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Review of Tools - Kentucky Transportation Center

University of Kentucky Transportation Center, Research Results, v.1, n.6, September 2006

 

The University of Kentucky conducted a study, "Early Stage Benefit Cost Analysis for Estimating Economic Impacts," released in Sept. 2006. An abstract and link to the study be found on the TRB Website

 

The Key Conclusions/Recommendations:

  1. *"A total of 13 economic software packages were examined as potential applications in meeting KyTC business needs."
  2. "The models from TREDIS (Economic Development Research Group, Inc.) and TransSight (Regional Economic Models, Inc. ) were determined to meet Kentucky’s needs."
  3. "Both models predict employment by industry, output by business/industry, wage rates, gross domestic/regional product."

*Note: TransSight works with the REMI Policy Insight economic model; TREDIS works with the REMI Policy Insight economic model or with other regional economic models.

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