United States Department of Transportation
i
Analyzing the Economic Impact of Transportation Projects Using RIMS II, IMPLAN and REMI
-
2000-10-01
-
By Lynch, Tim
[PDF-2.08 MB]
Details:
-
Creators:
-
Corporate Creators:
-
Corporate Contributors:
-
Subject/TRT Terms:
-
DOI:
-
Resource Type:
-
Geographical Coverage:
-
Corporate Publisher:
-
Abstract:Transit managers, planners and analysts are facing unparalleled demands for completing comprehensive transit project economic impact analysis, project accountability and alternatives
assessments. Elected local, state and federal representative and executive branch policy makers as well as average citizens are increasingly asking, "What is the economic importance of this project?" Or "How does this project (or alignment) compare with another competing transportation investment for the limited public transportation dollar?" Ultimately the question is "What 'bang' do I get for investment of this buck?"
While the question is a simple and straightforward one, the proper response involves completing a fairly detailed evaluation process, which includes proper use of a wide range of financial and economic data combined with the proper economic impact assessment model. These models can range from the relatively inexpensive and fairly simple U.S. Department of Commerce, Regional Input-Output Modeling System (RIMS II) to the moderately priced and moderately complex Minnesota IMPLAN input-output model. Finally, one may opt for the most sophisticated and expensive integrated input-output-econometric models of analysis typified by the widely sued proprietary Regional Economic Modeling. Inc. (REMI) software.
The focus of the study is to provide public transit managers, operators and planners with a well researched and simply presented comparative economic impact assessment guidebook for using each of these tools. The analysis will use each of these tools on an identical set of transit examples with varying capital, operation and maintenance and other and other costs and explain the pros and cons of each. These products will provide users with a simple to use step-by-step guide to help managers and planners select and properly use the correct type(s) of economic impact assessment analysis for a specific transit project under review.
-
Format:
-
Funding:
-
Collection(s):
-
Main Document Checksum:
-
Download URL:
-
File Type:
