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

Author

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  • 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
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    3. 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.
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    7. 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.
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    12. 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.
    13. 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.
    14. 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.
    15. 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.
    16. 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.
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    More about this item

    JEL classification:

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

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