Regional economic forecasting: state-of-the-art methodology and future challenges


  • Robert Lehmann Ifo Institute, Dresden Branch
  • Klaus Wohlrabe Ifo Institute, Munich



Over the last decade, the topic of regional economic forecasting has become increasingly prevalent in academic literature. The most striking problem in this context is data availability at a regional level. However, considerable methodological improvements have been made to address this problem. This paper summarises a multitude of articles from academic journals and describes state-of-the-art techniques in regional economic forecasting. After identifying current practices, the article closes with a roadmap for possible future research activities.


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How to Cite

Lehmann, R., & Wohlrabe, K. (2014). Regional economic forecasting: state-of-the-art methodology and future challenges. Economics and Business Letters, 3(4), 218–231.