This model tests particular economic phenomena by applying statistics to them. The potential of generation of jobs at regional centers, regarding the EB-5 program, is determined by econometric models. RIMS II, IMPLAN, and REDYN are the models typically used in the with regard to EB-5.
IMPLAN (Impact Analysis for Planning), is a model used in order to approximate the total economic implications of a particular economic activity by accounting for all dollar flows between economic sectors in a particular region. In the geographic region of an enterprise, the IMPLAN is able to predict precise economic consequences of a business transaction by using localized models.
REDYN (Regional Dynamics Economics Analysis)
REDYN (Regional Dynamics Economics Analysis) is a model that assists in analyzing the economic impact investments have as well as analysing other economic activity. In order to make long-term economic predictions, REDYN uses data and metrics from budgetary, financial, and additional economic influences at different levels (i.e. national, local and regional). The mentioned data comes from private and public sources which are updated each year.
REMI (Regional Economic Models, Inc.)
REMI (Regional Economic Models, Inc.). Economic projections of investments are analyzed using REMI, which is an economic forecasting and policy analysis tool. In order to determine different economic predictions, REMI depends on input-out; approaches such as econometric, equilibrium and economic geography.
RIMS II (Regional Input-Output Modeling System)
RIMS II (Regional Input-Output Modeling System). Based on industries found in the area, RIMS II is an economic model used to determine an approximation of the growth of economic activity within said area. To predict industry-supplied growth in economic activity, RIMS II uses input-output multipliers.