Policy analysis applications of remi economic forecasting and simulation models
By: TREYZ, George I
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ArticlePublisher: New York : Marcel Dekker, 1995International Journal of Public Administration - IJPA 18, 1, p. 13-42Abstract: This article surveys the ways that regional economic forecasting and policy analysis models have been used to provide information as an input for policy decision making in the public and private sectors. The major areas are as follows: forecasting and planning; economic development; transportation; energy and natural resources; taxation, budget, and welfare; United States policies; and environmental policies. The survey indicates that, while analysis and research may be required to prepare for a model simulation, the predicted economic effects of a policy can be very important information as an input for a wide range of policy decisions.
This article surveys the ways that regional economic forecasting and policy analysis models have been used to provide information as an input for policy decision making in the public and private sectors. The major areas are as follows: forecasting and planning; economic development; transportation; energy and natural resources; taxation, budget, and welfare; United States policies; and environmental policies. The survey indicates that, while analysis and research may be required to prepare for a model simulation, the predicted economic effects of a policy can be very important information as an input for a wide range of policy decisions.
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