Specification of a Borderplex Econometric Forecasting Model

Thomas Fullerton ()

Urban/Regional from University Library of Munich, Germany

Abstract: Historically linked by geography, trade, and culture, border areas of the United States and Mexico are becoming even more closely integrated by the elimination of trade and investment barriers under the North American Free Trade Agreement. Greater economic integration raises the question of whether the traditional approach to regional econometric modeling is applicable to border metropolitan areas. This paper examines this issue with respect to the El Paso - Ciudad Juarez borderplex by specifying and estimating an econometric model and then simulating it under different currency conditions. Simulation output from the model is then compared and contrasted with extroplations from a Bayesian vector autoregression model. Results indicate that the traditional model provides a viable means for analyzing international border region business trends.

Keywords: Border economics; regional econometrics; currency devaluation (search for similar items in EconPapers)
JEL-codes: R15 (search for similar items in EconPapers)
Pages: 19 pages
Date: 2004-05-25
New Economics Papers: this item is included in nep-geo and nep-ifn
Note: Type of Document - doc; pages: 19
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Citations: View citations in EconPapers (13)

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Related works:
Journal Article: Specification of a Borderplex Econometric Forecasting Model (2001)
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Persistent link: https://EconPapers.repec.org/RePEc:wpa:wuwpur:0405006

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