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INTRODUCTION At IMPLAN, we use a lot of acronyms. Here’s a list of what they are and what they mean. IMPLAN TERMS ABP Analysis by Parts EC Employee Compensation HH Household II Intermediate Inputs I-O Input-Output ICA Industry Contribution Analysis LI Labor Income LPF Leontief Production Function LPP Local Purchase Percentage MRIO Multi-Regional Input-Output […]
INTRODUCTION Combining Regions in IMPLAN allows you to create Regions of grouped geographies to analyze. The great part is once you create a Combined Region, it will always be available for you to use. DETAILS You can create a custom Combined Region in IMPLAN with just a few simple clicks. From the Regions screen, […]
TAX IMPACT DETAILS: The table below clarifies the underlying level of detail of all line items in an IMPLAN tax impact report. In principle, the tax impact report captures all tax revenue in the study area across all levels of government that exist in that study area for the specific industries and institutions affected by […]
INTRODUCTION Your answers to the questions you should ask yourself when preparing your analysis: Who, What, Where, When and Why can range in level of detail widely. The more information you bring to IMPLAN, the more detailed your analysis can be defined. IMPLAN is based on Input-Output Analysis which quantifies the secondary demands supported across industries within […]
INTRODUCTION Owner-occupied dwellings is a Special Sector developed by the BEA to ensure consistency in the flow of funds. Owner-occupied dwellings is necessary to include as an Industry in IMPLAN because home-ownership generates wealth (the home can be rented out to others or saves the owner from having to pay rent); the Value Added portion of this […]
INTRODUCTION COVID-19 has the world turned upside down. IMPLAN is no different as we have moved to working remotely instead of heading into the office. As the leader in economic impact modeling data and software, we are being continually asked how to model the economic impacts of COVID-19. Unfortunately, the answer isn’t easy, and with […]
INTRODUCTION: Production functions detail the relationship between inputs and outputs. They represent the technically-efficient combination of inputs required for producing a certain level of output (Hess, 2002). This article outlines the three most common production functions, with an emphasis on our personal favorite, the Leontief Production Function. PRODUCTION FUNCTIONS & ISOQUANTS: In general, functions […]
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