Multipliers, Forecasting, and Production Smoothing in an Econometric Model of Hiroshima Prefecture <Articles>
廣島大學經濟論叢 Volume 35 Issue 2
Page 73-151
published_at 2011-11-30
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この文献の参照には次のURLをご利用ください : https://doi.org/10.15027/31734
| File | |
| Title ( eng ) |
Multipliers, Forecasting, and Production Smoothing in an Econometric Model of Hiroshima Prefecture <Articles>
|
| Creator |
Kawai Ken-ichi
Ono Hiroshi
|
| Source Title |
廣島大學經濟論叢
The Hiroshima Economic Review
|
| Volume | 35 |
| Issue | 2 |
| Start Page | 73 |
| End Page | 151 |
| Journal Identifire |
[ISSN] 0386-2704
[NCID] AN00213519
|
| Abstract |
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.
|
| Keywords |
Regional economy
Rate of error
Dynamic multipliers
Changes in parameters
Forecasts
Structural changes
|
| NDC |
Economics [ 330 ]
|
| Language |
eng
|
| Resource Type | departmental bulletin paper |
| Publisher |
広島大学経済学会
|
| Date of Issued | 2011-11-30 |
| Rights |
Copyright (c) 2011 広島大学
|
| Publish Type | Version of Record |
| Access Rights | open access |
| Source Identifier |
[ISSN] 0386-2704
[NCID] AN00213519
|
