Regional Purchase Coefficient

Redefinitions

Reclassification

Reclassifications, one of the three I-O methods for handling secondary products, are made as part of the preparation of the standard I-O make and use tables. Reclassifications are made when BEA decides that a product that the Census Bureau has designated as a primary product should instead be treated for I-O purposes as a secondary product. For example, in the Census Bureau classification system, the primary product of the newspaper industry is defined as newspaper sales and newspaper advertising. In the I-O system, the primary product of the newspaper industry is newspapers, and the advertising is treated as a secondary product of the newspaper industry and is reclassified to the advertising commodity. Reclassifications are also made when a product is primary to more than one industry—that is, the final product is the same but it is made using different production processes. In these cases, BEA groups the output in the commodity where the largest amount of it is produced. For example, sheets can be made in knitting or weaving mills or from purchased fabric. For the I-O accounts, all sheets are treated as a single commodity and are shown as the product of curtain and linen mills. Reclassifications do not affect the definition of the industry or the measurement of industry output, which consists of the output of both the primary and the secondary products of that industry. However, reclassifications do affect the definition of the commodity and the measurement of commodity output. (BEA)

Reallocation

Re-sales

Re-imports

Re-exports

RAS technique

Purchasers value or price (Purval)

Price paid by industries and final users for the goods and services they use. Purval is equal to producers value plus trade (wholesale and retail) margins and transportation costs. (BEA)

Proprietor Income

Proprietor Income consists of payments received by self-employed individuals and unincorporated business owners.

This includes current-production income of sole proprietorships, partnerships, and tax-exempt cooperatives. It excludes dividends (payments in cash or other assets, excluding the corporation’s own stock, made by corporations located in the United States and abroad to stockholders who are US residents), monetary interest received by nonfinancial business, and rental income received by persons not primarily engaged in the real estate business.  Includes the capital consumption allowance and is recorded on Federal Tax form 1040C.  (bea.gov)

IMPLAN’s estimated Employee Compensation and Proprietor Income fields represent the average payroll values for all employees that work in a firm, across all Industries that report in the Study Area’s region.

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