ECONOMETRICS PERSPECTIVE FOR LOCAL DEVELOPMENT
Keywords:
Econometrics, Local development, DigitizationAbstract
Spatial econometric methods have advanced rapidly, and many studies show the utility of these techniques in various fields. However, they have not yet received enough attention in the context of sustainable development. The main role of local development policy is to create a favorable business environment and new jobs, thus contributing to economic development. System dynamics and econometrics have traditionally been viewed as contrasting and sometimes conflicting approaches to deriving parameters for economic models. The digitization and automation of econometrics has the potential to accelerate national, regional, and local economic development and global economic connections, and some have been remarkably successful in doing so. Despite the prevalence of special economic zones around the world, their performance and impact on the economy and structural transformation are quite mixed. Economic development leads to a progressive change in the socioeconomic structure of the country. So, unlike economic growth, it is also concerned with changes in the technological and institutional mechanisms of production and distribution.
Keywords: Econometrics, Local development, Digitization.
Downloads
References
Abdallah, Nadia & Halim, Dabbou & Gallali, Mohamed. (2022). The Contribution of Spatial Econometrics in the Field of Empirical Finance. Review of Economics and Finance. 20. 17-31. 10.55365/1923.x2022.20.3.
Arthur, Daniel. (2021). Comparison of System Dynamics Calibration and Econometric Estimation. 10.1007/978-3-030-67190-7_7.
Caglayan Akay, Ebru & Yılmaz Soydan, N. Tuba & Kocarık Gacar, Burcu. (2022). Bibliometric analysis of the published literature on machine learning in economics and econometrics. Social Network Analysis and Mining. 12. 10.1007/s13278-022-00916-6.
Gérard, Tchouassi & Pierre Patrick, Dzou. (2020). The Financial Decentralization Policy for Local Development in Cameroon: An Econometric Analysis. Journal of Empirical Studies. 7. 52 - 60. 10.18488/journal.66.2020.71.52.60.
Kumari, Namita & Bhanoo, Suman. (2022). From the concept of economic development to local economic development. World Journal of Advanced Research and Reviews. 13. 076-081. 10.30574/wjarr.2022.13.2.0108.
Storonyanska, Iryna & Patytska, Khrystyna. (2022). Economic zones as a tool for local economic development. Socio-Economic Problems of the Modern Period of Ukraine. 3-9. 10.36818/2071-4653-2022-3-1.
Sun, Yike. (2022). Research on Application of artificial Neural Network in econometrics. Advances in Engineering Technology Research. 3. 309. 10.56028/aetr.3.1.309.
Wang, Yingshuo & Lahoorpoor, Bahman & Levinson, David. (2022). The Spatiotemporal Evolution of Sydney's Tram Network Using Network Econometrics. Geographical Analysis. 10.1111/gean.12341.
