Do you have both on the same computer? I have a dell laptop i7 core 16 gb memory 1TB hard drive 256 gb solid state drive. Would like to try Premiere Pro, but not sure if my computer can run the pro as well. I've been trying to use the track matte effect in Elements, but not really understanding it yet. Anyone have a video for that?
My laptop has similar specifications to your "laptop i7 core 16 gb memory 1TB hard drive 256 gb solid state drive". If there is room on your SSD you can run both Premiere Pro and Elements. You may be able to open and Elements project in Pro, but don't plan on it being perfect because Elements does some things differently and those things won't transfer. Elements will not open a Pro project.
There is a technique in the Creative Cloud app where lesser used programs can be installed on the larger "D" 1TB drive. They may run a little slower, but they will be very usable with 16GB of RAM.
Search YouTube for "track matte premiere elements". I found several videos.