Frankfort, Kentucky

"Competing Vision of Economic Policy: the Analytical Approach"

Presented by Adam Fulton, Associate Economist, REMI

Date/Time
August 2, 2012
9:00 am - 12:30 pm

Location
Hampton Inn Frankfort
1310 U.S. 127
Frankfort, KY
United States

The seminar topics will include:

• Assessing the Economic Impact of the Keystone XL Pipeline

Using the REMI PI+ model, we will discuss a methodology behind an economic analysis of the Keystone XL pipeline. The proposed pipeline would impact seven states and two Canadian provinces, while indirectly affecting the price of oil in the United States.

• Transportation and the Economy

We will discuss the growing demand for more rigorous economic analysis of transportation projects and local area forecasting.  We will discuss the specific applications of two models, TranSight and Metro-PI. TranSight,our dedicated model for analysis of transportation-related policy, brings together regional modeling with forecasting and travel demand models (TDMs).  Metro-PI is a comprehensive tool to for analyzing regional demographics down to the TAZ level to better forecast development, transportation and environmental needs.  Here, we outline the methodology of the models, the integration with TDMs, and how they perform benefit-cost analysis (BCA) and economic impact analysis (EIA) on projects and financing scenarios for MPOs and state DOTs across the United States.

• Evaluating State Tax Incentives

Each year, states give out billions in tax incentives, and, according to the Pew Center on the States report, “Evidence Counts: Evaluating State Tax Incentives for Jobs and Growth,” they oftentimes do it without public accountability. Here, we will discuss how two states, Connecticut and Missouri, use REMI models to evaluate their tax incentive programs, including benefit-cost analysis and fiscal impacts in the methodology of the Tax-PI analytical tool.

• The Role of Policy Analysis in Evaluating Competing Economic Visions

When it comes to job creation, economic growth, personal income, and a host of other issues, economic modeling and public policy are always interrelated. This session will cover an introduction to REMI models, our PI⁺ base model, and their application within the United States and throughout the rest of the globe.

If you would like to attend these seminars, you can reply to this e-mail, contact us by phone, or register online below.