Multi-industry Contribution Analysis ?

Hi Eric. Yes. You are correct. You would want to do a Multi-Industry Contribution Analysis of these industries and not an Economic Impact Analysis. The difference between the two approaches is described below. An Economic Impact Analysis estimates the economic impact (in terms of jobs, labor income, taxes, etc.) of some initial change in the local economy. Such as an expansion of existing business, new business, or a plant closure. An Economic Contribution Analysis describes/assesses that portion of the region’s economy (in terms of jobs, labor income, taxes, etc.) that can be attributed to an existing business, industry, event, policy, or program. We start this process by adjusting the coefficient cell for each of the primary commodities to one so that each industry in the contribution analysis is making 100% of its primary commodity and thus the commodity value is not being altered by production in another industry that may produce that primary commodity as a byproduct. Click Balance, all other commodity coefficients will change to 0. Once this is done, you would need to reconstruct the model by navigating to the top menu and selecting Options>Construct>Multipliers. Next, you will modify the Trade Flows by navigating to Customize>Trade Flows. For each agricultural production industry and/or processing industry, you will highlight the Local Use Ratio (RSC) cell and enter 0. You will do this for each industry involved in your analysis. By editing the by-products and changing the RSC, you are not allowing any purchases from these industries beyond the amount specified in the Event Set-up. Here again, you will need to reconstruct the model again. Before you run your analysis, you should navigate to Explore>Study Area Data and write down the total output (or employment if you are using employment to proxy industry output) of each industry in your analysis. After running your analysis, the value of target variable in each industry should equal to the values you wrote down from the “Study Area Data” section of your model. We hope this helps.

Hello, I have a question regarding a webpage I previously used for reference (implan.com/v4/index.php?option=com_multi...id=660:660&Itemid=14). If I remember correctly this was a step-by-step guide on how to successfully conduct a Multi-Industry Contribution Analysis. I want to ensure that I using the same methods as we have in prior reports and was wondering if there was any way to access that webpage or if there is a new guide to conducting a Multi-Industry Contribution Analysis. Thanks.

Hi Michael! Thank you for your post. I apologize for the broken link and appreciate your patience while we try to relink articles on our new website. As long as you are using the IMPLAN pro version of the software, you can conduct a Multi Industry Contribution Analysis, here is the article: http://implan.com/index.php?option=com_content&view=article&layout=edit&id=366. Please let me know if this is not what you are looking for. Thanks.