Global Aging: Achieving Its Potential

Life expectancy is increasing in almost every country around the globe, from the least developed to the international leaders. With this expectancy increase understood, AARP enlisted the services of the REMI model to assess the macroeconomic possibilities inherently incorporated in a longer life expectancy. AARP wanted to see if we could tap into the socioeconomic potentials of an aging populus rather than allow our elderly to become a fiscal burden. Some solutions that were found to be possibly effective were more opportunities to engage in volunteer work and community service, informal caregiving, living arrangement innovation, and more recognition and reward for volunteer and caregiving activities.

AARP – Global Aging: Achieving Its Potential [full PDF]

The Economic Impact of Base Closure: Letterkenny Army Depot and Franklin County

Using the REMI model, an analysis of two distinct army base regions uncovered the truth about living conditions and the populations surrounding them. While unemployment numbers in these areas are respectable, the community/workforce has gotten increasingly older as wages slightly decreased overall as a result of streamlined high-level positions. An era of stagnation might be approaching these normally consistent work regions along with decreased readiness for unexpected economic shifts and losses.

Shippensburg University – Impact of Base Closure: Letterkenny Army Depot [full PDF]

Regional Economic Benefits of Environmental Management at the U.S. Department of Energy’s Major Nuclear Weapons Sites

A multi-regional economic simulation model built by REMI was selected in this 1998 study to determine the economic benefits of environmental management practices set to be implemented at major nuclear weapons sites. Researchers found that the site regions that most badly need environmental management investments due to their dependency on the investments themselves would lose more of that money to other regions. They also intended on finding ways to keep current employers in their current regions as local governments attempt to attract business to nuclear weapons site regions that would otherwise be concerned about the safety of the surrounding environment.

Rutgers University – Regional Economic Benefits of Environmental Management at the US Department of Energy’s Major Nuclear Weapons Sites [full PDF]

An Updated Economic Analysis of the Education Initiative (2014)

The structural input-output model developed by REMI was incorporated into a study on Nevada’s Education Initiative to try and address Nevada’s inconsistencies and failures that have led to the state’s poor educational statistics. The model was applied to the three proposed scenarios: “no-spending”, “gross-spending”, and “mixed-spending”. The main effects being sought after in this study as far as economics are concerned are jobs lost and gross domestic product, which are only marginally increased as a result of the new initiative unless all the money gathered from a margin tax is put towards hiring teachers.

Center for Business and Economic Research – Updated Economic Analysis of the Education Initiative [full PDF]

Economic and Employment Effects of Expanding Medicaid in Iowa

The purpose of this report is to offer a balanced and comprehensive view of the economic, employment, and budgetary effects of this decision of whether or not to expand Medicaid in Iowa. Researchers at George Washington University and REMI utilized a structural macroeconomic model to quantify the impact of the Affordable Care Act on the broader Iowa economy, with and without the Medicaid expansion. Analysts estimated the economic and employment impacts based on the level of new federal revenue generated by Medicaid expansion, which then showed that Medicaid expansion would reduce direct Medicaid costs to the state, and enable the state to draw down billions of dollars in additional federal funding that will support jobs and maintain the state’s healthcare infrastructure.

George Washington University, REMI – Economic and Employment Effects of Expanding Medicaid in Iowa [full PDF]