In this paper, we ask whether it is possible to forecast gross-value added (GVA) and its sectoral sub-components at the regional level. We are probably the first who evaluate sectoral forecasts at the regional level using a huge data set at quarterly frequency to investigate this issue. With an...

The response by regional and national economies to exogenous impulses has a well-established literature in both spatial econometrics and in mainstream econometrics and is of considerable importance given the current economic crisis. This paper focuses on dynamic counterfactual predictions and...

This study models and forecasts the components of population growth in Arkansas through 2017. A structural econometric model is developed and used to generate ex-ante forecasts. The model includes equations for births, deaths, and net migration. These three variables, in combination with...

We tackle the nowcasting problem at the regional level using a large set of indicators (regional, national and international) for the years 1998 to 2013. We explicitly use the ragged-edge data structure and consider the different information sets faced by a regional forecaster within each...

Using methods originating from statistical physics we model bubbles in English house prices. It is found that there was a nationwide housing bubble 2002-2007. Typically prices were 30-40% over-valued and fell around 20%. London is atypical in that the level of over-pricing was lower, only around...

Migration is an important component of contemporary society. Leaving the homeland for a better life and a well paid job is currently the most dynamic form of working population movement. For the host countries migration provides experienced cheap workforce capable of high performance. But the...

The welfare and social peace are the most important concepts when making policy decisions and investment spending of public resources. Currently both welfare and social peace are compromised by the lack of productive capital and excess of speculative capital, the imbalance between suffering...

The agricultural sector has great importance in the socio-economic development. Its development throughout history has enabled the emergence of other activities and therefore new jobs. Furthermore, the importance of the agribusiness can be evidence for its share of about 30% in the total...

This paper studies the spatial distribution of unemployment by gender, in the counties of Romania, in 2008.The Lorenz curve and Gini index are used to identify a pattern of spatial concentration of unemployment, differentiated by gender. Evaluation of gender differences in unemployment spatial...

This theoretical analysis develops a model for analyzing public policy in interdependent economies. The model allows for feed-backs between the commodity, money, and labor markets in all of the economic systems. Regionally oriented monetary policies are fully analyzed, as are regional oriented...