Assets are entities functioning as stores of value and over which ownership rights are enforced by institutional units, individually or collectively, and from which economic benefits may be derived by their owners by holding them, or using them, over a period of time (the economic benefits consist of primary incomes derived from the use of […]
An ancillary corporation is a subsidiary corporation, wholly owned by a parent corporation, whose productive activities are ancillary in nature: that is, they are strictly confined to providing services to the parent corporation, or other ancillary corporations owned by the same parent corporation. (SNA)
An ancillary activity is a supporting activity undertaken within an enterprise in order to create the conditions within which the principal or secondary activities can be carried out; ancillary activities generally produce services that are commonly found as inputs into almost any kind of productive activity and the value of an individual ancillary activity’s output […]
The allocation of primary income account focuses on resident institutional units or sectors in their capacity as recipients of primary incomes rather than as producers whose activities generate primary incomes; it lists two kinds of income under “resources”: (a) primary incomes already recorded in the generation of income account that are receivable by resident institutional […]
Aggregation bias stems from the loss of detail that occurs when you aggregate a region’s sectors before generating the multipliers. Multipliers are derived from output per worker averages, other value-added ratios, and the production functions of industries. When you aggregate a region’s industries before generating multipliers, it has the effect of taking several individual Industries […]
The combining of detailed subgroups to form a larger group. For example, detailed I-O items are aggregated to I-O commodities, and detailed industries are aggregated to summary industries and sectors for publication. (BEA)
A multiple applied to all Event values within an Activity, which reflects the number of times the Event value is repeated to create the final demand change.
A grouping of one or more Events that represents a related spending change within the Study Area. Six types of Activities are available, falling into three main categories: production by industry (Industry, Construction, Retail), production of goods & services (Commodity), and institutional spending. (Household, Labor Income).
Accumulation accounts are flow accounts that record the acquisition and disposal of financial and non-financial assets and liabilities by institutional units through transactions or as a result of other events. (SNA)
An account is a tool which records, for a given aspect of economic life, (a) the uses and resources or (b) the changes in assets and the changes in liabilities and/or (c) the stock of assets and liabilities existing at a certain time; the transactions accounts include a balancing item which is used to equate […]
Economic input output
modeling application, data,
and solutions.
