Multipliers, Forecasting, and Production Smoothing in an Econometric Model of Hiroshima Prefecture <Articles>

廣島大學經濟論叢 35 巻 2 号 73-151 頁 2011-11-30 発行
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タイトル ( eng )
Multipliers, Forecasting, and Production Smoothing in an Econometric Model of Hiroshima Prefecture <Articles>
作成者
Kawai Ken-ichi
Ono Hiroshi
収録物名
廣島大學經濟論叢
The Hiroshima Economic Review
35
2
開始ページ 73
終了ページ 151
収録物識別子
[ISSN] 0386-2704
[NCID] AN00213519
抄録
A thorough reconstruction of the Toyo Keizai Econometric Model of Hiroshima Prefecture is undertaken in the paper. The independence of the regional industry equations of the whole system is corrected. A lack of theoretical explanations of individual equations and the limitation in the number of periods in solving the simultaneous equations are lifted. The effectiveness of taking into account the trend of the changes in the industrial structure of the regional economy and the shifts of parameters of industry equations is evaluated in terms of dynamic multiplier analyses. The importance of having a workable national model as a part of the entire model in constructing a regional model was emphasized. Making use of a regional econometric model, a mechanism of production smoothing by inventory investment was described.
著者キーワード
Regional economy
Rate of error
Dynamic multipliers
Changes in parameters
Forecasts
Structural changes
NDC分類
経済 [ 330 ]
言語
英語
資源タイプ 紀要論文
出版者
広島大学経済学会
発行日 2011-11-30
権利情報
Copyright (c) 2011 広島大学
出版タイプ Version of Record(出版社版。早期公開を含む)
アクセス権 オープンアクセス
収録物識別子
[ISSN] 0386-2704
[NCID] AN00213519