Regional Economic Forecasting: State-of-the-Art Methodology and Future Challenges

17 Pages Posted: 16 Jan 2015

See all articles by Robert Lehmann

Robert Lehmann

CESifo (Center for Economic Studies and Ifo Institute) - Ifo Institute

Klaus Wohlrabe

CESifo (Center for Economic Studies and Ifo Institute) - Ifo Institute

Date Written: December 30, 2014

Abstract

Over the last decade, the topic of regional economic forecasting has become increasingly prevalent in academic literature. The most striking problem in this context is data availability at a regional level. However, considerable methodological improvements have been made to address this problem. This paper summarizes a multitude of articles from academic journals and describes state-of-the-art techniques in regional economic forecasting. After identifying current practices, the article closes with a roadmap for possible future research activities.

Keywords: regional economic forecasting, regional gross-domestic product, regional labour markets

JEL Classification: E270, E370

Suggested Citation

Lehmann, Robert and Wohlrabe, Klaus, Regional Economic Forecasting: State-of-the-Art Methodology and Future Challenges (December 30, 2014). CESifo Working Paper Series No. 5145. Available at SSRN: https://ssrn.com/abstract=2550172

Robert Lehmann (Contact Author)

CESifo (Center for Economic Studies and Ifo Institute) - Ifo Institute ( email )

Einsteinstrasse 3
Dresden, 01069
Germany
+49(0)351 / 26476-21 (Phone)
+49(0)351 / 26476-20 (Fax)

HOME PAGE: http://www.cesifo-group.de/ifoHome/CESifo-Group/ifoDresden/ifo-ND-Mitarbeiter/cvifod-lehmann_r.html

Klaus Wohlrabe

CESifo (Center for Economic Studies and Ifo Institute) - Ifo Institute ( email )

Poschinger Str. 5
Munich, 01069
Germany

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