Summary & Slides
What Was Presented   Slides Presented at Conference

How do we value outcomes of policy impact simulations?

Impact = policy simulation – baseline.

  • How large must an impact be to have importance for policy?
  • Many studies report what seem to be small impacts. But, what is “small”?
  • How small is too small to have meaning for policy?
  • What constitutes a “null” impact?

Answers to these questions are critical to assessing the policy content of REMI modeling outcomes.

We used this presentation as the start of a forum for discussion about how to assign meaning to the numbers produced through a REMI policy simulation. We will frame and continue this dicussion in the Forum section of REMI's web site.


Contacts
Rose M. Baker, Director, Center for Regional Economic & Workforce Analysis, 814.865.9919, rmb194@psu.edu.
David L. Passmore, Director, Institute for Research in Training & Development, 814.863.2583, dlp@psu.edu.

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