Economic Impact of State Parks, Forests, and Natural Resources under the Management of Department of Environmental Protection

The REMI model was utilized in this study to assess the total impacts and fiscal implications as well as the direct and indirect impacts on state government revenues induced by activity at the state forests and parks managed by the Department of Environmental Protection. The department’s activities were found to generate 8,800 jobs that in the absence of department-managed parks, forests, and activities would be reduced to 6,700 jobs in 2020 as personnel found alternative employment. Researchers also uncovered that the department also manifested $343 million in personal income set to grow to $595 million in 2020, $253 million in personal disposable income that would increase to $471 million by 2020, and a net present value in state revenues over expenditures of $30 million in constant dollars. General tourism activities at the department’s venues were discovered to create an estimated $544 million from various licenses and permits, angling, hunting, boating, and skiing in 2010.

Connecticut Center for Economic Analyses – Economic Impact of State Parks, Forests and Natural Resources under the Management of Department of Environmental Protection [full PDF]

The Economics of a Successful Raccoon Rabies Elimination Program on Long Island, New York

A benefit-cost analysis was performed to determine the cost-effectiveness of an aggressive oral rabies vaccination program that was initiated in Long Island, New York and the analysis used the REMI model to estimate the macroeconomic impacts of raccoon rabies elimination to New York State. The $3 million cost of the program was recovered within eight years by reducing costs associated with post-exposure prophylaxis and veterinary diagnostic testing of rabies suspect animals. For every dollar spent on the program, $2.39 was saved and modeling estimations had employment growth of over 100 jobs and a gross domestic product increase of $9.2 million through 2019. This was the first estimation of the broader implications of rabies to the overall economy.

United States Department of Agriculture – The Economics of a Successful Raccoon Rabies Elimination Program on Long Island, NY [full PDF]

Economic Impact Analysis of the Low-Carbon Fuel Standard Rule for the State of Oregon

This economic analysis of potential Low Carbon Fuel Standards in Oregon was focused on the development and evaluation of potential impacts from a wide range of fuels that could be used in the future to comply with the low carbon fuel standards. The purpose of the standards was to reduce the carbon intensity of transportation fuel used from motor vehicle use in the state and those standards would be accomplished by altering the fuel supply mix from mainly petroleum products to a mix still dominated by petroleum products, but containing a greater portion of lower carbon alternatives such as ethanol, biodiesel, natural gas, and electricity. The report and analysis focused on eight scenarios with different fuel usages and each scenario modeled separate analysis for light duty and heavy duty vehicles. The corresponding modeling was attempting to understand how the demand for transportation fuel was impacted by vehicle technology changes, driving patterns, and fuel choices.

Jack Faucett Associates, Inc. – Economic Impact Analysis of the Low-Carbon Fuel Standard Rule for the State of Oregon [full PDF]

California’s Innovation-Based Economy: Policies to Maintain and Enhance It

The results of a REMI simulation model on the 10-year (2015-2024) span after the implementation of a new $200 million Research & Development credit display an increase in GDP of $7.7 billion and $10.5 billion compared to the California economy without the credit. Overall personal income for Californians would increase by a total of between $7.3 and $10.2 billion by Year 10. As far as the industries most impacted, professional, technical, and scientific services receives the largest residual influx of between $4.2 and $6.2 billion with the manufacturing, real estate, construction, and finance sectors considerably behind technology. California should take bold steps to maintain and enhance its capacity for innovation and the conversion of it into commercial applications, thereby allowing firms to create high-quality jobs in the state and benefitting from the large multiplier effects associated with them.

Milken Institute – California’s Innovation-Based Economy [full PDF]

Linking the MARKAL and REMI PI+ Models

This report outlines the benefits of combining the MARKAL model and the REMI PI+ model to examine the interactions between the energy sector and the wider economy. The REMI and MARKAL models can be integrated both ways, with REMI providing economic and demographic parameters for the MARKAL reference scenario or MARKAL simulating specific energy/environmental policies and generating output variables to be used in REMI. Together, MARKAL and REMI can identify economic, environmental, and technological impacts of projects, as well as identify the most effective policy options excelling in those same stated sectors.

Regional Economic Models, Inc. – MARKAL White Paper [full PDF]