Model
Digital Document
Publisher
Florida Atlantic University
Description
The purpose of this thesis is to present an
econometric model for the region of Palm Beach County. This
type of economic analysis was chosen because it captures the
influence of the service and trade industries as well as the
simultaneous nature of other industries which dominate the
local economy.
The estimation results identified the construction
industry as a leading indicator of economic activity in
transportation, communications, utilities, finance,
insurance and real estate. This simultaneous structure of
the model led to the application of various multipler
analyses. It was found that local construction output
affected gross regional product, local personal income and
local total employment. National personal income was found
to influence local trade which in turn affects levels of
local output, employment and income.
econometric model for the region of Palm Beach County. This
type of economic analysis was chosen because it captures the
influence of the service and trade industries as well as the
simultaneous nature of other industries which dominate the
local economy.
The estimation results identified the construction
industry as a leading indicator of economic activity in
transportation, communications, utilities, finance,
insurance and real estate. This simultaneous structure of
the model led to the application of various multipler
analyses. It was found that local construction output
affected gross regional product, local personal income and
local total employment. National personal income was found
to influence local trade which in turn affects levels of
local output, employment and income.
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