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Development Of Integrated Intersectoral-Time Series Strategies To Investigate The Economic Significance Of Knowledge Sectors In The Illawarra, New South Wales, Ashkan Masouman, Charles Harvie
Development Of Integrated Intersectoral-Time Series Strategies To Investigate The Economic Significance Of Knowledge Sectors In The Illawarra, New South Wales, Ashkan Masouman, Charles Harvie
Faculty of Business - Papers (Archive)
Integrating input-output (IO) analysis and econometric model has become increasingly popular for it combines the advantages of both models (Isard & Anselin, 1982; Moghadam & Ballard, 1988; Beaumont, 1990; Coomes et al., 1991; West, 1991; Treyz, 1993; Israilevich et al., 1996; Rey, 1998; Motii, 2005). There are a number of strategies through which an IO analysis is merged with an econometric model. This paper examines two strategies to build an integrated input-output econometric (IO-EC) model, namely coupling and holistic embedding, from both theoretical and practical perspectives. Each strategy is analysed based on their simulation and forecasting performance. Both strategies are …