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:
- *"A total of 13 economic software packages were examined as potential applications in meeting KyTC business needs."
- "The models from TREDIS (Economic Development Research Group, Inc.) and TransSight (Regional Economic Models, Inc. ) were determined to meet Kentucky’s needs."
- "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.
