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NCSL Legislative Video Resource Center

The NCSL Video Resource Center is a collection of recorded webinars accessible for on-demand learning.

When Models Meet Reality: The Limits of Economic Modeling Tools

Nov. 5, 2025

Economic modeling tools such as REMI and IMPLAN are widely used to evaluate state tax incentives, but what happens when the theoretical assumptions built into these models meet real-world complexity? In this webinar, panelists and attendees will explore the limitations of economic modeling tools and discuss how evaluators can produce realistic, policy-relevant reports for legislators. Join us for a candid conversation on how evaluators can bridge the gap between economic models and reality.

  • Jim Landers, professional practice associate professor, Enarson Chair, the Ohio State University
  • Randhir Jha, chief economist, Indiana Legislative Services Agency
  • Jason Jolley, professor, MPA director and interim associate vice president for Research and Creative Activity, Ohio University