Statistical Analysis of Regional Growth: Consistent Modeling of Employment, Population, Labor Force Participation, and Unemployment

Ledent J (1981). Statistical Analysis of Regional Growth: Consistent Modeling of Employment, Population, Labor Force Participation, and Unemployment. IIASA Working Paper. IIASA, Laxenburg, Austria: WP-81-128

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Abstract

This paper focuses on the consistency problem that arises in statistical models of regional growth from the joint and simultaneous consideration of the following four labor market variables: employment, population, the labor force participation rate, and the unemployment rate. As these variables are linked by a definitional equation, one of them must, of necessity, be derived from the others. But which of the four variables should one choose as the nonprimary variable?

A test of the four possible alternatives in connection with a simple statistical model fitted to data for the rapidly growing metropolitan area of Tucson, Arizona, reveals that the preferable choice for the nonprimary variable is the labor force participation rate.

Item Type: Monograph (IIASA Working Paper)
Research Programs: Human Settlements and Services Area (HSS)
Depositing User: IIASA Import
Date Deposited: 15 Jan 2016 01:49
Last Modified: 18 Nov 2016 18:39
URI: http://pure.iiasa.ac.at/1633

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