Estimating Economic Impacts of Government Technology Programs: Manufacturing Studies Using the REMI Model.
Estimating Economic Impacts of Government Technology
Programs: Manufacturing Studies Using the REMI Model.
(4276 K)
Ehlen, M. A.; Weber, S. F.
NISTIR 6107; 59 p. December 1997.
Available from:
National Technical Information Service
Keywords:
manufacturing; economic simulation; federal tax
analysis; macroeconomic analysis; technology impacts;
forecasting
Abstract:
Government technology programs such as NIST's
Manufacturing Extension Partnership (MEP) work to keep
the U.S. economy health and its firms globally
competitive. Economic tools are needed for gauging the
effectiveness of such programs. This report presents one
such tool, a model for measuring the microeconomic,
industrial, and macroeconomic impacts of government
technology programs. This economic impact model is a
three-step framework that traces the effects of
government program activities on the macro economy.
Step 1 calculates the government program's impact on
individual firms. Step 2 translates the individual-firm
impacts to industry-level impacts. Finally, Step 3
estimates macroeconomic impacts using the industry-level
impacts and a macroeconomic simulation and forecasting
model called REMI (Regional Economic Modeling, Inc.).
