In October, 2008 Rose Baker and David Passmore of the Penn State Institute for Research in Training & Development presented “Benchmarking Impacts” at the Annual Users Conference in Santa Fe, New Mexico. The Conference was sponsored by Regional Economic Models, Inc. (REMI).
The presentation addressed the outcomes of policy impact simulation and how they are valued. Questions that were posed included:
• How large must an impact be to have importance for policy?
• Many studies report what seem to be small impacts. But, what is “small”?
• How small is too small to have meaning for policy?
• What