The Structure of the REMI - Model: The Structure of the REMI - Model


REMI Model Structure: REMI Model Structure


Slide3: 8. Commodity Access Index 10. Change in Local Supply (1) Output Block 1. Real Disposable Income 2. Consumption 3. International Exports 5. State and Local Government Spending 4. Investment 9. Intermediate Input Productivity 6. Output 7. Intermediate Inputs


Slide4: 8. Commodity Access Index 10. Change in Local Supply (1) Output Block 1. Real Disposable Income 2. Consumption 3. International Exports 5. State and Local Government Spending 4. Investment 9. Intermediate Input Productivity 6. Output 7. Intermediate Inputs


Slide5: 8. Actual Capital Stock 3. Occupation Employment 1. Labor Productivity 5. Labor Substitution Effect for Capital 9. Gap between Actual and Optimal Stock 11. Government Employment 7. Optimal Non-Residential Capital Stock 4. Labor Access Index by Occupation and Industry 6. Capital Intensity (2) Labor & Capital Demand 10. Optimal Residential Capital Stock 2. Industry Employment


Slide6: 8. Actual Capital Stock 3. Occupation Employment 1. Labor Productivity 5. Labor Substitution Effect for Capital 9. Gap between Actual and Optimal Stock 11. Government Employment 7. Optimal Non-Residential Capital Stock 4. Labor Access Index by Occupation and Industry 6. Capital Intensity (2) Labor & Capital Demand 10. Optimal Residential Capital Stock 2. Industry Employment


Slide7: (3) Population Labor Supply 1. Economic Migration 5. Participation Rate 4. The Employment to Potential Labor Force 3. Potential Labor Force 2. Population 6. Labor Force


Slide8: (3) Population Labor Supply 1. Economic Migration 5. Participation Rate 4. The Employment to Potential Labor Force 3. Potential Labor Force 2. Population 6. Labor Force


Slide9: 1. Employment Opportunity E/LF 8. Housing Price 10. Real Relative Wage Rate for Migrants 9. Consumer Prices Including Housing Price 7. Real Wage Rate 6. Consumer Prices 2. Wage Rate 3. Composite Wage Rate 4. Composite Input Costs 5. Production Costs (4) Wages, Prices & Costs


Slide10: 1. Employment Opportunity E/LF 8. Housing Price 10. Real Relative Wage Rate for Migrants 9. Consumer Prices Including Housing Price 7. Real Wage Rate 6. Consumer Prices 2. Wage Rate 3. Composite Wage Rate 4. Composite Input Costs 5. Production Costs (4) Wages, Prices & Costs


Slide11: (5) Market Shares 1. Share of Domestic Market 2. Share of International Exports and Imports Markets


Slide12: (5) Market Shares 1. Share of Domestic Market 2. Share of International Exports and Imports Markets


REMI Model Linkages (Excluding Economic Geography Linkages): REMI Model Linkages (Excluding Economic Geography Linkages)


REMI Model Structure: REMI Model Structure


ECONOMIC GEOGRAPHY LINKAGES: REMI Model Structure (2002 - ) Output Market Shares Labor & Capital Demand Population & Labor Supply Wages, Prices, & Costs ECONOMIC GEOGRAPHY LINKAGES


Economic Geography Linkages: Economic Geography Linkages