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The Remi Economic Models, Inc. forecasting and policy simulation model provides an efficient method for forecasting labor force participation rates in various states in the US. The model is composed of several region-specific variables and includes categories such as labor and capital demand, wages and prices and output. Statistical analysis reveals that the labor force exhibity dynamic response to changes in employment opportunities.

A hypothetical case involving electric utility deregulation in the state of New Jersey shows that electricity industry deregulation results to several positive effects. Study shows that electric utility deregulation helps in lowering commercial and industrial electric rates as the number of players in the electricity industry increases and competition becomes more intense. A 10% cut in electric rates in New Jersey has resulted to a decline of 4.6% in total fuel costs and increased state exports. Output and gross regional product, state employment, as well as goods and services demand also increased as a result of electric utility deregulation.