LM-EM enables users to design economic and education policy scenarios,
quantify their impact, and project future trends in economic indicators and the
demand for and supply of occupations and educational qualifications.
The model links the ADRS
multi-sector Macro-Economic Model of South Africa (MEMSA) to models of
supply and demand for occupations and educational qualifications.
LM-EM produces forecasts in six principle categories: macroeconomic and industry
indicators, employment at sector and SETA levels, demand/supply of educational
qualifications, demand for occupations, skills (im)balances by educational
qualifications, and (im)balances in the labour market.