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Series:Working Paper Series, Regional Economic Issues  Bank:Federal Reserve Bank of Chicago 

Working Paper
Forecasting structural change with a regional econometric input-output model
The sophistication of regional economic models has been demonstrated in several ways, most recently in the form of linking several modeling systems or in the expansion in the number of equations that can be manipulated successfully to produce impact analyses or forecasts. In this paper, an alternative perspective is employed. What do regional macro-level forecasts indicate about the process of structural change? A new methodology is illustrated that enables analysts to make forecasts of detailed structural change in the interindustry relations in an economy. Using a regional econometric-input-output model developed for the Chicago Metropolitan region, derived input-output tables are extracted for the period 1975-2016. These tables are then analyzed to determine the forecasted direction of structural changes for the region. The innovation illustrated here is based on a model that exploits the general equilibrium spirit of computable general equilibrium models through the adjustment of input coefficients to clear markets.
AUTHORS: Israilevich, Philip R.; Geoffrey J.D. Hewings; Sonis, Michael; Graham R. Schindler
DATE: 1996

Working Paper
Metro area growth from 1976 to 1985: theory and evidence
AUTHORS: Testa, William A.
DATE: 1989

Working Paper
Unemployment insurance: a state economic development perspective
AUTHORS: Davila, Natalie A.; Testa, William A.
DATE: 1989

Working Paper
Regional energy costs and business siting decisions: an Illinois perspective
AUTHORS: Testa, William A.; Allardice, David R.
DATE: 1989

Working Paper
Manufacturing's changeover to services in the Great Lakes economy
AUTHORS: Testa, William A.
DATE: 1989

Working Paper
Determining manufacturing output for states and regions
AUTHORS: Israilevich, Philip R.; Testa, William A.
DATE: 1989

Working Paper
A New approach to regional capital stock estimation: measurement and performance
AUTHORS: Schnorbus, Robert H.; Giese, Alenka S.
DATE: 1989

Working Paper
Why has Illinois manufacturing fallen behind the region?
AUTHORS: Testa, William A.
DATE: 1989

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