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System for defining and aggregating industries for the I-O accounts. Up through the 1992 I-O benchmark, the I-O system was based on the SIC. Beginning with the 1997 I-O benchmark, it is based on NAICS. (A concordance between the I-O industry classification codes and the NAICS codes for the 1997 benchmark is published in Appendix […]
A type of applied economic analysis that tracks the interdependence among various producing and consuming sectors of an economy. More particularly, it measures the relationship between a given set of demands for final goods and services and the inputs required to satisfy those demands. (BEA)
Residents of the study area. Final users of nondurable goods & services. One of several institutions in IMPLAN.
Household Income Events are most appropriate to use when an analyst intends to model changes in household income that are independent of both production and payroll. In Household Income Events, you can specify the specific income group(s) receiving the income.
A unit of homogeneous production is a producer unit in which only a single (non-ancillary) productive activity is carried out; this unit is not normally observable and is more an abstract or conceptual unit underlying the symmetric (product-by-product) input-output tables. (SNA)
One of the three fundamental principles underlying the I-O accounts. Under this principle, each industry’s output is produced with a unique set of inputs or a unique production function. The other two principles are consistency and proportionality. (BEA)
A 10-digit commodity classification system for foreign trade. It was introduced in the United States in January 1989 in order to ensure international comparability in the classification of exports and imports by commodity. There are approximately 19,000 codes for imports and 9,000 codes for exports. (BEA)
As part of the 2003 comprehensive NIPA revision, replaced”other value added” as one of the three components of value added. It is a profits-like measure that includes proprietors’ income, corporate profits, net interest, business transfer payments, etc. GOS can be calculated as gross output less (1) intermediate inputs, (2) employee compensation, and (3) “taxes on […]
The market value of the goods and services produced by labor and property supplied by U.S. residents. (BEA)
The market value of the goods and services produced by labor and property located within the borders of the United States. In 1991, GDP replaced gross national product (GNP) as the featured measure of U.S. production. (BEA)
Economic input output
modeling application, data,
and solutions.
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