This paper from the University of Utah assessed the key difference between input-output modeling and REMI’s dynamic modeling approach. It includes diagrams for the structures of both types of models as well as detailed descriptions of the capabilities and linkages of each style of economic modeling. The author also found that the REMI model takes more social factors into consideration that then translate into monetary figures and analysis, while a standard input-output model only accounts for economic variables.
University of Utah – Regional Economic Analysis and Impact Models [full PDF]
