Modeling the Regional Economic Impacts of Policies and Investments
REACT is an input-output modeling tool that enables our clients and partners to deliver a high-quality, comprehensive and tailored quantitative assessment of how local and regional economies will react to changes in policy, investment, or industry activity.
The model is a cost effective option for collaborators and clients to efficiently and accurately conduct impact studies and can estimate direct, indirect, induced and total economic impacts for a wide range of policy, investment and industry initiatives and scenarios.
Designed for both in-house use by Cambridge Econometrics and for collaborators and clients to conduct their own impact studies, REACT offers new insights on the ever-changing and complex landscape of US economic policy.
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Economic Impact Assessment With React
REACT builds on Cambridge Econometrics’ 40 years of regional economic modeling expertise to develop a world-class, cost effective input-output economic impact tool, with an integrated framework of employment, income (wages), output and value added by detailed industry sector.
The model generates results on the supply chain / intermediate impacts (known as indirect) and the effects of the re-spending of wages and income (known as induced) to estimate total economic impacts (known as multiplier effects). It can also estimate state-level tax revenue impacts.
Key Benefits
Reliable and accurate insights
Built from the latest US Bureau of Economic Analysis (BEA) and US Bureau of Labor Statistics (BLS) input-output and GDP data
Granular and localized analysis
Customized with detailed, up-to-date industry employment and wage data at the county level from data-Fab
Broad and comprehensive industry scope
Coverage of 166 different sectors
A holistic approach
Integrated model system built on sectoral relationships and interactions
Customizable application
Regions can be configured for any combination of counties, metro areas, or states
Versatile across industries and sectors
Designed for a wide range of applications including construction or development projects, new or expanded industries, tourism and visitation studies, economic contributions of industries, etc.
Get in touch to discover how REACT can deliver tailored economic insights for you.
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