Multi-Regional Input-Output (MRIO)

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Multi-Regional Input-Output (MRIO) analysis makes it possible to track how an impact on any of the 536 IMPLAN sectors in a Study Area region affect the production of all 536 sectors and household spending in any other region in the US (county to county, county to multi-county, county to state, state to state, etc). It will demonstrate how an impact in the Study Area disperses into other regions and see how these effects in surrounding areas create additional local effects.  For more information, visit the MRIO section of the website.

Merchant wholesaler

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Merchant wholesalers are wholesalers that sell goods on their own account—that is, they buy the goods, usually maintain them in warehouses, and then resell them. Beginning with the 2002 NAICS, merchant wholesalers now include sales offices and sales branches that are maintained by manufacturing, refining, or mining enterprises apart from their plants or mines for the purpose of marketing their products. (BEA)
 
 

Market Share

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“Market Share” refers to the portion of the total locally-produced supply of a Commodity that is produced by an individual Industry or Institution in the Study Area. For example, if $100 of Commodity X is produced by three Industries (Industry A, $50; Industry B, $30; Industry C, $20) their respective Market Shares would be 50%, 30% and 20%. Market Shares are often used during impact analysis to distribute the total demand for a Commodity among the Industries that produce it.

Market Basket

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A collection of representative goods or services purchased by average households, in a given income category.

Margin or margin costs

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The value of the wholesale and retail trade services provided in delivering commodities from producers’ establishments to purchasers. Margin is calculated as sales receipts less the cost of the goods sold. It consists of the trade margin plus sales taxes and excise taxes that are collected by the trade establishment. (BEA)

Manufacturers Sales Offices (MSOs)

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One of the several types of wholesalers, MSOs do not hold inventories and primarily act as agents to sell products manufactured or mined in the United States by their parent companies. (BEA)

Manufacturers Sales Branches (MSBs)

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One of the several types of wholesalers, MSBs hold inventories and primarily sell products manufactured or mined in the United States by their parent companies. (BEA)

Make table

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Matrix that shows the value in producers’ prices of each commodity produced by each industry. The entries in a row represent the dollar value of commodities produced by the industry at the beginning of the row. The entries in a column represent the dollar value of production by each industry of the commodity at the top of the column. It is one of the two primary tables in the I-O accounts. The make table, together with the use table, is used to derive the I-O total requirements tables. (BEA)

Local Purchase Percentage (LPP)

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The amount (on a scale of 0-1) of the value of impact event (usually “industry sales”) specified by the user that will be applied to the regional multipliers. It implies that 1-LPP will be the proportion of the impact event activity that will be imported from outside the economy and have no impact on the local economy.

LPP indicates to the software how much the Event impact should be applied to the Multipliers. The key thing to remember when considering Local Purchase Percentage is that the LPP modifies ONLY the Event values, and it does this BEFORE those values are applied to the Multipliers.

Local Purchase Percentage describes the amount of the Direct Effect that is taking place within the Study Area. If we have properly defined the Study Area, then in most circumstances all the activity we are modeling occurs within our selected geography and thus LPP should be 100%. For example, if we are constructing a building in a county, all the construction activity takes place in that county, even if all the laborers and the requirements for the building are not sourced in the county, so LPP should be 100%. Likewise, if the operations of new or expanded business are occurring entirely inside our county, even if their employment or materials are sourced elsewhere the LPP should be 100% because the business operations themselves are local.

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