By Paul F. Wendt (auth.), P. F. Wendt (eds.)
The proposal for this booklet had its origins in a sequence of operating papers ready for the Georgia Transportation making plans Land Use version undertaking. The e-book isn't an authentic document on that venture and doesn't unavoidably replicate the perspectives of the Georgia division of Transportation. Mrs. Catherine Bennett, structures fashion designer, assisted within the certain run of the Georgia country Econometric version in bankruptcy 2. Mr. Richard Burns and omit Louise Shedd, study assistant!i, aided in information meeting and research for Chapters three and five. The authors desire to exhibit their specific due to Mrs. Dallas Gonzales, who supplied editorial guidance, and to Mrs. Deborah Conklin, who typed the ultimate manuscript. desk of contents PREFACE v checklist OF TABLES x checklist OF FIGURES xii 1. creation AND evaluation PAUL F. WENDT city development theories 1 Land use types four The Georgia transportation making plans land use version 6 Employment and inhabitants submodel 7 Description of the Delphi procedure eight Housing and inhabitants submodel nine Relationships among land use forecasting 10 precis 12 2. nationwide AND nearby ECONOMETRIC versions sixteen JOHN B. LEGLER AND TERRY D. ROBERTSON Macro-econometric types sixteen difficulties in developing nearby econometric versions 19 The Georgia version 20 checking out the Georgia version 22 Forecasts and functions of the Georgia version 25 An instance of influence research utilizing the Georgia kingdom version 28 precis 30 three. progress and alter within the GEORGIA local ECONOMIES 32 CHARLES F.
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In short, the use of national and state models provides a valuable tool for forecasting economic activity or assessing the macroeconomic impact of policy alternatives, transportation investment being a representative example. NOTES I. Robert T. 2, pp. 187-204. 2. Frederick W. 2, pp. 109-128. 3. Richard P. Burton and J. W. Dyckman, 'A Quarterly Economic Forecasting Model for the State of California,' Center for Planning and Development Research, University of California, Berkeley, 1965. 31 NOTES 4.
Employment from Charles F. Floyd, The Georgia Regional Economies: The challenge of growth. Appendix A, The University of Georgia, 1974, pp. 59-185. 2 $ 1950 1950--1959 Summary statistics of economic change: 1950-1970 - United States and Georgia. United States. Per capita income Total personal income (millions) Population (millions) Employment (thousands) TOTAL Agricultural Non-agricultural Manufacturing Civilian Civilian nonagricultural Table 3-2. j:>. GROWTII AND CHANGE IN THE GEORGIA ECONOMY: RETROSPECT 35 20 percent of all the State's workers were employed in agriculture, nearly double the United States average.
One can easily follow the arrows to discover the causal relationships. For example, the figure shows the output acts on employment, wages and income, investment, banking, and demographic variables. In turn, output is affected by exogenous variables, state and local government, and investment. Testing the Georgia model How good is the Georgia econometric model at forecasting trends in the state's economy? The obvious test is to compare the forecasted data with the actual data as it becomes available.
Forecasting transportation impacts upon land use by Paul F. Wendt (auth.), P. F. Wendt (eds.)