MODELING THE REGIONAL ECONOMY: A REGIONAL ECONOMETRIC INPUT-OUTPUT APPROACH

摘要

In an attempt to model the regional economic system of Styria, an integrated approach was pursued which combines econometric and input-output modelling techniques. Applications of the model in impact analysis and forecasting thus take into account both intersectoral linkages as well as the dynamic behaviour of the variables. The paper first compares different strategies to integrate econometric and input-output modules and then outlines the basic characteristics of the model, including a short description of its extensive regional data base. Examples for model applications and suggestions for further improvements and extensions of the model are also presented.