Glossary - Part 16

Special I-O industries/commodities

October 24, 2019/0 Comments/in Glossary, Knowledge Base, Support Site/by Joe Demski

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 rest-of-the-world adjustment to final uses. I-O special industries/commodities are incorporated to maintain consistency with economic concepts underlying the NIPAs. (BEA)

Social Accounts

October 24, 2019/0 Comments/in Glossary, Knowledge Base, Support Site/by Joe Demski

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

October 24, 2019/0 Comments/in Glossary, Knowledge Base, Support Site/by Joe Demski

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

October 24, 2019/0 Comments/in Glossary, Knowledge Base, Support Site/by Joe Demski

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

October 24, 2019/0 Comments/in Glossary, Knowledge Base, Support Site/by Joe Demski

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

October 24, 2019/0 Comments/in Glossary, Knowledge Base, Support Site/by Joe Demski

A collection of one or more Activities that specify all sales to Final Demand (Direct Effects) for a given impact.

Savings

October 24, 2019/0 Comments/in Glossary, Knowledge Base, Support Site/by Joe Demski

Gross saving is gross disposable income less final consumption expenditure. (SNA)

Sales taxes

October 24, 2019/0 Comments/in Glossary, Knowledge Base, Support Site/by Joe Demski

Taxes that are generally levied by state and local governments as a percentage of the commodity’s price. General sales taxes are typically shown separately on sales receipts and are typically levied as a standard percentage of the commodity’s price. They include sales taxes collected by retail establishments, by wholesalers, and by service establishments. Selective sales taxes are levied on a specific commodity at a percentage that differs from that of the general sales tax. They include taxes on motor fuels, tobacco products, alcoholic beverages, public utilities, meals, hotel occupancy, and amusements. (BEA)