Regional Input-Output Modeling System (RIMS II)

<p>RIMS II, a regional economic model, is most frequently used by investors, regional planners, and government officials to gauge the economy-wide impact of a change in economic activity on a local community or a particular region of the country. The premise of RIMS II is that an initial change in economic activity leads to additional changes in economic activity in other industries or sectors of an economy—for example, an increase in furniture manufacturing leads to more production of wood and textile products. The increased production of wood and textile products, in turn, leads to more logging. Workers benefiting from these increases may also spend more, which adds to economic activity. Albany County and New York State are available in this study</p>