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A Practitioner's Guide to State and Substate Industry Employment Projections

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  • Harvey A. Goldstein

    (University of North Carolina at Chapel Hill)

Abstract

There are a number of alternative techniques for developing regional industry employment projections. Selecting the most appropriate technique involves trade-offs among cost, data requirements, comprehensibility, versatility, theoretical validity, reliability, and accuracy. Single-equation regression models represent a "best-buy" alternative for many types of economic development agencies and their information needs. The adjustment of projections that emerge from a projection model based upon analysts' informal knowledge of the behavior and performance of the regional economy, is a critical step in assuring accurate projections, no matter what type of model is chosen

Suggested Citation

  • Harvey A. Goldstein, 1990. "A Practitioner's Guide to State and Substate Industry Employment Projections," Economic Development Quarterly, , vol. 4(3), pages 260-275, August.
    • Handle: RePEc:sae:ecdequ:v:4:y:1990:i:3:p:260-275
    DOI: 10.1177/089124249000400309
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