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Econometric Models For Metropolitan Planning
A major problem concerning the quality of economic forecasting and policy analysis exists for planning agencies in metropolitan areas. These agencies are generally forced to trade off forecasting ability for cost due to the nature of existing methods. This dilemma can be solved through the use of metropolitan region econometric models, which can provide excellent forecasts and policy analysis potential at only moderate cost. This article describes how such models can be used for planning purposes, delineates the process required for the development of such models, presents a generalized equation specification, and provides a policy analysis illustration for the Milwaukee SMSA.
Econometric Models For Metropolitan Planning
A major problem concerning the quality of economic forecasting and policy analysis exists for planning agencies in metropolitan areas. These agencies are generally forced to trade off forecasting ability for cost due to the nature of existing methods. This dilemma can be solved through the use of metropolitan region econometric models, which can provide excellent forecasts and policy analysis potential at only moderate cost. This article describes how such models can be used for planning purposes, delineates the process required for the development of such models, presents a generalized equation specification, and provides a policy analysis illustration for the Milwaukee SMSA.
Econometric Models For Metropolitan Planning
Rubin, Barry M. (author)
Journal of the American Planning Association ; 47 ; 408-420
1981-10-01
13 pages
Article (Journal)
Electronic Resource
Unknown
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