Socio-econometrics refers to advanced econometric models to calculate long-term effects of investment in social innovation (technology based or not).
The quantitative modelling of the social, environmental and economic return on investments (SEROI) in social innovation aims at supporting investors and decision makers by answering questions such as:
We answer these questions and put numbers on innovation benefit. Depending on what data is available and exactly what we need to analyse, we use tools such as:
The evaluation of expected effects is characterised per definition by uncertainty, therefore we review causality and conduct sensitivity analysis in the studies where this is appropriate.
We develop models and implement them in online tools to calculate the benefits in different scenarios. Examples of customers are SKL, OECD, PTS, MfD, SSNF, and Tillväxtanalys.