Using Input-Output Information for Bayesian Forecasting of Industry Employment in a Regional Econometric Model

Bayesian estimation is used to incorporate regional input-output information into the employment block of a regional econometric model. The Bayesian approach used borrows both from previous work on embedding input-output information within econometric models and from Bayesian vector autoregression forecasting. The accuracy of out-of-sample forecasts produced by the alternative Bayesian models and some traditional forecast approaches are compared.

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Year of publication:	2001
Authors:	Rickman, Dan S.
Published in:	International Regional Science Review. - Vol. 24.2001, 2, p. 226-244

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Extent:	text/html
Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010775021