C0068-19 - Alberta Policy Analysis Model

The department of Economic Development and Trade with the Government of Alberta supports economic development initiatives within the province of Alberta. Part of the work undertaken by the department is dynamic policy analysis to support decisions in the province. This analysis provides a point of reference for understanding the implication of decisions by the government or other actors in the economy.

The department currently utilizes various provincial level models to undertake economic analysis. However, the provincial models do not allow for consideration of the geographical impact within Alberta, nor for the impact of inter-regional trade flows within the province. The Policy Analysis Model would expand on available provincial data to provide regional and provincial scenario analysis to support economic analysis in the province.

The Project will provide a Policy Analysis Model at the regional level for the province of Alberta; and provide ongoing updates and supports to users of the Model. The Model must include a minimum of three sub-provincial regions: Edmonton, Calgary, and rest of Alberta; the Model shall also include a region for the rest of Canada. The Model shall assess the impact of policy decisions on Alberta, Canada, and each of the regions. Analysis from the Model will help to better understand impacts of policy decisions on Alberta and Canada as a whole as well as support future policy decisions.

The Policy Analysis Model supports provincial policies and programs by providing analysis of economic impacts due to government initiatives, as well as analysis of external changes to the Alberta economy. The results will support economic analysis as well as provide insight into the Alberta economy to identify opportunities for trade and investment growth.