| his research examined the impact of South Carolina's in-state preference policies on the economy of the state. To achieve this purpose, the research sought to answer the question: what are the impacts of implementing the in-state procurement preference policies on the economy of the state of South Carolina? The question was answered by using seven economic indicators: jobs, personal income, real disposable income, output (sales), Gross State Product (GSP), value added and state's population. The data related to the in-state preference policies were collected from the South Carolina Procurement Services Office. The data was then analyzed using the Regional Economic Model Policy Insight (REMI PI+) for economic-forecasting and policy-analysis.;The results revealed the existence of quantitative differences between the baseline, which represents the values of the economic indicators without implementing the preference policies, and the alternative forecast, which represents the values of the economic indicators when implementing the policies. Specifically, the results showed that implementing in-state preference policies presented economic benefits to the state and its communities in the form of additional jobs, income, GSP, value added, population and sales. From 2010 until 2017, the total economic impact of implementing preference policies generated... |
