In this joint report between the Andrew Young School’s Center for State and Local Finance and Fiscal Research Center at Georgia State University, analysts compared modeling softwares, techniques, and uses for assessing tax policy changes. The study detailed the pros and cons of input-output models, computable general equilibrium models, and blended models like the REMI model in terms of attempting to predict how various policy or economic changes might affect the regional or national economy. Case studies of state-specific dynamic revenue modeling then further illustrated reasons and situations that would determine the application of one model over another and the relative success each had in achieving comprehension of tax policy changes.
