A Bayesian forecasting approach to constructing regional input-output based employment multipliers

Auteur :
RICKMAN, D.S.

Description :
A Bayesian mixed estimation framework is used to examine the forecast accuracy of alternative closures of an input-output model for the Oklahoma economy. The closures correspond to textbook Type I and Type II multipliers, as well as variations of extended IO and Type IV multipliers. Relative forecast performance of the alternative IO model closures determines which set of multipliers should be used for impact analysis. The exercise reveals differences in forecast accuracy across alternative IO model closures.


Type de document :
Article de périodique

Source :
Papers in regional science, issn : 1056-8190, 2002, vol. 81, n°. 4, p. 483-498, nombre de pages : 16, Collation : Illustration, Références bibliographiques : 31 ref.

Date :
2002

Editeur :
Pays édition : Allemagne, Berlin, Springer