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Input-Output (I-O) Analysis is designed to predict the ripple effect of an economic activity by using data about previous spending. Production in a given Sector in an economy supports demand for production in Sectors throughout the economy, both due to supply chain spending and spending by workers. In the images of this article, all Private […]
INTRODUCTION: Backward linkages are the interconnection of an industry to other industries from which it purchases inputs to produce its output. Each industry purchases Commodities from Industries to operate their business, which generates the initial round of backward linkages for each industry. Each cell in the matrix below represents a payment from the Sector column […]
All IMPLAN Value Added data are ultimately controlled to National Income and Product Accounts (NIPA) data published by the Bureau of Economic Analysis (BEA). Employee Compensation and Proprietor Income Please see this webpage for detailed information on the estimation of Employee Compensation and Proprietor Income: Estimating Non-Disclosures when Creating Employment and Labor Income Data. […]
Four Components of Value Added Employee Compensation Proprietor Income Other Property Income Taxes on Production and Imports net of subsidy Calculation of Value Added Labor Income (Employee Compensation and Proprietor Income) BLS’ CEW is our primary source of employment and income data; however, CEW data excludes some Sectors1 and does not include proprietors, proprietor income, […]
In IMPLAN, Total Industry Output (TIO) is the value of production by industry in a calendar year. It can also be described as annual revenues plus net inventory change. The output for the wholesale and retail sectors represents the wholesale or retail margin only; it does not represent revenues (sales). National Industry Output Output is, […]
GDP Defined GDP is defined as the total market value of all final goods and services produced within a region in a given period of time (usually a quarter or year). GDP is the sum of value added at every stage of production (the intermediate stages) of all final goods and services produced within a […]
INTRODUCTION: Gross Output and Gross Domestic Product (GDP) are both highly useful economic statistics that are published as part of the BEA’s industry accounts. OUTPUT Output is the value of an industry’s production. It can be measured in two ways: from the sales (income) perspective or the expenditures (spending) perspective. From the sales (income) perspective, […]
INTRODUCTION: IMPLAN defines the total annual production value of each Sector or Commodity as Output. Output is in producer prices and includes net of inventory changes. To understand how definition of Output creates some nuances in certain Sectors, read the full definition of Output here. Since Output is the total production value of a Sector, […]
What are deflators and when are they used in IMPLAN? The purchasing power of a dollar changes over time (typically decreasing) due to inflation, a cyclical phenomenon by which prices of goods and services increase[1], which spurs workers to demand higher wages, which in turn increases demand for goods and services, thereby spurring additional price […]
By Leroy Stodick, University of Idaho, 5 March 2004 Revised by Stephen Cooke, Implan Group LLC, 26 March 2014 GAMS_Exporting Data_from_IMPLAN _to_GAMS_7_1_2014 (003).pdf 300 KB Download
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