The Washington Projection and Simulation Model: A Regional Interindustry Econometric Model

Richard S. Conway
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Richard S. Conway: Dick Conway & Associates, 2323 Eastlake Avenue East, Seattle, Washington 98102 USA

International Regional Science Review, 1990, vol. 13, issue 1-2, 141-165

Abstract: Originally built in 1977, the Washington Projection and Simulation Model (WPSM) is a regional interindustry econometric model designed for forecasting and impact analysis. This article describes the most recent formulation of WPSM, analyzes the accuracy of the long-range forecasts prepared with the original model in 1976, and evaluates the model's simulation properties. The experience of developing and applying WPSM over the past ten years provides a basis for assessing the relative merits of this seldomly followed approach to regional economic modeling.

Date: 1990
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Persistent link: https://EconPapers.repec.org/RePEc:sae:inrsre:v:13:y:1990:i:1-2:p:141-165

DOI: 10.1177/016001769001300110

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