IDEAS home Printed from https://ideas.repec.org/p/bea/wpaper/0081.html
   My bibliography  Save this paper

Input-Output Models for Impact Analysis:Suggestions for Practitioners Using RIMS II Multipliers

Author

Listed:
  • Rebecca Bess
  • Zoë O. Ambargis

    (Bureau of Economic Analysis)

Abstract

Input-output models, when applied correctly, can be powerful tools for estimating the economy-wide effects of an initial change in economic activity. To effectively use these models, analysts must collect detailed information about the project or program under study. Analysts also need to be aware of the assumptions and limitations of these models. In this paper, we will focus on these assumptions and on the information that is required to use regional input-output multipliers correctly. We focus specifically on multipliers generated by the Regional Input-Output Modeling System (RIMS II) developed by the Bureau of Economic Analysis.

Suggested Citation

  • Rebecca Bess & Zoë O. Ambargis, 2011. "Input-Output Models for Impact Analysis:Suggestions for Practitioners Using RIMS II Multipliers," BEA Working Papers 0081, Bureau of Economic Analysis.
    • Handle: RePEc:bea:wpaper:0081
    as

    Download full text from publisher

    File URL: https://www.bea.gov/system/files/papers/WP2012-3.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Charles M. Tiebout, 1956. "A Pure Theory of Local Expenditures," Journal of Political Economy, University of Chicago Press, vol. 64(5), pages 416-416.
    2. ten Raa,Thijs, 2006. "The Economics of Input-Output Analysis," Cambridge Books, Cambridge University Press, number 9780521602679, November.
    3. Robert E. Hall, 2009. "By How Much Does GDP Rise If the Government Buys More Output?," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 40(2 (Fall)), pages 183-249.
    4. Richard M. Beemiller, 1990. "Improving Accuracy by Combining Primary Data with RIMS: Comment on Bourque," International Regional Science Review, , vol. 13(1-2), pages 99-101, April.
    5. Hughes, David W., 2003. "Policy Uses of Economic Multiplier and Impact Analysis," Choices: The Magazine of Food, Farm, and Resource Issues, Agricultural and Applied Economics Association, vol. 18(2), pages 1-6.
    6. Siegfried, John J. & Sanderson, Allen R. & McHenry, Peter, 2007. "The economic impact of colleges and universities," Economics of Education Review, Elsevier, vol. 26(5), pages 546-558, October.
    7. Grady, Patrick & Muller, R. Andrew, 1986. "On The Use and Misuse of Input-Output Based Impact Analysis in Evaluation," MPRA Paper 22063, University Library of Munich, Germany.
    8. Cletus C. Coughlin & Thomas B. Mandelbaum, 1991. "A consumer's guide to regional economic multipliers," Review, Federal Reserve Bank of St. Louis, issue Jan, pages 19-32.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Nepal, Sakar & McConnell, T. Eric & Barefield, Alan & Grala, Robert, 2023. "Mississippi USA'S timber severance tax apportionments and their economic contributions," Forest Policy and Economics, Elsevier, vol. 157(C).
    2. repec:ags:aaea22:335677 is not listed on IDEAS
    3. McCarthy, Patrick & Zhai, Zhe, 2019. "Economic impact analysis of GDOT short line railroad infrastructure investment in Georgia," Research in Transportation Economics, Elsevier, vol. 77(C).
    4. Randolph Beard, T. & Ford, George S. & Kim, Hyeongwoo, 2014. "Capital investment and employment in the information sector," Telecommunications Policy, Elsevier, vol. 38(4), pages 371-382.
    5. Lampiris, Georgios & Karelakis, Christos & Loizou, Efstratios, 2018. "Evaluation of the impacts of CAP policy measures on a local economy: The case of a Greek region," Land Use Policy, Elsevier, vol. 77(C), pages 745-751.
    6. Randall Jackson & Amir B. Ferreira Neto & Elham Erfanian, 2016. "Woody Biomass Processing: Potential Economic Impacts on Rural Regions," Working Papers Working Paper 2016-04-v3, Regional Research Institute, West Virginia University.
    7. Loomis, John J. & Knaus, Michael & Dziedzic, Maurício, 2019. "Integrated quantification of forest total economic value," Land Use Policy, Elsevier, vol. 84(C), pages 335-346.
    8. Ezzahid, Elhadj & Chatri, Abdellatif, 2015. "Imports contents, value added generation and structural change in morocco: input output analysis," MPRA Paper 63512, University Library of Munich, Germany.
    9. Galina Williams, 2016. "Economic Impacts from Development of the Coastal Town in Queensland on Tourism and Regional Economy," Resources, MDPI, vol. 5(4), pages 1-16, December.
    10. Chung, Chongwook & Lee, Jungwoo & Yang, Jae-Suk, 2022. "National offshore wind strategy for late-mover countries," Renewable Energy, Elsevier, vol. 192(C), pages 472-484.
    11. Rini Novrianti Sutardjo Tui & Tsuyoshi Adachi, 2021. "An input - output approach in analyzing Indonesia’s mineral export policy," Mineral Economics, Springer;Raw Materials Group (RMG);Luleå University of Technology, vol. 34(1), pages 105-112, April.
    12. Charles Doktycz & Mark Abkowitz, 2019. "Loss and Damage Estimation for Extreme Weather Events: State of the Practice," Sustainability, MDPI, vol. 11(15), pages 1-13, August.
    13. Torre Cepeda Leonardo E. & Alvarado Jorge & Quiroga Miroslava, 2017. "The Regional Input-Output Model: An Application to the Mexican Automotive Sector," Working Papers 2017-12, Banco de México.
    14. Animesh Gain & Vahid Mojtahed & Claudio Biscaro & Stefano Balbi & Carlo Giupponi, 2015. "An integrated approach of flood risk assessment in the eastern part of Dhaka City," Natural Hazards: Journal of the International Society for the Prevention and Mitigation of Natural Hazards, Springer;International Society for the Prevention and Mitigation of Natural Hazards, vol. 79(3), pages 1499-1530, December.
    15. Chiquiar Daniel & Alvarado Jorge & Quiroga Miroslava & Torre Cepeda Leonardo E., 2017. "Regional Input-Output Matrices, an Application to Manufacturing Exports in Mexico," Working Papers 2017-09, Banco de México.
    16. Christelle Khalaf & G. Jason Jolley & Candi Clouse, 2022. "The Economic Impact of Small Colleges on Local Economies: A Guide to Attainable Data and Best Practices," Economic Development Quarterly, , vol. 36(1), pages 17-32, February.
    17. Andrés Artal-Tur & José Miguel Navarro-Azorín & José María Ramos-Parreño, 2020. "Measuring the economic contribution of tourism to destinations within an input-output framework: some methodological issues," Portuguese Economic Journal, Springer;Instituto Superior de Economia e Gestao, vol. 19(3), pages 243-265, September.
    18. Huang, Wei & Corbett, James J. & Jin, Di, 2015. "Regional economic and environmental analysis as a decision support for marine spatial planning in Xiamen," Marine Policy, Elsevier, vol. 51(C), pages 555-562.
    19. A. O. Baranov & K. S. Krashenina, 2016. "Study of the multiplier effect of increasing public spending on Russia’s economy," Studies on Russian Economic Development, Springer, vol. 27(5), pages 518-527, September.
    20. Independent Evaluation Group, 2016. "Industry Competitiveness and Jobs," World Bank Publications - Books, The World Bank Group, number 25294.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. M. Muchdie & H. Kurniawan, 2018. "Import Components and Import Multipliers in Australian Economy: World Input-Output Analysis," International Journal of Economics and Financial Issues, Econjournals, vol. 8(2), pages 304-314.
    2. Lazarov, Darko & Kocovski, Mitko, 2016. "Empirical Estimation Of The Multiplicative Effects Of Steel Industry In Macedonia By Using Input-Output Model," UTMS Journal of Economics, University of Tourism and Management, Skopje, Macedonia, vol. 7(1), pages 25-35.
    3. Miller, Cristina & Pender, John & Hertz, Thomas, 2017. "Employment Spillover Effects of Rural Inpatient Healthcare Facilities," Economic Research Report 266290, United States Department of Agriculture, Economic Research Service.
    4. Mark Partridge & M. Rose Olfert & Alessandro Alasia, 2007. "Canadian cities as regional engines of growth: agglomeration and amenities," Canadian Journal of Economics, Canadian Economics Association, vol. 40(1), pages 39-68, February.
    5. Salih Ozgur SARICA, 2014. "Regional Economic Growth. Socio-Economic Disparities among Counties," Journal of Economic Development, Environment and People, Alliance of Central-Eastern European Universities, vol. 3(4), pages 25-36, December.
    6. Mehrdad Vahabi, 2020. "Introduction: a symposium on the predatory state," Public Choice, Springer, vol. 182(3), pages 233-242, March.
    7. Adriaan R. Soetevent, 2006. "Empirics of the Identification of Social Interactions; An Evaluation of the Approaches and Their Results," Journal of Economic Surveys, Wiley Blackwell, vol. 20(2), pages 193-228, April.
    8. Gabriel Chodorow-Reich, 2019. "Geographic Cross-Sectional Fiscal Spending Multipliers: What Have We Learned?," American Economic Journal: Economic Policy, American Economic Association, vol. 11(2), pages 1-34, May.
    9. Chin Lim, 2003. "Public Good Contributions Between Communities," Journal of Public Economic Theory, Association for Public Economic Theory, vol. 5(3), pages 541-548, July.
    10. Simon P. Anderson & Stephen Coate, 2000. "Market Provision of Public Goods: The Case of Broadcasting," NBER Working Papers 7513, National Bureau of Economic Research, Inc.
    11. Koichi Fukumura & Atsushi Yamagishi, 2020. "Minimum wage competition," International Tax and Public Finance, Springer;International Institute of Public Finance, vol. 27(6), pages 1557-1581, December.
    12. Septimiu-Rares SZABO, 2017. "The Empirical Relationship Between Fiscal Decentralization And Economic Growth: A Review Of Variables, Models And Results," Management Research and Practice, Research Centre in Public Administration and Public Services, Bucharest, Romania, vol. 9(2), pages 47-66, June.
    13. Michel Cyrille Samba & Seabrook Arthur Mveng, 2023. "Substitution Between Private and Government Consumption in a Currency Area: The Case of the CFA Franc Zone," Public Finance Review, , vol. 51(3), pages 432-450, May.
    14. Kessing, Sebastian G. & Konrad, Kai A. & Kotsogiannis, Christos, 2006. "Federal tax autonomy and the limits of cooperation," Journal of Urban Economics, Elsevier, vol. 59(2), pages 317-329, March.
    15. Gibbons, Stephen & Silva, Olmo & Weinhardt, Felix, 2017. "Neighbourhood Turnover and Teenage Attainment," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 15(4), pages 746-783.
    16. Dwight Lee, 1985. "Reverse revenue sharing: A modest proposal," Public Choice, Springer, vol. 45(3), pages 279-289, January.
    17. Dong, Zhiqiang & Zhang, Yongjing, 2016. "Accumulated social capital, institutional quality, and economic performance: Evidence from China," Economic Systems, Elsevier, vol. 40(2), pages 206-219.
    18. Brautzsch, Hans-Ulrich & Günther, Jutta & Loose, Brigitte & Ludwig, Udo & Nulsch, Nicole, 2015. "Can R&D subsidies counteract the economic crisis? – Macroeconomic effects in Germany," Research Policy, Elsevier, vol. 44(3), pages 623-633.
    19. Yingyi Qian & Barry R. Weingast, 1997. "Federalism as a Commitment to Reserving Market Incentives," Journal of Economic Perspectives, American Economic Association, vol. 11(4), pages 83-92, Fall.
    20. Bayer, Patrick & McMillan, Robert, 2012. "Tiebout sorting and neighborhood stratification," Journal of Public Economics, Elsevier, vol. 96(11), pages 1129-1143.

    More about this item

    JEL classification:

    • E6 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bea:wpaper:0081. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Andrea Batch (email available below). General contact details of provider: https://edirc.repec.org/data/beagvus.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.