Input-Output |
A type of applied economic analysis that tracks the interdependence among various producing and consuming industries in an economy; it measures the relationship between a given set of demands for final goods and services, and the inputs required to satisfy those demands |
Industries |
The different IMPLAN Industry codes based on definitions put forth by the Bureau of Economic Analysis; there is a crosswalk available between NAICS codes and IMPLAN Industries |
Direct |
Initial effects to a local industry or industries due to the activity or policy being analyzed |
Indirect |
Effects stemming from business to business purchases in the supply chain taking place in the region |
Induced |
Effects in the region stemming from household spending of income, after removal of taxes, savings, and commuters |
Output |
The value of industry production;
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Employment |
An industry-specific mix of full-time, part-time, and seasonal employment. An annual average that accounts for seasonality and follows the same definition used by the BLS and BEA. IMPLAN Employment is not equal to full-time equivalents. |
Labor Income |
All forms of employment income, including Employee Compensation (wages and benefits) and Proprietor Income |
Employee Compensation |
Total payroll cost of the employee including wages and salaries, all benefits (e.g., health, retirement) and payroll taxes |
Proprietor Income |
The current-production income of sole proprietorships, partnerships, and tax-exempt cooperatives. Excludes dividends, monetary interest received by nonfinancial business, and rental income received by persons not primarily engaged in the real estate business (BEA). |
Value Added |
The difference between an industry's or establishment's total output and the cost of its intermediate inputs; it is a measure of the contribution to GDP |
Intermediate Inputs |
Purchases of non-durable goods and services such as energy, materials, and purchased services that are used to produce other goods and services rather than for final consumption |
Taxes on Production & Imports Net of Subsidies (TOPI) |
Includes sales and excise taxes, customs duties, property taxes, motor vehicle licenses, severance taxes, other taxes, and special assessments |
Other Property Income (OPI) |
Gross Operating Surplus minus Proprietor Income; it includes consumption of fixed capital (CFC), corporate profits, and business current transfer payments (net) |
Multipliers |
Multipliers are a measure of an Industry's connection to the wider local economy by way of input purchases, payments of wages and taxes, and other transactions. It is a measure of total Effects per Direct Effect within a Region. |
Industry Contribution Analysis (ICA) |
Industry Contribution Analysis is a method used to estimate the value of a Industry or group of Industries in a Region, at their current levels of production. |
Multi-Regional Input-Output Analysis (MRIO) |
Multi-Regional Input-Output Analysis (MRIO) MRIO analyses utilize interregional commodity trade and commuting flows to quantify the demand changes across Regions stemming from a change in production and/or income in another Region. It measures the economic interdependence of regions. |
Leakages |
Economic activity associated with the modeled Event(s) that does not generate additional effects in the Region you’ve defined |
Written March 13, 2020
Updated March 31, 2021
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