Abstract
The authors specify a time series and cross section model which consists of 20 reduced form equations consisting of 64 socioeconomic variables for which data are available at the U.S.A. county level. The design of a model at this level of detail permits analysis at the multicounty level for regions and states and is also applicable for nations where socioeconomic data files are not plentiful. In addition to the multilevel geographic applicability of the model, it consists of variables measured in terms of growth rates so that intersectoral consistency checks can be integrated in the development of policy sensitive applications of the model. Finally, the model consists of a series of sector by sector equations to facilitate policy tests and to simplify the simultaneity requirements of the model. Preliminary results are presented for the State of Maryland and its 24 counties.
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