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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?. Developed in the mid 1970’s Model incorporates the linkages among the industries in a regional economy

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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
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
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
questions to ask
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
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 2 sports facility operation
Example 2: Sports Facility Operation
  • Question: What is the total impact on a region of sports facility operation?
important considerations
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
contact information
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