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ERIC Number: ED445254
Record Type: Non-Journal
Publication Date: 2000
Pages: 46
Abstractor: N/A
Reference Count: N/A
ISBN: ISBN-0-87397-616-9
ISSN: N/A
Labour Market Models and Their Use in Projecting Vocational Education and Training Requirements.
Burns, Mike; Shanahan, Martin
This report focuses on use of large-scale economy-wide models in Australia for occupational forecasting and their use in the vocational education and training (VET) sector for making decisions about training profiles across occupational areas. Section 2 reviews objectives of VET policy as defined in the legislation and Australian National Training Authority annual reports. Section 3 provides a non-technical overview of international perspectives on the role of occupational forecasting in VET planning and identifies informational requirements of VET planning. Section 4 reports the views and practices of personnel in the VET sector relating to use of labor market projections. Section 5 discusses economic modeling, including the: nature of economic models, constructions of models, different types of economic models, model uses and limitations, and implications of VET requirements for model design and structure. Section 6 describes development of major economic models; reviews research of comparative model evaluation; describes major recent developments in the Monash and Murphy modeling capability; examines the National Institute of Economic and Industry Research model, modern multi-country general equilibrium models, and the latest modeling methodologies used for occupational forecasting overseas; and examines strengths and weaknesses of these approaches; and analyzes how they are used in the VET sector. (Contains 80 references.) (YLB)
National Centre for Vocational Education Research, 252 Kensington Road, Leabrook, South Australia 5068, Australia; Tel: 08 8333 8400, Fax: 08 8331 9211, E-mail: vet_req@ncver.edu.au; Web site: http://www.ncver.edu.au ($26.95 Australian).
Publication Type: Opinion Papers; Reports - Evaluative
Education Level: N/A
Audience: N/A
Language: English
Sponsor: Australian National Training Authority, Melbourne.
Authoring Institution: National Centre for Vocational Education Research, Leabrook (Australia).
Identifiers - Location: Australia