A REGIONAL ECONOMIC SIMULATION MODEL'THEORY AND APPLICATION.

EARLY IN 1963 THE SOUTHEASTERN WISCONSIN REGIONAL PLANNING COMMISSION BEGAN WORK ON A SERIES OF MAJOR REGIONAL PLANNING STUDIES DIRECTED AT THE PREPARATION OF CERTAIN KEY ELEMENTS OF AN ADVISORY PLAN FOR THE PHYSICAL DEVELOPMENT OF THE REGION. THIS DOCUMENT CONSTITUTES A PROGRESS REPORT ON COMMISSION RESEARCH EFFORTS OVER THE LAST THREE YEARS DIRECTED TOWARD THE DEVELOPMENT OF A MATHEMATICAL MODEL OF THE ECONOMY OF THE SOUTHEASTERN WISCONSIN REGION. ALTHOUGH THIS MODEL WAS DEVELOPED PRIMARILY FOR APPLICATION IN THE REGIONAL LAND USE-TRANSPORTATION STUDY, IT HAS POTENTIAL USEFULNESS IN OTHER REGIONAL STUDIES REQUIRING FORECASTS OF FUTURE REGIONAL ECONOMIC ACTIVITY LEVELS. THE REGIONAL ECONOMIC SIMULATION MODEL IS A DYNAMIC MODEL OF THE INPUT- OUTPUT TYPE AND REPRESENTS THE FIRST KNOWN ATTEMPT TO APPLY A DYNAMIC INTER-INDUSTRY MODEL TO A SMALL REGION. ALTHOUGH ITS REQUIREMENTS FOR DATA ARE QUITE DEMANDING, IT PROVIDES THE REGIONAL PLANNER WITH FORECASTS IN GREATER DETAIL THAN MORE AGGREGATIVE MODELS. /AUTHOR/

  • Supplemental Notes:
    • Tech Report NO 5,50PP
  • Corporate Authors:

    SOUTHEASTERN WISCONSIN REGIONAL PLANNING

    P.O. BOX 1607
    OLD COURTHOUSE, 916 N. EAST AVE, ZZ WAUKESHA   
  • Publication Date: 1966-10

Subject/Index Terms

Filing Info

  • Accession Number: 00201335
  • Record Type: Publication
  • Files: TRIS
  • Created Date: Jun 5 1994 12:00AM