The REGIO model examines the structural change in specific sectors at the regional level: This allows comparisons and forecasting of changes in specific sectors within and between regions. Beyond that, upcoming structural changes can be identified with the aid of REGIO in advance.
The analysis is a shift-share analysis, meaning that it takes into account the effect of both, national and local factors on the industrial sector in the investigated region.
Integrating REGIO into GWS’ INFORGE model also allows forecasts to be made of future growth in selected sectors for particular regions. These forecasts take into account regional trends as well as specific features of the national economy.
Statistical data are sourced from state accounts and German Federal Employment Agency data. These allow modelling down to the district level. This type of analysis can often be performed for well over 30 industrial sectors (Classification of Economic Activities, Edition 2008 (WZ 2008)).
Research undertaken using REGIO allows regional decision-makers to respond to structural changes early and effectively, as its causes can unambiguously be identified. Analysis of this type has already been carried out for districts and for specific Chambers of Commerce.