BEA ZoeAmbargisPresentation

Regional Input-Output Modeling System (RIMS II) : 

Regional Input-Output Modeling System (RIMS II) Zoë O. Ambargis Understanding Regional Economic Data for Policy and Planning Dallas, TX September 8, 2006

What is RIMS II? : 

2 What is RIMS II? Developed in the mid 1970’s Model incorporates the linkages among the industries in a regional economy Provides five types of input-output multipliers for any county or multi-county region The multipliers are useful, baseline, order-of-magnitude estimates commonly used to analyze the impacts of economic development projects

How Have RIMS II Multipliers Been Used? : 

3 How Have RIMS II Multipliers Been Used? Opening and closing military bases Tourist expenditures New energy facilities Construction of sports facilities New retail establishments New airports or port facilities Opening and closing manufacturing plants University expenditures

How Have RIMS II Multipliers Been Used? : 

4 How Have RIMS II Multipliers Been Used?

Who Uses RIMS II Multipliers? : 

5 Who Uses RIMS II Multipliers?

RIMS II Multipliers : 

6 RIMS II Multipliers

Questions to Ask : 

7 Questions to Ask What is being studied? What is the affected region? Is there more than one phase? How long will the project take? What are the affected industries? What is the final-demand change? How large is the final-demand change?

Example 1: Investment in New Construction : 

8 Example 1: Investment in New Construction Question: What is the total impact on a region of building a new sports facility? What is the final-demand change? $100 million investment in new construction What is the affected region? Dallas-Fort Worth-Arlington, TX MSA

Example 1: Total Impact of an Investment in New Construction : 

9 Example 1: Total Impact of an Investment in New Construction

Example 1: Total Output Impact of Investment in New Construction : 

10 Example 1: Total Output Impact of Investment in New Construction

Example 2: Sports Facility Operation : 

12 Example 2: Sports Facility Operation Question: What is the total impact on a region of sports facility operation?

Example 2: Total Impact of Sports Facility Operation : 

13 Example 2: Total Impact of Sports Facility Operation

Example 2: Total Earnings Impact of Sports Facility Operation : 

14 Example 2: Total Earnings Impact of Sports Facility Operation

Example 2: Total Employment Impact of Sports Facility Operation : 

15 Example 2: Total Employment Impact of Sports Facility Operation

Important Considerations : 

16 Important Considerations Multipliers are best suited for estimating the impacts of changes that are small relative to the size of the region’s economy Size of multiplier will vary from one industry to another and from one regional economy to another

Multiplier Comparisons by Region : 

17 Multiplier Comparisons by Region

http://www.bea.gov/bea/regional/rims/ : 

http://www.bea.gov/bea/regional/rims/

Coming Soon… Web-based Ordering and Delivery : 

19 Coming Soon… Web-based Ordering and Delivery

Contact Information : 

20 Contact Information RIMS II Staff Zoë Ambargis Rebecca Bess Hope Franklin Molly Weller Phone 202/ 606-5343 Fax 202/ 606-5321 E-mail RIMSREAD@bea.gov