Purchases of non-durable goods and services such as energy, materials, and purchased services that are used for the production of other goods and services rather than for final consumption. These inputs are sometimes referred to as current-account expenditures. They do not include any capital-account purchases nor do they include the inputs from the primary factors […]
The value of production sold to other industries within the study area.
In general, institution demand is estimated nationally and then allocated to states and counties. Institution demand data is not available for some of the variables at the state or county level. This chapter will discuss the data sources and the distribution procedures. Institution demand, or final demand as it is sometimes called, is demand for […]
The dollar value of a commodity required directly by an industry to produce a dollar of output. It is also referred to as the direct requirement coefficient. (BEA)
A broad expense category for an industry or final-use category. Examples include office supplies and purchased fuels. (BEA)
By this assumption, each industry’s production requires a unique set of inputs, no matter which product it is producing. This assumption provides the basis for the mechanical calculation of the total requirements tables in the I-O accounts. See also Handbook of Input-Output Table Compilation and Analysis, Studies in Methods, Handbook of National Accounting, Series F, […]
An Industry Event is appropriate when your goal is estimating the effect of a production change and the industry experiencing the change is known. There are four types of Industry Events: Industry Output Industry Employment Industry Employee Compensation Industry Proprietor Income These four Events Types behave in very similar ways. You should pick from one […]
Industry Contribution Analysis is a method used to estimate the value of a Sector or group of Sectors in a region, at their current levels of production. For more information, visit the article Introduction to Industry Contribution Analysis.
A group of establishments engaged in the same or similar types of economic activity. (BEA)
Induced effects stem from household spending of labor income, after removal of taxes, savings, and commuters. It represents the response by an economy to an initial change (direct effect) that occurs through re-spending of income received by a component of value added. IMPLAN’s default multiplier recognizes that labor income (employee compensation and proprietor income components […]
Economic input output
modeling application, data,
and solutions.
