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This paper examines the nature of uncertainty in integrated econometric+input-output (ECIO) regional models. We focus on three sources of uncertainty: (a) econometric model parameter uncertainty; (b) econometric disturbance term uncertainty; and (c) input-output coefficient uncertainty. Through...
Persistent link: https://www.econbiz.de/10005484952
This paper examines the nature of coefficient change in integrated econometric (EC) and input-output (IO) models that employ an embedding strategy. Existing approaches towards coefficient change in integrated models are first reviewed and several substantive processes that give rise to dynamic...
Persistent link: https://www.econbiz.de/10009223135