REVISION OF IMPLAN SAM ACCOUNTS TO MORE CLOSELY CONFORM TO THE CURRENT BEA NIPAS:
IBT (indirect business taxes) has been converted to “Taxes on production and imports net of government subsidy”. This removes business transfers to government from GDP. It also subtracts government subsidy to business from IBT. The upshot for the user is that it is now possible for IBT to be negative for some industries, meaning that government subsidy exceeds taxes paid by the industry.
- Changes to Wage and Salary Income no longer calculated but rather based on CEW W&S income per W&S worker
- Much of the controlling counties values to state totals has been eliminated to avoid spreading/compounding error. Controlling left to final IMPLAN sectoring controls.
CORRECTED ERROR IN BRIDGE BETWEEN 2002 BENCHMARK AND IMPLAN SECTORING SCHEME
The BEA codes for 3 commodities were mismarked leading to incorrect USE and Final demand distributions for these three commodities. Corrections noted below:
CONSTRUCTION SECTOR IMPROVEMENT
Earnings and output per worker modified to better reflect 2002 BM relationships.