Contribution of Honda to the Economies of Seven States and the United States

The purpose of this study was to quantify the employment and economic contributions of Honda’s multi-line operations and associated retail operations for Honda and Acura products by the end of 2007. The first section of the study estimated the contribution of Honda’s U.S. operations and dealership partners to the economies of seven states and the United States for 2007 and the second section of the study presented an overview of Honda’s history in the United States. Honda’s economic contribution to the United States, individually and combined, was analyzed using REMI model 9.0 and the outcomes discovered were a total of 367,683 private sector jobs and $17 billion in annual wages and salaries. The ratio of total jobs created to direct employment equaled the employment multiplier of 2.5, which meant there were an additional 1.5 jobs in the U.S. economy for every one job at all Honda or associated retail operations. Estimated personal taxes resulting from Honda’s manufacturing and associated retail operations in 2007 was $3.2 billion.

Center for Automotive Research – Contribution of Honda to the Economies of Seven States and the United States [full PDF]

Energy Efficiency: Engine of Economic Growth: A Macroeconomic Modeling Assessment

This study utilized a REMI multi-state policy forecasting model to project macroeconomic impacts of expanded efficiency programs in comparison to a scenario in which no such programs exist. New England was separated into six states and each state’s efficiency programs were tested for electricity, natural gas, and “unregulated fuels”, using very conservative estimates of investment levels needed to capture all cost-effective efficiency. The modeled results of increased efficiency investments showed that efficiency provides significant economy-wide benefits in addition to direct participant savings.

Environment Northeast – Energy Efficiency: Engine of Economic Growth: A Macroeconomic Modeling Assesment [full PDF]

Greenhouse Gas Emission Reductions Modeling: ENERGY 2020 Model Inputs and Assumptions

ICF International was selected to assist the state and the Greenhouse Gas Emissions Reduction Task Force in updating the State of Hawaii’s inventory of greenhouse gas emissions and to develop and model alternative plans to achieve the State’s greenhouse gas reduction target. This report outlined the assumptions and data inputs used in developing the Reference Case that will be used as the basis for evaluating proposed policy changes. The REMI model was linked to the ENERGY 2020 model used for this study for U.S. regional and state level analyses and included inter-state/provincial, U.S. and world trade flows, price and investment dynamics, and simulated the real-time impact of energy and environmental concerns on the economy and vice versa.

ICF International – Greenhouse Gas Emissions Reduction Modeling: Energy 2020 Model Inputs and Assumptions [full PDF]

A Comparison of Three Economic Impact Models for Applied Hospitality and Tourism Research

The capacity utilization model (CUM), Regional Economic Models, Inc. (REMI), and the impact analysis for planning (IMPLAN) model were put to the test in order to acquire a fuller understanding of each model’s ability to accurately analyze various data sets pertaining to the hospitality and tourism sectors. Payroll was estimated by the CUM, disposable personal income was estimated by REMI, and value added was estimated by IMPLAN. The results of the study showed that REMI had the highest estimates, followed by IMPLAN and then CUM and what modeling factors and features played a role in the varied final outcomes.

Florida State University – A Comparison of Three Economic Impact Models [full PDF]

Economic Impact of Shopping Center Developments

The REMI Policy Insight model was contracted for use by the International Council of Shopping Centers to assess three American shopping center developments and their corresponding economies. REMI was asked to model the total economic impacts in three distinct regional economies associated with various levels of site investment and operational employment. The study identified the distinctions between the four types of shopping centers and the types of industries each shopping center would commonly rely on, as well as the regional distinctions that make each evaluated area so unique.

Regional Economic Models, Inc. – Economic Impacts of Shopping Center Developments [full PDF]