I need a help on two implan cases studies. I- First case study 11: impact of a public college Case study exercice 11d. In this case study, to estimate the impact of college faculty payroll an "Industry change activity" is created with one event for industry 438. After following the instructions, the impact of the scenario gives this. Impact Type Employment Labor Income Value Added Output Direct Effect 314.0 $26,839,796 $29,720,632 $26,839,796 Indirect Effect 0.0 $0 $0 $0 Induced Effect 122.5 $4,058,889 $7,768,497 $13,641,449 Total Effect 436.5 $30,898,685 $37,489,130 $40,481,245 In this case: 1- how do you interprete direct, indirect and induced effect here? 2- Why is Direct effect (output)equals labor income? This cannot be the first round spending of employees as this amount includes the benefit and taxes to be paid. I am right? 3- Why the indirect effect is 0 4- What is the induce effect here? II- Case study exercise 1b (implan 2) This exercise is simmilar to the exercice above. The only difference is that in this one the impact of the payroll is estimated by importing group of household spending pattern after calculating the disposable income.This method also gives direct, indirect and induced effects. How would you interprete these effects. Can a relatioship be established between the effect in this case and those of the previous method?
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