Regional Input-Output Modeling System (RIMS II), 2018 (ICPSR 37942)
Principal Investigator(s): View help for Principal Investigator(s)
Bureau of Economic Analysis (BEA)
This is an external resource to which ICPSR links as a courtesy. These data are not available from ICPSR. Users should consult the data owners (via Regional Input-Output Modeling System (RIMS II), 2018) directly for details on obtaining these resources.
Alternate Title View help for Alternate Title
Summary View help for Summary
The Regional Input-Output Modeling System (RIMS II), a regional economic model, is a tool used by investors, planners, and elected officials to objectively assess the potential economic impacts of various projects. This model produces multipliers that are used in economic impact studies to estimate the total impact of a project on a region. The idea behind the results of RIMS II is that an initial change in economic activity results in other rounds of spending--for example, building a new road will lead to increased production of asphalt and concrete. The increased production of asphalt and concrete will lead to more mining. Workers hired due to the increase in economic activity will spend more in the region. The model covers the arts, entertainment, and recreation industry, which includes performing arts, spectator sports, museums, and related activities (industry codes 1711100-712000). BEA charges $275 per region (multipliers are provided for all industries in the model for the region that is ordered. The region must contain one or more contiguous counties) and $75 per industry (multipliers are provided for 50 states and the District of Columbia for the industry that is ordered). RIMS II multipliers are typically updated annually with a new year of regional data, and every five years with new national benchmark input-output data.