The Local Economy Forecasting Model
Our Local Economy Forecasting Model supports in-house economic analysis, by anticipating and planning for what will happen in local economies. It draws on the experience of Cambridge Econometrics and the Warwick Institute for Employment Research (joint developers of LEFM) in sectoral and labour market analysis.
- it projects economic indicators for a local area by explaining the output of local industries and their links with the world beyond
- it differs from other models which typically link local output or employment (by sector) directly to national or regional output or employment
- it can explain local performance in relation to national or regional projections
For more information, please contact Shyamoli Patel.