Empirical Regional Economics


Book Description

This textbook offers an introduction to empirical regional economics, including a comprehensive and systematic overview of the fundamentals, history, development, and applications of economic base models. It not only provides a sound basis for regional economics and regional economic analysis, but it also includes numerous applications of the underlying theory. The book has an empirical orientation, highlighting the value of observation and testing in order to explain regional economic behavior. Theory plays an important role in this study, but it is only a starting point. The book is divided into three parts: the first discusses the economic base theory of regional growth and the empirical evidence supporting it, while the second part covers the specification and application of four increasingly complex regional economic models: the economic base model, the input-output model, the interindustry econometric model, and the structural time-series model. Lastly, the third part presents forty-eight regional economic case studies organized under seven headings, including economic cycles, economic policy, and regional forecasting. Given its scope, the book appeals to upper-undergraduate and graduate students majoring in economics, economic geography, and business, as well as to anyone in the private or public sector interested in gaining a better understanding of practical methods of regional economic forecasting and analysis. For additional course material, please check the author's website: https://www.empiricalregionaleconomics.com/




Econometric Analysis of Regional Systems


Book Description

Econometric Analysis of Regional Systems: Explorations in Model Building and Policy Analysis provides information pertinent to the use of regional econometric models for forecasting and policy analysis. This book presents macroeconomic forecasting for metropolitan regions. Organized into five chapters, this book begins with an overview of the problem of forecasting regional economic activity. This text then analyzes the principal types, economic base, input–output, and econometric of the regional economic models. Other chapters consider a large-scale econometric model for the Philadelphia region based on time series data to make forecasts for output, employment, prices, wages, income, economic activity, and other economic aggregates. This book discusses as well the types of forecasting models used in regional analysis. The final chapter deals with econometric techniques to bear on the problem of regional economic forecasting. This book is a valuable resource for economists, local policy makers, and government officials.







Regional Economic Modeling: A Systematic Approach to Economic Forecasting and Policy Analysis


Book Description

Regional economic models are the key to predicting the effects of transportation, economic development, energy, fiscal and environmental policies. Despite this, the principal regional economic policy analysis model used throughout the United States by government agencies, universities, and the private sector has not been presented in a book until now. The approach to building, understanding and using regional models presented in Regional Economic Models: A Systematic Approach to Forecasting and Policy Analysis is progressive. It begins with the simplest possible models and concludes with a full presentation of the leading model used by policy makers today. The full details are presented along with facilitating software, which is made available so that the reader can build a prototype model for any state or country and can perform policy simulations with full operational models for a sample area. Policy studies are discussed that have been carried out with the model, as well as the range of ways in which policies can be tested through policy simulations. The necessary background is developed for understanding the ways in which models can be used to improve the basis upon which policies are evaluated, as well as the sensitivity of the predicted effects to the model chosen for the analysis. The presentation is multifaceted and includes equations, diagrams and numerical examples. The professional literature is integrated with introductory materials to produce the first comprehensive book on regional modeling that extends from economic base models to modeling advances that are currently being published in economic journals.




Regional Economic Planning


Book Description

Originally published in 1979. Decision makers at all levels need sufficiently detailed information on regional economic structure in order to undertake consistent and comprehensive regional planning. A means is put forward here, elevating the impracticable regional input-output method, to that of an operational planning technique. This development represents a system which facilitates the examination both of the economic structure of individual regions in reasonable detail, and of the regional structure of the state economy. The technique, termed the Generation of Regional Input-Output Tables (GRIT), is designed for general use in the production of regional input-output tables, and other data sources contributing towards the holistic accuracy of the table, thereby providing accurate maximisation of input-output tables within a given budget constraint.




Micro-analysis Of Regional Economy In China, The: A Perspective Of Firm Relocation


Book Description

The book presents the comprehensive research findings on the basic features, formation mechanisms and evolution laws of Chinese enterprise migration, from the micro-perspective of enterprise migration; and on this basis, the influences from enterprise migration on industrial agglomeration and diffusion as well as the evolution of regional economy. The migration trends, power mechanisms, determining factors, structural and spatial effects of Chinese manufacturing industry have also been studied. The author also puts forward policy advice on the themes above, such as the central government should pay more attention to the fairness goals in the market economy framework; some policies should be improved to positively and reasonably guide and regulate firm relocation in China, for example, enterprises from Chinese coastal areas should be encouraged to move to the mid and west areas; the industrialization and urbanization in mid and west areas should be accelerated; the economic development should be geared to the bearing capacity of natural resources and environment; industries and economic activities should be promoted to agglomerate effectively in metropolitan regions.This book provides a comprehensive analysis on the relocation of enterprises in China, as well as the situation of China's regional economic development. The author, Wei Houkai, as an authoritative economist on regional development of China, completed his detailed survey on China's regional economy from this perspective of enterprise relocation, together with his research group. This book, doubtlessly, provides a valuable opportunity for readers in English world to obtain the realistic and rational messages about what is happening in China in certain domains. The author, whose policy advice has always been adopted by the government of China, raises some significant viewpoints based on his distinctive insight, which may be influencing the regional development route in China.







Introduction to Regional Economic Development


Book Description

This is a relatively simple and easy to read introduction of major regional and local economic development theories, their theoretical evolution and other relevant topics such as governance, institutions and local leadership within the globalization context. It also discusses some basic analytical tools and provides a template for them in an easy to use MS Excel spreadsheet application. It introduces conflict management procedures into regional development process and provides a regional decision support framework.




Regional Economics


Book Description