Seung, Chang K.; Ahn, Sung K. - In: The Review of Regional Studies 40 (2010) 2, pp. 181-96
Bayesian vector autoregressive (BVAR) models are developed to forecast industry employment for a resource-based economy. Two different types of input-output (I-O) information are used as priors: (i) a reduced-form I-O relationship and (ii) an economic-base version of the I-O information....