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Absolute Percent Errors bottom-up models capital stock Central Visayas Constant Pesos consumer price index Control Forecast country outside region Danao data were obtained determined by national disaggregating disposable income domestic product deflator durable equipment dynamic simulation estimated ex-post forecast exogenous expenditure in current FCPR.i FCPR7 GCEj government construction expenditure government consumption expenditure government expenditures government revenues gross domestic product gross regional product growth rate investment in durable KCR7 KCRj labor force model for Region national forecast national government consumption national model national price national variables national wage rate natural logarithm nontax revenue Numbers PCER PCERj personal consumption expenditure Policy Simulation private construction production function public component real gross domestic real gross regional real interest rate real personal consumption Region 7 Central regional econometric model regional employment Regional investment regional model regional output Regional prices regional wage rate serial correlation TOP-DOWN ECONOMETRIC MODEL top-down models unemployment rate