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Regional Economics Applications Laboratory : ウィキペディア英語版
Regional Economics Applications Laboratory

''The Regional Economics Applications Laboratory (REAL)'' at the University of Illinois at Urbana-Champaign is a regional science research center for advanced graduate students in the fields of economics, geography, urban and regional planning, computer science and mathematics. Professor Geoffrey J.D. Hewings is a co-founder of REAL and currently serves as Director.
==Main goal==
Created in 1989 by Philip Israilevich and Geoffrey J.D. Hewings, the Regional Economics Applications Laboratory (REAL) at the University of Illinois at Urbana-Champaign started as a cooperative venture between the Federal Reserve Bank of Chicago and the University of Illinois.
While analyses of economies at the national level have long been prominent in the field of economics, increasing fragmentation of the production process in conjunction with increasing regional specialization due to the reduction of transportation costs obliges us to consider economies from a sub-national or even local perspective. Further, the last decade has seen remarkable progress in techniques for spatial economic analysis – the measurement and interpretation of economic activity across geographies as small as counties to units as extensive as individual countries.
Based on these approaches and techniques, 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. Current activities focus on interstate trade, forecasts for the Chicago, Illinois and other Midwest economies, housing market analysis and forecasts, demographic-economic modeling (especially the role of aging and immigration) and the development of alternative computable general equilibrium models created on the same data base.
Research at REAL always attempts to provide a range of exposure to new curricula materials, methods of conducting interdisciplinary and international collaborative research and guidance in the preparation of material for dissemination in the public policy arena. The latter component is extremely important and undervalued, yet academic research over the next decade is likely to be more project-driven with funding from stakeholders whose interest lie in the policy arena and less in the academic or scholarly content. Hence, it is important that scholars learn, at an early stage in their career, how to balance the needs of client-based research with demands imposed on them by the academy for demonstrating high levels of scholarly achievement.
REAL was created to operate like a science laboratory - with students and faculty together in one space, promoting interaction and collaboration. A weekly seminar series provides students with many opportunities to present their research and an active Discussion Paper series on the web ensures wide dissemination for research. REAL is supported by external grants and contracts, many of which have been developed with agencies in Brazil, Chile, Colombia, Indonesia, Japan, Korea, and Austria. Most of the research has successfully served two markets - academic journals and public policy.

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