R
|
E
|
A
|
L
Welcome to R | E | A | L
The Regional Economics Applications Laboratory focuses on the development and use of analytical models for urban and regional forecasting and economic development.
REAL's mission is to provide timely, high quality analytical economic information for a variety of uses such as public policy decision making by public sector agencies and for strategic marketing in the private sector. REAL's capabilities revolve around comprehensive state and metropolitan models that integrate econometric and input-output analysis to provide for both impact and forecasting analyses.
While REAL's primary focus has been on the economies of the Midwest, REAL has collaborated in the development of models for several regions on the east coast. In addition, two models have been constructed for states in Brazil and a third is under construction. A model for the Jakarta Metropolitan region is also under construction.
REAL draws its staff from cooperating institutions and advanced graduate students in the fields of economics, geography, urban and regional planning, computer science and mathematics. Many of the projects the students work on then become the basis for thesis and dissertations.
Monitoring the Economy
- Chicago Business Activity decreased in November more..(Released: 01-17-2012)
- IL Job Report - December: So far in 2011, Illinois has performed as good as the nation and better than the RMW. From Jan 2011 to Nov 2011, the average growth rate for Illinois is 0.10% while for the RMW is 0.08% and for the nation is 0.10%. more.. (Released: 01-09-2012)
- MSA Job Index -December: Seven out of the ten MSAs posted negative growth in Nov. In terms of monthly growth performance, Decatur dropped to the last place in terms of monthly growth performance, while Springfield climbed up to the first place. more.. (Released: 01-10-2011)
- Illinois Economic Review Report - December: The number of jobs needed to be created in order to erase the gap between the official and shadow unemployment rate increased slightly. The number has grown from last month’s 168,700 to 172,200. So far in 2011, the state has had widening gaps in 9 months. There are only 2 months when the gap has been narrowed (October and November). more.. (Released:01-10-2011)
- Housing Tax incentive: While 84,559 homebuyers in Illinois put in a claim for the Federal Home Buyer Tax Credit, only 25,504 sales were actually boosted by the incentive more..(Released: 09-21-2010)
REAL Seminar - Fall 2011
The venue and time:
Mondays, 12:00 pm - 1:00 pm.
219 Davenport Hall
607 S. Mathews Avenue
Next Presentations:
12:00 pm~ 1:00 pm
Christian C. Ganzert "The Search for a Conceptual Model of the Regional Economic Agents’ Relationships Balance Management: The Multidimensional Social Networks Aanalysis (MSNA) Approach"
1:00 pm~ 2:00 pm
Aline Souza Magalhaes "Impacts of mitigation policies in the Brazilian economy: an analysis based on dynamic recursive CGE model"
Services
- REAL in the news
- Recent research featured from REAL members.
- Visit EU REAL - the European Union REAL
- Regional Economics Applications Laboratory modeling and forecasting about the European Union.
- Visit the Regional Science website at the University of Illinois at Urbana-Champaign
- Regional Science at the UI.