Public policy aims to serve the best interests of the public. To achieve this goal, policymakers and planners need to evaluate legislation to ensure that the benefits of economic prosperity are broad-based.
We invite you to join us for “Guiding Policy through Economic Modeling: Socioeconomic Indicators (SEI) and Regional Development,” our upcoming webinar on Tuesday, November 2, from 2:00 to 3:00 p.m. (ET).
This presentation will provide an overview of “Using Socioeconomic Indicators (SEI) in Regional Economic Modeling,” a study that presents the methodology and sample applications for standardized socioeconomic indicators (SEI) that provide metrics for understanding the distributional impacts of public policies.
Using the REMI PI+/SEI macroeconomic policy analysis model, this discussion will consider two policy scenarios in a simulation context. First, I will analyze current COVID-driven migration challenges facing state and local governments.
Second, I will evaluate a workforce and regional economic development scenario to understand a state apprenticeship program. Both simulations will demonstrate the value of implementing standardized metrics for SEI in economic modeling through distributional analyses.