AN ECONOMETRIC MODEL OF METROPOLITAN EMPLOYMENT AND POPULATION GROWTH
RAND CORP SANTA MONICA CA
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This Memorandum presents an econometric model describing the growth of metropolitan employment and population. The analysis is carried out for three geographical areas, the entire Standard Metropolitan Statistical Area SMSA, the central city, and the metropolitan ring the part of the SMSA lying outside the central city. A mathematical model was constructed to describe changes taking place in each of the three geographical areas in manufacturing, wholesaling, retailing, and selected service trades in finance, insurance, and real estate in transportation, communications, and public utilities and in government administrative employment, and residential population. The models parameters were estimated using data taken from a sample of 41 of the largest SMSAs. The model was then used to forecast ten-year changes in employment and population for 36 of the nations most important metropolitan areas.
- Statistics and Probability
- Economics and Cost Analysis