The objective of this project is to utilize a customizable model to evaluate the economic impacts of military activities in Hawai’i, and provide a comprehensive analysis that includes direct, indirect, and induced effects. The model must provide an integrated methodology including input-output, general equilibrium, new economic geography, and econometrics with the ability to adjust baseline control for national, state and region, and provide insights into the economic and demographic impacts at both state and regional levels, extending to military installations. The model must include baseline control with historically observed, anticipated federal, state, and Keynesian closures that can be built up from the county (island) level and should contain at least 60 industry sectors, based on the North American Industry Classification System (NAICS) codes. The selected contractor will be responsible for leveraging the economic model’s capabilities to assess the economic implications of potential reductions in military personnel, spending, and associated activities within the state. The final analysis and reporting should result in an accurate accounting of all military related revenue/spending in the State and the counties, and importantly, will produce scenarios of “what ifs” with accurate predictions.
