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Measuring and Forecasting Local Economic Activity: A Status Report

Author

Listed:
  • Claude Farrell

    (University of North Carolina at Wilmington)

  • William W. Hall

    (University of North Carolina at Wilmington)

Abstract

A survey was conducted over 1987-88 to obtain information on the extent to which regional economists were engaged in measuring and forecasting local economic activity. A total of 250 members of the Association for University Business and Economic Research and the Southern Regional Science Association were surveyed. The intended specific objectives of this paper are twofold. First, some of the tools which can be used to measure and forecast local economic activity will be presented. Second, some of the primary obstacles encountered in this pursuit will be discussed. The survey results are briefly reported and used as the basis in meeting the intended objectives. The literature review at the end of this paper is also directed to this end.

Suggested Citation

  • Claude Farrell & William W. Hall, 1990. "Measuring and Forecasting Local Economic Activity: A Status Report," The Review of Regional Studies, Southern Regional Science Association, vol. 20(2), pages 34-38, Spring.
    • Handle: RePEc:rre:publsh:v20:y:1990:i:2:p:34-38
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    References listed on IDEAS

    as
    1. Unknown, 1967. "Index," 1967 Conference, August 21-30, 1967, Sydney, New South Wales, Australia 209796, International Association of Agricultural Economists.
    2. Thomas F. Cargill & Steven A. Morus, 1988. "A vector autoregression model of the Nevada economy," Economic Review, Federal Reserve Bank of San Francisco, issue Win, pages 21-32.
    3. Fomby, Thomas B, 1986. "A Comparison of Forecasting Accuracies of Alternative Regional Production Index Methodologies," Journal of Business & Economic Statistics, American Statistical Association, vol. 4(2), pages 177-186, April.
    4. Fritz, Richard G & McHone, W Warren, 1988. "Forecasting Local Business Activity from Aggregate Indicators," The Annals of Regional Science, Springer;Western Regional Science Association, vol. 22(1), pages 63-74, March.
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