: Indiana University. Graduate School of BusinessPublisher:
ISBN:
Category :
Languages : en
Pages : 600
Book Description
An Econometric Model of the US Economy
Author: John J. HeimPublisher: Springer
ISBN: 3319506811
Category : Business & Economics
Languages : en
Pages : 480
Book Description
This book explores the US economy from 1960 to 2010 using a more Keynsian, Cowles model approach, which the author argues has substantial advantages over the vector autoregression (VAR) and dynamic stochastic general equilibrium (DSGE) models used almost exclusively today. Heim presents a robust argument in favor of the Cowles model as an answer to the pressing, unresolved methodological question of how to accurately model the macroeconomy so that policymakers can reliably use these models to assist their decision making. Thirty-eight behavioral equations, describing determinants of variables such as consumption, taxes, and government spending, are connected by eighteen identities to construct a comprehensive model of the real US economy that Heim then tests across four different time periods to ensure that results are consistent. This comprehensive demonstration of the value of a long-ignored model provides overwhelming evidence that the more Keynesian (Cowles) structural models outperform VAR and DSGE, and therefore should be the models of choice in future macroeconomic studies.
The state of economy in Indiana
Author: United States. Congress. Joint Economic Committee. Subcommittee on Economic Goals and Intergovernmental PolicyPublisher:
ISBN:
Category : Indiana
Languages : en
Pages : 72
Book Description
Macroeconometric Models
Author: Władysław WelfePublisher: Springer Science & Business Media
ISBN: 3642344682
Category : Business & Economics
Languages : en
Pages : 435
Book Description
This book gives a comprehensive description of macroeconometric modeling and its development over time. The first part depicts the history of macroeconometric model building, starting with Jan Tinbergen's and Lawrence R. Klein's contributions. It is unique in summarizing the development and specific structure of macroeconometric models built in North America, Europe, and various other parts of the world. The work thus offers an extensive source for researchers in the field. The second part of the book covers the systematic characteristics of macroeconometric models. It includes the household and enterprise sectors, disequilibria, financial flows, and money market sectors.
Perspectives on the Indiana Economy
Author: Economic Models for Planning
Author: James Gardner WittePublisher:
ISBN:
Category : Econometrics
Languages : en
Pages : 198
Book Description