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]

An Economic Analysis of the Repeal of Selected Sales and Use Tax Exclusions, Exemptions, Deductions, and Credits: Bottled Water

Two 15-year scenarios were analyzed using the REMI Policy Insight 9.5 model in order to identify opportunities for cost savings and ways to modernize Florida’s tax policy so as to create a fairer economy while generating additional revenue. The first scenario assumed that all additional revenues gathered from sales tax were routed to the state government for general revenue appropriation purposes. The second scenario assumed that all additional revenues were allocated to the state government and appropriated for education purposes. The second scenario was found to be slightly more beneficial in every category for the state of Florida, with both scenarios boasting significant economic impact overall.

FSU – Bottled Water Sales Tax Exclusion [full PDF]

A Shift in Military Spending: To America’s Cities: What It Means to Four Cities and the Nation

This report analyzed the economic impact of transferring $30 billion of outlays per year over the 1986-1990 period from the Department of Defense budget to key urban programs. Chicago, IL, Trenton, NJ, Austin, TX, and Irvine, CA were chosen as test cities for the impact of this budget decision. Although each city did not see sharp increases as a result of their dependency on military employment and involvement in urban programs, all four of the studied cities gained in their capacity to provide critical goods and services to their citizens.

Employment-Research-Associates-A-Shift-in-Military-Spending-to-Americas-Cities-What-It-Means-to-Four-Cities-and-the-Nation-1988

Economic Impact Analysis of the Michigan Transportation Investment Packages

The primary focus of this report is to evaluate the economic impacts and implications arising from the transportation investment packages outlined in the Michigan Transportation Plan. The Michigan Department of Transportation used the REMI model to evaluate each investment package and compare it against the zero-investment baseline scenario at the statewide and regional levels. The report concluded that this transportation plan would improve travel inefficiencies, improve Michigan’s economic vitality, present positive returns of public investments, improve border crossing and aviation, and increase regional economic opportunity.

Wilbur Smith Associates – MDOT State Long-Range Transporation Plan 2005-2030: Economic Impact Analysis of the Michigan Transportation Investment Packages [full PDF]

What If Boeing Left Washington?

With the help of the Washington Research Council-REMI model, researchers used data to evaluate the fiscal impacts involved in the business migration of Boeing from the state of Washington. The research team discovered that The Boeing Company’s influence on their region and the entire state economically is too great for them to leave Washington and their corresponding contributions have no replacement ability. Retaining their substantive business will have a more positive impact than luring any new enterprise to this part of the country.

Washington Alliance for a Competitive Economy – What If Boeing Left Washington [full PDF]