4. ECONOMETRIC MODELS
The models discussed in this part have features in common with the non-economic empirically oriented models of Part 2, and with the monocentric simulation models of part 1. With the former they share a committment to actual data from which model equations are to be estimated. With the latter they share a committment to microeconomics from which model equations are theoretically derived. At the same time, these econometric models go beyond the other model groups in a number of ways. First, there is the use of econometric techniques to estimate the models’ equations. As a result the availability of data and its aggregation play an important role in determining the models’ specification. Second, these models have been developed ...
Get Modelling in Urban and Regional Economics now with the O’Reilly learning platform.
O’Reilly members experience books, live events, courses curated by job role, and more from O’Reilly and nearly 200 top publishers.
