Cover: A Distributed Lag Model of Employment Levels in Seattle.

A Distributed Lag Model of Employment Levels in Seattle.

by Daniel A. Relles, Larry A. Day

Purchase Print Copy

 FormatList Price Price
Add to Cart Paperback75 pages $25.00 $20.00 20% Web Discount

Abstract

Describes the development of a distributed-lag econometric model of employment levels in each of Seattle's major industrial sectors. The model is then used to explore the reaction of the local economy to the 1969-1971 aerospace employment cutbacks, an event that has no simple explanation due to the confounding phenomena of long-term growth just prior to and a national downturn concurrent with those cutbacks. The model's principal value, however, is as a forecasting tool, and in this regard the report presents an empirical study that shows it capable of dealing effectively with the problem of predicting the magnitude and timing of the effects of changes in general economic conditions. 75 pp. Bibliog.

This report is part of the RAND Corporation report series. The report was a product of the RAND Corporation from 1948 to 1993 that represented the principal publication documenting and transmitting RAND's major research findings and final research.

The RAND Corporation is a nonprofit institution that helps improve policy and decisionmaking through research and analysis. RAND's publications do not necessarily reflect the opinions of its research clients and sponsors.