The document discusses three cutting edge economic techniques for assessing regional innovations: input-output analysis, counterfactual analysis, and records linkages. Input-output analysis uses tables to organize data on production and consumption across industries and calculate economic multipliers. Counterfactual analysis uses models to examine hypothetical scenarios and their implications. Records linkages match youth and unemployment data to study employment outcomes over time while preserving confidentiality.

1. Cutting Edge Economic Techniques for Assessing Regional Innovations Rose M. Baker David L. Passmore

2. Penn State Workforce Education & Development Initiative Rose Baker David Passmore Program Manager Workforce Assessment Center & Assistant Professor of Education Professor & Director Penn State Institute for Research in Training & Development

3. Symposium presentation web site http://innovationeval.notlong.com

4. Reports are available Through links on web site: • Two Economic & Workforce Brief reports. • Electricity rate cap study. • Gas royalty impact study. • Links to reports about records linkage processes.

5. Three assessment techniques

6. < Input–Output Analysis > • Economic & Workforce Brief Series •

7. The economy is like a ball of string < complex > < intertwined > < large > < unexpected >

8. Way to organize data < input-output tables > Summarize production & consumption.

9. producer/purchaser data… ind 1 ind 2 ind 3 ind 4 ind 1 ind 2 ind 3 ind 4 final demand total output producers purchasers

10. Producing & purchasing multiplies… ind 1 ind 2 ind 3 ind 4 ind 1 ind 2 ind 3 ind 4 final demand total output

16. Two types of multipliers Type 1 = Type 2 =

17. Two examples of input-output analysis Economic & Workforce Brief Series

18. < Counterfactual Analysis > • Electricity Rate Caps • • Gas Royalties •

20. REMI Policy Insight Model

21. Counterfactual analysis method

22. Two examples of counterfactual analysis

29. Counterfactual findings of impact of gas royalty income

30. < Records Linkages > • Youth in Transition •

31. How do we follow youth in transition from school to work?

37. Cutting Edge Economic Techniques for Assessing Regional Innovations Rose M. Baker David L. Passmore