LEFM's features and capabilities
LEFM provides:
- a comprehensive database of economic, labour market and demographic data, consistent with regional and national totals
- a stand-alone model providing forecasts of local economic and labour market indicators linked explicitly to national and regional forecasts
- an efficient means of generating economic projections for the local economy
- a fully-causal, transparent modelling framework that enables results to be easily traced back to assumptions (see Figure 1)
- fully-specified links to regularly updated, authoritative forecasts at the national and regional level
- easy updating, allowing the user to store, build on and reassess previous analysis
- substantial sectoral detail, so that projections can be identified closely with major local developments (for more information click here)
- substantial labour market detail covering sectors, occupations and qualifications
- an explicit way to introduce local knowledge and views
- an ability to carry out impact studies (for more information click here)
- a tool for constructing and evaluating comprehensive development scenarios (for more information click here)
- easy transfer of results to other software for report writing and presentations
- simulation frameworks to consider the replacement demand for occupations, double-jobbing, commuting and the future skills and qualifications requirements of workers (for more information click here)
Purpose and Design
Using LEFM
Examples of projects
using LEFM
For further information, including prices, and to order the service,
email:
Mike May-Gillings
Manager, UK Local Economy Services
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