GM Plant Shutdowns: Fiscal and Economic Aftermath

[Slides]GM Plant Shutdowns: Fiscal and Economic Aftermath – Harry Walsh, REMI

[Recording]GM Plant Shutdowns: Fiscal and Economic Aftermath – Harry Walsh, REMI

General Motors’ plan to shut down production at five North American facilities is painful news to the communities directly affected by the decision. Furthermore, any major round of layoffs or plant closures such as these can result in economic and fiscal consequences for the impacted states.

As part of a broad restructuring, the auto manufacturer announced it will idle facilities located in Michigan, Ohio, Maryland, and Ontario, Canada while reducing its total workforce by 15 percent.

REMI cordially invites you to a special webinar presentation on Tuesday, December 18th from 2 to 3 p.m. EST, when Senior Economist Peter Evangelakis, Ph.D. will discuss how to assess the repercussions. This webinar demonstrates how fiscal and economic analysis can help policy makers plan ahead in the aftermath of major shocks.

For his presentation, Dr. Evangelakis will focus on the case of Michigan, which is home to two of the five facilities slated for shutdown. He will evaluate the broader impacts to the state’s employment and output, as well as estimate the implications for state tax revenue using REMI’s Tax-PI fiscal modeling software.

Steven Shwiff, Maryfrances Miller, Lirong Liu, Stephanie Shwiff – Economic Impact of a Potential Epidemic Shock to our Food Supply Chain

[Slides]Economic Impact of a Potential Epidemic Shock to our Food Supply Chain – Steven Shwiff, Maryfrances Miller, Lirong Liu, Stephanie Shwiff

[Recording]Economic Impact of a Potential Epidemic Shock to our Food Supply Chain – Steven Shwiff, Maryfrances Miller, Lirong Liu, Stephanie Shwiff

Foot-and-mouth disease (FMD), a highly contagious viral disease that affects cows, pigs, and other cloven-hoofed animals, poses potential economic risk to the U.S. agricultural industry.

REMI cordially invites you to join us for a guest webinar presentation on Wednesday, November 28th from 2 to 3 p.m. EST that addresses the implications of FMD. Our guest presenters will be faculty members at Texas A&M University-Commerce’s Department of Economics and Finance: Professor Steven S. Shwiff, Assistant Professor Maryfrances Miller, and Assistant Professor Lirong Liu, along with Stephanie A. Shwiff, Research Economist at the National Wildlife Research Center.

They will examine how the economic impact of a spread of foot-and-mouth disease can be modeled using REMI software, such as the inclusion of cattle deaths in REMI policy variables.

The extent of the impacts is shaped in large part by the timing and spread of the disease, as well as by any mitigation efforts. The benefit of using REMI is that it allows policy makers to drill down to the specific employment impacts of an FMD spread.