ABSTRACT
This entry addresses economic models that are useful when the issue of concern relates to state and local public policy decisions. A model can be used to aid policy makers in developing and evaluating alternative futures for the state or local economy. This entry is intended to provide public policy professionals with a better understanding of how economic models work and an appreciation of how such models can be used to improve public decision making. An overview is provided of some of the main functions of economic models when used to address some of the more common state and local government economic issues.
