The Potential Economic Impact of the National Broadband Plan on the New Mexico Exchange Carriers Group

The Arrowhead Center at New Mexico State University produced this report assessing the economic impact of proposed Federal Communications Commission rule changes on the New Mexico economy. The REMI PI+ model was used to model the approach to reduce Universal Service Fund revenue in the telecommunications sector by $34.5 million per year between 2012 and 2021, producing substantial estimated impacts. In 2012, the estimated impacts included the loss of 99 jobs in the telecommunications industry, 261 private sector jobs, a total employment loss of 335 jobs, $14.1 million less in New Mexico personal income, and a decrease in tax revenue of $978,000. Over the ten-year projection period, the estimated impacts were the loss of 805 jobs in the telecommunications industry, 2,400 private sector jobs, a total employment loss of 3,146 jobs, $200.3 million less in state personal income, and a decrease in tax revenue of $13.6 million.

New Mexico State University – The Potential Economic Impact of the National Broadband Plan on the New Mexico Exchange Carriers Group [full PDF]

Economic Impact on Delaware’s Economy: The Biopharmaceutical & Related Sectors

The Center for Applied Demography & Survey Research at the University of Delaware employed the REMI Policy Insight model to conduct this study measuring the economic impact of the biopharmaceutical and related sectors in Delaware during 2008. The REMI model was tailored to the state of Delaware using data from the Bureau of Census, the Bureau of Economic Analysis, the Bureau of Labor Statistics, and the Energy Information Administration among others. Analysts discovered that annual wages in this sector ($110,000) were significantly higher than in all other sectors in Delaware, aggregate sector wages approached $1.25 billion, an estimated $59.7 million in state personal income taxes were paid, and the biopharmaceutical sector’s share of Delaware’s jobs and wages was the sixth largest in the United States.

University of Delaware – Economic Impact on Delaware’s Economy: The Biopharmaceutical & Related Sectors [full PDF]

The Economic Impact of Private Practice Physicians’ Offices in Florida

This study utilized the REMI input-output model to estimate the economic impact of private practice physicians on Florida’s economy in terms of employment, real disposable personal income, total output, and government revenues generated by those physicians’ offices. The study also estimated the relative economic impact of physicians in key specialties within the practice of medicine and the economic impact of a physician shortage in Florida, provided background on characteristics of Florida’s current physician workforce, and illustrated the importance of considering “economic impact” in healthcare policymaking. Analysts were able to determine using the REMI model to project economic activity and social conditions that in 2009, Florida’s private physicians’ offices generated or supported approximately 451,500 jobs, $56 billion in total output, $22 billion in real disposable personal income, and $3 billion in government revenues. They also determined that in 2020, Florida’s private physicians’ offices would facilitate 650,000 jobs, over $41 billion in real disposable personal income, $93 billion in total output, and around $6 billion in government revenues.

Florida State University – The Economic Impact of Private Physicians’ Offices in Florida [full PDF]

Analysis of the Macroeconomic Impacts of the Proposed Zephyr Transmission Project

London Economics International, LLC. performed an analysis of the macroeconomic impacts of the proposed Zephyr Project by incorporating the dynamic input-output economic model developed by REMI. Between 2013 and 2020, this proposed Zephyr Project was forecasted to create 11,750 jobs or an average of 1,470 jobs per year while spending more than $140 million per year in the four states involved in this project. This spending will facilitate an additional 882 indirect and induced jobs each year.

London Economics – Zephyr Transmission Study [full PDF]

An Economic Analysis of a Lottery in Mississippi

Using the REMI model, the University Research Center at Mississippi Institutions of Higher Learning sought to analyze the economic impacts associated with the implementation of a lottery in the state of Mississippi. The study attempted to answer two central questions: 1) How much revenue would a lottery generate for the state of Mississippi? and 2) Is a lottery good economic policy? Two scenarios were incorporated into the analysis, one being an estimation of $338 million in Lottery Ticket Sales and the other an estimation of $500 million in Lottery Ticket Sales. Researchers detailed the economic costs and benefits of a lottery as well as the potential social impacts.

Mississippi Institutions of Higher Learning – An Economic Analysis of a Lottery in Mississippi [full PDF]