Supplements to wages and salaries
Employer contributions for social insurance funds and for other labor income. Supplements are a part of the value-added component “compensation.” (BEA)
Entries by Joe Demski
Survey of Current Business (SCB)
BEA’s monthly journal. (BEA)
Standard Industrial Classification (SIC)
System for grouping economic activities using the operating establishment as the basic production unit. The SIC system assigns each establishment an industry code on the basis of its primary activity, which is the establishment\’s principal product or group of products produced or distributed or services rendered. Beginning with the 1997 benchmark, the SIC was replaced […]
Spending Pattern Events
Spending Pattern Events are most appropriate to use when an analyst has the data required to build a customized spending pattern which reflects specific purchases by an industry or when the ratios in an industry’s output equation must be modified to a degree beyond that which is achievable by simply customizing an Industry Event. Spending […]
Special I-O industries/commodities
Industries/commodities that are provided for in the I-O industry classification system but are not included in the SIC or NAICS. In the 1997 benchmark accounts, they consisted of both industries and commodities for the inventory valuation adjustment and owner-occupied housing and of commodities for non-comparable imports, for scrap, used and secondhand goods, and for the […]
Social Accounts
A set of annually derived values for a Study Area that show its non-industry transactions (payments made between households and households, households and governments, etc.).
Social Accounting Matrix (SAM) Model
IMPLAN expands upon the traditional I-O approach to also include transactions between industries and institutions and between institutions themselves, thereby capturing all monetary market transactions in a given time. IMPLAN can thus more accurately be described as a Social Account Matrix (SAM) model, though the terms I-O and SAM are often used interchangeably.
Sector
In the national economic accounts, the institutional units that make up the total economy: Business, households and institutions, and general government. In NAICS, one of the 20 major areas of economic activity. The sectors are generally the two-digit NAICS level—though manufacturing, retail, and transportation and warehousing span several two-digit codes. (BEA)
Secondary product
A good or service that is produced by an industry in addition to its primary product. Secondary products are the primary product of another industry. Secondary products in the I-O accounts are termed redefinitions, reclassifications, and other secondary products. (BEA)
Scenario
A collection of one or more Activities that specify all sales to Final Demand (Direct Effects) for a given impact.
IMPLAN
Economic input output
modeling application, data,
and solutions.
