With the Affordable Care Act likely to remain largely intact for the foreseeable future, state policy makers are reconsidering their options under former President Obama’s signature law.Among the issues policy makers are revisiting is the question of whether or not to expand Medicaid. Under the ACA, states can extend health care insurance through an expansion of […]
Tax reform is always hotly contested, as overhauling the tax code involves many moving parts and impacts many interest groups. The current debate over “destination-based” taxation is a prime example of how complicated tax reform can be.
The missing worker has been a persistent mystery shadowing the economic recovery – evidence of labor market hysteresis induced by the Great Recession.
Two analysts – Leighton Ku of George Washington University and Donald Grimes of University of Michigan – have recently published findings that offer different perspectives on the Affordable Care Act repeal using the REMI model.
While state fiscal health has improved since the end of the Great Recession, many states only expect modest growth in revenue. Policy makers in state capitals across the country will continue to look for more efficient ways of collecting taxes.
While angry arguments and raucous rallies often drown out substantive issues, serious economic questions are at stake in this election. The subtext throughout this campaign season is economic growth and income inequality.
When the economy is in the doldrums, the government has a few options in its tool box. One strategy is “priming the pump” by injecting the economy with government stimulus, paid for with borrowed money.
When it comes to infrastructure, Americans have a daunting “to-do” list. The U.S. must spend an estimated $3.6 trillion by 2020 to ensure our highways, water mains, electrical grids, and other critical infrastructure continue to meet our needs, according to a report by the American Society for Civil Engineers.
Often you hear the lament that Americans no longer make anything, and jobs that once paid well have moved overseas. We yearn for the past glory of U.S. industry, and look to politicians who promise to “bring back” those jobs.
Many middle class voters fear they’re falling behind in today’s economy, and both Donald Trump and Hillary Clinton are trying to make the case they have the right answers to these concerns.
International trade brings benefits and imposes costs to different regions within the U.S., and trade will no doubt remain a hot topic in this political season.
With the debate over environmental regulations raging, it’s important to seek out research-based analysis on the economic implications of different approaches.
Our guests and staff members enjoyed a successful 2016 Annual Users’ Conference in New Orleans. As is tradition, we voted on the location for next year’s Users’ Conference, and we chose Charleston, South Carolina! Our three-day event in the Big Easy was the second-most attended of any Users’ Conference in its 31-year history. The gathering […]
The Eastern States Exposition released today the results of a study conducted by REMI on the economic impact of its annual multi-state fair and its associated year-round events. The overall impact of the events comes out to $479 million per year, with an annual gross regional impact of $299 million, and accounts for 3,000 jobs […]
Associate Economist Parker Bedsole recently spoke at a Charlotte Economics Club luncheon on the economic outlook for Mecklenburg County. Mr. Bedsole indicated that the county’s overall economic future through 2040 is promising, calling the county a “growth region” which has historically “substantially outpaced the national economy in many metrics.” For more details, please click here.
REMI recently formed a task force in conjunction with Spectrum Gaming Group for the purpose of aiding governmental agencies in assessing the potential economic impacts of opening new markets up to casino development. This task force will also include other professionals, such as noted gaming economist Douglas Walker, Ph.D.. For additional details, you may read […]
REMI recently published the first installment of its quarterly newsletter. This publication showcases recent major news involving REMI as well as upcoming development and a focus on a different product in each installment. The newsletter is available here in PDF format.
The Center for Automotive Research has released a new research memorandum using the REMI model on the successful restructuring of General Motors. This study follows up from prior memorandums released in 2009 and 2010 which examined the impacts of the then-pending GM and Chrysler bankruptcies on the national economy.
A recent report by George Washington University and REMI has found that expanding Medicaid in Maryland could save the state more than $2 billion between 2014 and 2020. These savings would come in the form of direct savings to medicaid, new state revenues, and reduced spending on other health care programs. Maryland isn’t the only […]
The official White House Blog, in a discussion of Ohio’s recent vote to expand Medicaid, cited REMI’s joint study with Ohio State University, Urban Institute and the Health Policy Institute of Ohio. You can read the post here and read the study itself here.
Nevada’s official demographer was able to project population growth in the state using REMI’s model. Nevada State Demographer’s Office released a report on Oct. 1 showing statewide and county-by-county population estimates from 2013 to 2032. The statewide population is expected to grow by 18 percent between this year and 2032, according to the demographer office’s […]
REMI analysis has recently been quite newsworthy. Some recent examples of this include: Big River Steel in Arkansas REMI provided analysis to lawmakers for the evaluation of the proposed Big River Steel mill in northeast Arkansas. Cheating the Future: the Price for Not Fixing Entitlements Original analysis by Third Way and Regional Economic Models, Inc. […]
It is our sad duty to report the passing of REMI’s founder, Dr. George I. Treyz, at his home on February 14, 2013. George was born Feb. 21, 1936, in Callicoon, N.Y. He received his undergraduate degree from Princeton University and received a doctorate in economics from Cornell University. George showed his entrepreneurial spirit at […]
A number of recent studies used REMI’s analysis of the impacts of Medicaid expansion under the Affordable Care Act. Please feel free to use the following links to read more: Governors Fall Away in G.O.P. Opposition to More Medicaid – The New York Times Study backs expanding Medicaid in Ohio – The Columbus Dispatch Ohio’s […]
REMI (Regional Economic Models, Inc.) releases the potential state-level economic impact of the “fiscal cliff,” available online here. If not resolved, the fiscal cliff could result in a loss 4.0 to 4.2 million jobs nationwide, a reduction of 350 to 400 billion dollars in gross domestic product (GDP), and an increase in the unemployment rate […]
The USC Price School of Public Policy’s Noah Dormady, Adam Rose and Dan Wei received the first Outstanding Economic Analysis Award in recognition of their paper, “Regional macroeconomic assessment of the Pennsylvania Climate Action Plan,” published in the November 2011 issue of the journal, Regional Science: Policy and Practice. Read more about the award and […]
REMI conducted a study for the Democratic Policy and Communications Center estimating the economic impacts of S. 2237, the “Small Business Jobs and Tax Relief Act”. The study concludes that the bill could create about 990,592 jobs nationally, where 631,132 of those jobs would be within small businesses. The study includes total national employment results […]
A recent study by the University of Massachusetts Donahue Institute on the economic impact of federal budget cuts, using the REMI model, served as a common reference for both sides of the aisle. Read more about the study here.
Senior Data Analyst, Michael Chow, at the National Federation for Independent Business uses REMI to evaluate the economic impact of Massachusetts paid sick day legislation. Study findings report that proposed legislation could cost the state 16,000 jobs by 2016 and could decrease production by more than $8.4 billion.
Hurricane Irene will most likely prove to be one of the 10 costliest catastrophes in the nation’s history, and analysts said that much of the damage might not be covered by insurance because it was caused not by winds but by flooding, which is excluded from many standard policies.
If Congress doesn’t act to extend the expiring payroll-tax break before year’s end, the lapse won’t just affect the 160 million workers taking home a skinnier paycheck. Families trying to pinch pennies could cause a slight drop in spending, which would in turn take a bite out of businesses tied most closely to consumers’ purchases, economists predicted.
A severance tax on natural gas extraction in Pennsylvania would add to the operating costs of gas drilling companies, but the resulting increase in state revenue would yield positive results for the state’s economy and population, according to a new report by two researchers at Penn State.
A new study being released today on the marketing and communications industry in Massachusetts estimates that the sector contributes $38.7 billion to the state’s economy and generates 143,000 jobs.
REMI extends congratulations to Dr. Krugman for winning the Nobel Prize in Economics for his work in New Trade Theory and New Economic Geography. Link to NYTIMES Article Official Press Release From Nobel Website
Here are just a few news articles of the work done by REMI clients using our models.
The CAR examines the outlook of the U.S. economy if the big 3 American Automakers were to fail. CAR Research Memorandum: The Impact on the U.S. Economy of a Major Contraction of the Detroit Three Automakers
ICF International analyzes some of the options the federal government might consider as it decides how to resuscitate the economy. A Smarter Stimulus Plan (.pdf)
Read the most recent update to the REMI blog. Blog Entry: REMI on the Go
Chief economist at the Connecticut Department of Economic and Community Development, Stanley McMillen, uses REMI to determine UConn’s impact on the state’s economy. Study pegs UConn’s impact on state economy at $2.3 billion
The National Federation of Independent Business (NFIB) has published a study concluding that a certain employer health care mandate would lead to a net loss of 73,000 New York jobs over the next five years. More than three-fourths of those losses would come from small businesses. Lobbyists lash out against health care taxes NFIB Small […]
With the recent release of PI+, the next generation of Policy Insight, REMI is pleased to offer a demonstration version free of charge. The demo software is available through the REMI website as well as through demo discs available upon request. Download the PI+ demo Contact us to request a demo disc
The World Health Organization (WHO) raised the influenza pandemic alert for influenza A (H1N1, commonly called “swine flu”) from phase 4 to 5 as of April 29, 2009. Fortunately, WHO claims that the world is now better prepared for a flu outbreak because of measures taken in response to the threat from avian influenza (H5N1.) […]
This study examines the detrimental effects of Automaker Bankruptcies on the U.S. Economy. Click here to read the study.
This study examines the dramatic effects of Automaker Bankruptcies on the Indiana unemployment rates.
The leaders of the research teams involved in the study are affiliated with the Federal Reserve Bank of New York, Regional Economic Models Inc., the University of Maryland’s INFORUM, Claremont McKenna College, the Department of Homeland Security, RMS Inc. and USC. Click here to read the article.
REMI Launches TranSight 3.0 REMI is pleased to announce the release of TranSight 3.0, the newest version of our transportation software. TranSight integrates travel demand model data into its analysis, showing the total economic and demographic effects of transportation infrastructure projects. For training on the new changes to TranSight, please take part in our TranSight Training […]
We wish to thank all of our guest speakers and attendees for joining us in Portland last week for our 24th annual REMI Users’ Conference. We were fortunate to have an array of topics presented and discussed. We invite you to look over the presentations that were given during the sessions and we hope to […]
This article examines the results of ARRA spending, including the REMI/Onvia estimates of construction spending benefits. Click here to read the article.
Recent demographic forecasts by the University of Pittsburgh using the REMI model indicate an upcoming turnaround in the city’s declining population numbers. Continue reading
AASHTO Press Release Click Here