Journal Article

Forecasting the Louisiana economy

Abstract: William C. Gruben and Donald W. Hayes have constructed a forecasting model that predicts mild overall growth in the Louisiana economy in 1991. The model predicts expansion in seven of nine economic indicators: the rig count, the civilian labor force, nonagricultural employment, housing permits, real personal income, mining, and sales tax revenue. Only durable and nondurable goods manufacturing will decline, according to the forecast. Gruben and Hayes conclude that while Louisiana is likely to experience an economic expansion in 1991, a boom is unlikely.

Keywords: Louisiana;

Bibliographic Information

Provider: Federal Reserve Bank of Dallas

Part of Series: Economic and Financial Policy Review

Publication Date: 1991

Issue: Mar

Pages: 1-16