Economic Impact of Downtown Miami

The REMI PI+ economic and demographic model was utilized to assist in accurately assessing the macroeconomic impact of the Downtown Miami area on the region and the state. Downtown Miami was found to generate over 305,000 jobs, $21 billion of personal income, and $28 billion in Gross State Product (GSP) for the State of Florida, while simultaneously supporting over 297,000 jobs and $20 billion in personal income for the Southern Florida region surrounding downtown.

REMI – The Economic Impact of Downtown Miami [full PDF]

Accelerating Southern California’s Economic Recovery

SCAG used the REMI TranSight model to analyze the results of fast forwarding California’s Regional Transportation Plan/Sustainable Communities Strategy by 5 years, shortening the end date and greatly increasing the immediate work load to be accomplished upon the plan’s commencement. This project acceleration would result in the creation of 102,143 jobs in construction (which is a necessary labor area for Southern California), enhanced employer/employee match and improved goods movement by way of infrastructure enhancement, the preservation of residents’ time and money, and construction cost savings by $1.25-$1.95 billion.

SCAG – Accelerating the RTP by 5-years [full PDF]

The Economic Impact of 9/11 on the New York City Region

REMI Policy Insight is a structural forecasting and policy analysis model that was utilized to conduct this comprehensive study that evaluated the economic impact of 9/11 on the air industry and the overall economy of New York and the surrounding region. REMI was able to recreate economic interactions on a regional basis and simulate the economic impact of the events of 9/11, quantifying the economic impacts using various economic indicators, including employment, gross regional product, output, real disposable personal income, labor productivity, and population. Not only did the city experience a loss of jobs due to the drops in demand for travel and the cut backs in consumer spending, business spending and capital investments, it also experienced job loss due to the relocation of businesses from New York City to the surrounding area and elsewhere in the country.

Regional Economic Models, Inc. – The Economic Impact of 9/11 on the New York City Region [full PDF]

The Massachusetts Economic Policy Analysis Model

This report outlines the capabilities and benefits of the Massachusetts Economic Policy Analysis model as well as how the model arrives at the outcomes that it does. The MEPA model was used to chart out all 25 sectors of the Massachusetts economy for the 1976 fiscal year and then forecast the economy’s growth out to 1980. The report also includes a sample examination of a policy that would require this type of simulation with detailed results and exactly how they were simulated.

University of Massachusetts Amherst – The Massachusetts Economic Policy Analysis Model [full PDF]

Using A Multi-Regional Forecasting and Simulation Model to Estimate the Effects of the Military Buildup From 1981-1985 on State Economies

The essentials of a multi-area forecasting and simulation model are displayed in this paper using the example of U.S. military buildup from the year 1981-1985. The REMI multi-regional model identified that this scale of military buildup had important differential effects on major regions’ and states’ economies during the five-year period of 1981-1985. Those differential effects are pivotal for being able to appropriately measure what economic and employment conditions to expect for the civilian and military populations of a given region.

REMI – Using a Multi-Regional Forecasting and Simulation Model to Estimate the Effects of Military Build-up from 1981-1985 on State Economies [full PDF]