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The 58 County, economic forecasting project was conceptualized by the California Department of Transportation to provide an important tool to the local transportation community in each County of the state. The mission of the proje...
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The 58 County, economic forecasting project was conceptualized by the California Department of Transportation to provide an important tool to the local transportation community in each County of the state. The mission of the project is the development of county-level forecasting models to project general economic activity at the county level on a long term basis. The length of the forecast is 20 years. The purpose of this methodology report is to explain the method and structure underlying this Project in a thorough, understandable, and comprehensive format.
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The document presents an overview of the state-subsidized child care funding and the implementation of the standard reimbursement rate system. Further, the child care program cost data are analyzed to determine (1) whether child c...
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The document presents an overview of the state-subsidized child care funding and the implementation of the standard reimbursement rate system. Further, the child care program cost data are analyzed to determine (1) whether child care programs which are subject to collective bargaining agreements have higher costs than other programs and (2) whether urban child care programs are more costly than rural programs. While evidence indicates that child care centers covered by collective bargaining agreements and centers located in urban areas have somewhat higher costs, on average, than their nonunionized or rural counterparts, differences in the estimated costs per child in unionized versus nonunionized and urban versus rural centers were not statistically significant at the 95 percent confidence level. Moreover, a statistical analysis of the factors influencing costs per child indicates that only 25 percent of the cost variation among centers can be explained by five factors: (1) presence/absence of collective bargaining; (2) urban/rural location; (3) percentage of school-aged children enrolled; (4) percentage of infants enrolled; and (5) size of program.
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The report describes an annual econometric model of the U.S. economy developed at BEA. It was designed for forecasting and policy analysis over a 5 to 20 year horizon, and therefore is significantly different in many ways from any...
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The report describes an annual econometric model of the U.S. economy developed at BEA. It was designed for forecasting and policy analysis over a 5 to 20 year horizon, and therefore is significantly different in many ways from any short-term forecasting model. It contains 254 equations, of which 112 are stochastic.
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Total of U.S. rice supplies for 2002/03 (August-July) are projected at a record 264 million hundredweight (cwt) (rough basis), up almost 4 percent from a year earlier. A 37-percent increase in beginning stocks to 39 million cwt mo...
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Total of U.S. rice supplies for 2002/03 (August-July) are projected at a record 264 million hundredweight (cwt) (rough basis), up almost 4 percent from a year earlier. A 37-percent increase in beginning stocks to 39 million cwt more than offset a fractional drop in production to 212 million cwt-still the second highest on record-and a 1-percent cut in imports to 13 million cwt. This is the second consecutive year of record total rice supplies, primarily due to bumper crops in both 2001 and 2002.
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This paper deals with a dynamic linear programming model on a pilot scale that attempts to describe in physical terms many of the technological interactions within and across the sections of the American Economy, including a detai...
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This paper deals with a dynamic linear programming model on a pilot scale that attempts to describe in physical terms many of the technological interactions within and across the sections of the American Economy, including a detailed energy sector. The general aim of the model is to provide information on what the country would achieve over the long run in physical terms in the face of a changing energy picture. The model is expected to (1) incorporate most recent available data of sufficiently good quality (albeit in an aggregated form) that it can be used to generate some meaningful scenarios showing how the economy might be affected if the energy picture evolves in a specific way, and (2) provide us at the Systems Optimization Laboratory a prototype for research in solving large-scale linear programming models of energy systems.
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Chairman Murray, Senator Sessions, and Members of the Committee, thank you for inviting me to testify on the Congressional Budget Office's (CBO's) most recent analysis of the outlook for the budget and the economy. My statement su...
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Chairman Murray, Senator Sessions, and Members of the Committee, thank you for inviting me to testify on the Congressional Budget Office's (CBO's) most recent analysis of the outlook for the budget and the economy. My statement summarizes CBO's new economic forecast and baseline budget projections, which cover 2014 to 2024. Those estimates were released last week in the report titled The Budget and Economic Outlook: 2014 to 2024. The federal budget deficit has fallen sharply during the past few years, and it is on a path to decline further this year and next year. The Congressional Budget Office (CBO) estimates that under current law, the deficit will total $514 billion in fiscal year 2014, compared with $1.4 trillion in 2009. At that level, this year's deficit would equal 3.0 percent of the nation's economic output, or gross domestic product (GDP) close to the average percentage of GDP seen during the past 40 years.
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Chapter one of this report discusses the investment climate in Jordan, including the encouragement of investment law, future investment strategy, joint ventures, bilateral economic relations between Jordan and Austria, main areas ...
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Chapter one of this report discusses the investment climate in Jordan, including the encouragement of investment law, future investment strategy, joint ventures, bilateral economic relations between Jordan and Austria, main areas for cooperation in the field of projects, and free zones in Jordan. Chapter two covers the banking sector, including the Central Bank of Jordan, commercial banks, specialized credit institutions, finance companies and saving and loan companies, non-bank financial institutions, the Amman financial market, and some recommendations to foster financial relations. Chapter three discusses the overall fiscal position including revenues, expenditures, financing, public debt, and international fiscal cooperation.
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This volume presents the design of a general multiregional econometric model of the United States, and the design of a regional electricity consumption and demand submodel. The multiregional econometric model is intended to provid...
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This volume presents the design of a general multiregional econometric model of the United States, and the design of a regional electricity consumption and demand submodel. The multiregional econometric model is intended to provide forecasts of regional population, economic activity by industrial sector, regional wages, and incomes. The electricity submodel is designed to take forecasts of such general economic indicators (together with forecasts of relative electricity and other energy costs) and to produce forecasts of electricity (kWh) consumption by customer category and forecasts of peak load. While the ultimate purpose of the present effort is regional electricity forecasting, it is clear that the multiregional econometric model which supports the electricity submodel has a great many other uses.
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EPRI's Energy Demand and Conservation Program requires an integrated regional eco¬nomic and electricity demand forecasting system to aid its RSD planning. Because this planning is inherently long-range, the forecasting system mus...
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EPRI's Energy Demand and Conservation Program requires an integrated regional eco¬nomic and electricity demand forecasting system to aid its RSD planning. Because this planning is inherently long-range, the forecasting system must be structured to generate plausible 25-year forecasts and to reflect upon the important contingencies confronting the electric power industry.
This report develops and presents a plan of research for an integrated regional economic and electricity demand forecasting system. The system encompasses not only the forecasting of electricity sales to major classes of service and the forecasting of peak demands but also forecasting of regional economic and demographic growth that will substantially determine regional demand for electricity.
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