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Small Area Modeling of the Industrial Sector (SAMIS): An Integrated Econometric—Interindustry Approach

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  • K Moghadam
  • K P Ballard

Abstract

Industry modeling and analysis are vital to regional policymaking. However, the most effective empirical techniques—econometric and input—output—often produce contrary results. This paper is a summary of a new modeling methodology that attempts a reconciliation. Called I-SAMIS, the new approach integrates the flexibility and macro-orientation features of the time-series econometric technique together with the interindustry sensitivity of input—output. Two sections of the paper discuss the new modeling approach and detail the linking mechanism. A model of this new type has been constructed for northern California. This application is discussed in the next two sections. Model equations for nineteen manufacturing sectors, performance and forecasting comparisons are presented.

Suggested Citation

  • K Moghadam & K P Ballard, 1988. "Small Area Modeling of the Industrial Sector (SAMIS): An Integrated Econometric—Interindustry Approach," Environment and Planning A, , vol. 20(5), pages 655-668, May.
    • Handle: RePEc:sae:envira:v:20:y:1988:i:5:p:655-668
    DOI: 10.1068/a200655
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    References listed on IDEAS

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    1. Glickman, Norman J., 1976. "A note on simultaneous equation estimation techniques applications with a regional econometric model," Regional Science and Urban Economics, Elsevier, vol. 6(3), pages 275-287, September.
    2. Freedman, David, 1981. "Some Pitfalls in Large Econometric Models: A Case Study," The Journal of Business, University of Chicago Press, vol. 54(3), pages 479-500, July.
    3. Glickman, Norman J., 1977. "Econometric Analysis of Regional Systems," Elsevier Monographs, Elsevier, edition 1, number 9780122865503 edited by Mills, Edwin S..
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    Cited by:

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    2. repec:rre:publsh:v:35:y:2005:i:2:p:139-60 is not listed on IDEAS

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