Because of heterogeneity across regions, economic policy measures are increasingly targeted at the regional level. As a result, the need for economic forecasts at a sub-national level is rapidly increasing. The data available to compute regional forecasts is usually based on a pseudo-panel that...

Complexity and uncertainty are key issues in exploring future developments. Moreover, although the future cannot be predicted, it is clear that certain decisions/actions can influence the future in desired directions. In this respect, planners are being challenged to focus on the development of...