Entries by Adam Smith

FAQ

Why can I not Margin Sectors I once was able to apply Margins to? The only marginable industries are Retail and Wholesale sectors.  You’ll no longer be able to margin non-retail/wholesale industries because the margins that were being used were simply for the industry’s margin on its “primary commodity”. This change is to ensure more […]

The Curious Case of the Negative Tax: Agriculture Subsidies, Profit Losses, and Government Assistance Programs

INTRODUCTION: One of the most frequent questions we get at IMPLAN is “Why am I seeing negative taxes in my impact?”  Good news, there are reasons that this happens. This article breaks down how to find those negative figures and why they are there.  AGRICULTURE SECTORS: The agriculture Sectors in IMPLAN see significant amounts of […]

Economic Impact, Economic Contribution, and Export Base

Introduction The purpose of this paper is to clarify the differences between three commonly confused terms and methods in the more general realm of input-output (I-O) analysis: economic impact analysis, economic contribution analysis, and gross-base analysis.  While each of the three types of analyses has a distinct purpose and method, they all rely on data […]

ICA: Industry Contribution Analysis vs. Base Analysis

Introduction The purpose of this paper is to clarify the differences between three commonly confused terms and methods in the more general realm of input-output analysis: economic impact analysis, economic contribution analysis, and export base analysis.  While each of the three types of analyses has a distinct purpose and method, they all rely on data […]

ICA: Introduction to Industry Contribution Analysis

INTRODUCTION: Industry Contribution Analysis (ICA) is a method used to estimate the value of a sector or group of sectors in a region, at their current levels of production. While the focus of the analysis still looks at backward linkages, the purpose of this analysis differs from the standard economic impact analysis.  ICA shows the […]

ABP: Analysis-by-Parts with Manually Margining Bill of Goods

These instructions are an optional component of the Bill of Goods ABP approach.  INTRODUCTION: When you have a Bill of Goods (BOG) or line-item budget available in addition to your labor costs, you may want to create a spending pattern unique for your Industry using Analysis-by-Parts (ABP).  The Intermediate Expenditures that are purchased by the […]

ABP: Analysis-by-Parts Using an Industry Spending Pattern Event with Labor Income Events

INTRODUCTION: Analysis-by-Parts (ABP) is a technique by which you can split the “stemming ripple effects” of an event into its individual impact components. Separating the pieces with Analysis-by-Parts gives the researcher more flexibility and customization capabilities in the analysis.    DETAILED INFORMATION: To perform an Analysis-by-Parts, you will want to know Direct Labor Income and […]

ABP: Analysis-by-Parts & Bill of Goods Using Commodity or Industry Events with Labor Income Event(s)

INTRODUCTION: Analysis-by-Parts (ABP) is a technique by which you can split the “stemming ripple effects” of an event into its individual impact components – in this case if you have spending by line item and income. Separating the pieces with Analysis-by-Parts gives the researcher more flexibility and customization capabilities in the analysis.  DETAILED INFORMATION: To […]

ABP: Introduction to Analysis-By-Parts

Introduction: Analysis-by-Parts is a technique by which you can split the “stemming ripple effects” of an Industry Event into its individual impact components – budgetary spending pattern and income. Intermediate Expenditures and income spending are the core impact factors of an Industry Event, initiating Indirect Effects and Induced Effects, respectively. Separating them into two Events […]

Multipliers

INTRODUCTION: Multipliers are the total production impact within the Study Area for every unit of direct production. Total production will vary depending on the method of inclusion (whether the Induced Effects are included or not). There are four (4) Multiplier View By Options: Output, Employment, Labor Income, and Value Added.  Value Added can be further split into Employee Compensation, Proprietor Income, […]