Abstract
| Language | English |
|---|---|
| Pages | 3-20 |
| Number of pages | 17 |
| Journal | Papers in Regional Science |
| Volume | 60 |
| Issue number | 1 |
| DOIs | |
| Publication status | Published - 1986 |
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Keywords
- employmeny
- Scottish economy
- multi-sectoral
- model
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Forecasts from the employment block of a multi-sectoral model of the scottish economy. / Holden, D.R.; McGregor, P.G.
In: Papers in Regional Science, Vol. 60, No. 1, 1986, p. 3-20.Research output: Contribution to journal › Article
TY - JOUR
T1 - Forecasts from the employment block of a multi-sectoral model of the scottish economy
AU - Holden, D.R.
AU - McGregor, P.G.
PY - 1986
Y1 - 1986
N2 - This paper considers the determination of employment in four Scottish industries. The specifications considered are classified as either Keynesian or neoclassical in nature by reference to the relevant economic theory. The statistical assessment of an estimated equation involves the calculation of a number of diagnostic test statistics which assess, amongst other things, the accuracy of the forecasts produced by the equation. To distinguish between alternative estimated equations we employ non-nested (or separate) test procedures. The results obtained suggest Keynesian type specifications are superior for three of the four industries considered.
AB - This paper considers the determination of employment in four Scottish industries. The specifications considered are classified as either Keynesian or neoclassical in nature by reference to the relevant economic theory. The statistical assessment of an estimated equation involves the calculation of a number of diagnostic test statistics which assess, amongst other things, the accuracy of the forecasts produced by the equation. To distinguish between alternative estimated equations we employ non-nested (or separate) test procedures. The results obtained suggest Keynesian type specifications are superior for three of the four industries considered.
KW - employmeny
KW - Scottish economy
KW - multi-sectoral
KW - model
UR - http://dx.doi.org/10.1111/j.1435-5597.1986.tb01012.x
U2 - 10.1111/j.1435-5597.1986.tb01012.x
DO - 10.1111/j.1435-5597.1986.tb01012.x
M3 - Article
VL - 60
SP - 3
EP - 20
JO - Papers in Regional Science
T2 - Papers in Regional Science
JF - Papers in Regional Science
SN - 1056-8190
IS - 1
ER -