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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 index registers a modest increase but sustained growth unlikely over next 24 months more.. (Released: 05-15-2009)
- Net migration drains $1.6 billion from Illinois economy each year more... (Released: 05-01-2009)
- REAL's appraisal of the Federal Stimulus Package and the Illinois House Capital Bill on the Illinois Economy more... (Released: 04-15-2009)
- Tae-Jeong Kim analyses the impact of updated Fed US forecasts on the Chicago economy. more... (Released: 04-07-2009)
- Geoffrey Hewings presents some thoughts for the new Governor of Illinois. more... (Released: 04-07-2009)
- Chicago Busines Activity Index:"Chicago economy expected to contract significantly over the next 12 months"more.. (Released: 02-23-2009)
EU - REAL Meeting (September 17-18, 2009)
You are warmly invited to participate in the 6th EU-REAL meeting which will be hosted by the Research Centre of Macroeconomic and Regional Forecasting of the Academy of Economic Studies of Bucharest, Romania, on September 17-18, 2009. If you are interested in participating, please send the title and abstract of your presentation to Professor Dr. Daniela Constantin to: dconstan@hotmail.com The deadline for confirmation is April 30th.
Services
- Illinois Economic Observatory
- Illinois Economic Review, Illinois Monthly Employment (April Report is now available).
- Download the CBAI Index
- The Chicago Business Activity Index. (April Index is now available)
- Recent Discussion Papers are now available online
- Abstracts of Discussion Papers, Technical Series.
- 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.