economic & demographic modeling assets & capabilities
TRANSCRIPT
Economic & Demographic Modeling Assets &
Capabilities
Rose BakerDavid Passmore
Institute for Research in Training & Development
Institute for Research in Training & Development
Rose BakerAssistant Professor of Workforce Education & Development / Research Associate in Office of Associate Dean for Research, Outreach, &Technology
Professor of Workforce Education & Development / Director of Institute
David Passmore
More @ http://Oct7-PSU.notlong.com
Information Elements Available from Institute(http://Oct7-PSU.notlong.com)
Economic & Demographic Forecasting & Modeling with REMI PI+
Economic & Demographic Forecasting with REMI PI+
Economic & Demographic Forecasting with REMI PI+
1990–2008 historical2009–2050 forecastedInput–output model at
core3–digit NAICS sector
detailStructural accounting
and forecasting of components that feed into core model
Articulated & calibrated with U.S. REMI Policy Insight Model
Rationalizes wide range of data sources
Links migration to economic change
Full accounting of forces of demography in 880 age/sex/race groups
Economic & Demographic Modeling with REMI PI+
Fiscal Forecasting & Analysis with REMI Tax-PICalibrate the budget
Line items for revenuefrom state budget
Sources of revenue
Enter revenue for region
Fiscal Forecasting & Analysis with REMI Tax-PICalibrate the budget
Line items for expendituresfrom state budget
Drivers of expenditure
Enter expenditures for region
Fiscal Forecasting & Analysis with REMI Tax-PIAnalyze budget policy changes
Make budget changes in model
Fiscal Forecasting & Analysis with REMI Tax-PICalibrate the budget
Simulate impact of changes
Kansas Department of RevenueMississippi Institute for Higher LearningFlorida Legislative Fiscal OfficeLouisiana Department of Revenue
Users of REMI Tax-PITax-PI recently released
¸20 states adapt REMI Policy Insight for tax analysis
REMI Policy Insight can be delivered in 5 daysREMI Tax-PI has taken about 4 weeks to calibrate
Economic & Demographic Modeling Assets &
Capabilities
Rose BakerDavid Passmore
Institute for Research in Training & Development