Regional Economic Models

Regional Economic Models are tools used to analyze and predict how different areas of an economy—like cities or regions—will develop over time. They consider factors such as employment, income, industry growth, and how people and businesses move and interact within the region. By understanding these relationships, policymakers and planners can make informed decisions to promote balanced growth, improve infrastructure, and address economic challenges. Essentially, these models help us see the big picture of a region's economic health and guide strategic planning for sustainable development.