ABP Question: Adjusting values of Direct Effects
Hi,
I followed the steps in doing Analysis by Parts. I have 2013 data so I used 2013 as my Event Year when I set up my Activity and Events. After doing the Scenario Analysis, I can view the table showing the Indirect and Induced Effects for 2013, as well as for 2014 and 2015 when I change the "Dollar Year for View". If I choose 2014, the values of the indirect and induced effects increase.
I want to add my Direct Effects to the table but they are in 2013 dollars. What should I do to adjust the direct effects of labor income, value added and output to 2014? Do I simply use the deflator in IMPLAN? If so, which one should I use -- the output deflator or GDP deflator?
Thanks for your help.
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Hello, The easiest solution to this is to enter your Industry sales and other fields into a standard Industry Change Activity type with the correct Event Year for the dollar value in the Sector you are using. Run that Activity in a Scenario and use the Dollar Year for View to adjust the Direct impacts for you. Then, you can line up the same dollar year to 2013-2015 with you Indirect and Induced Analysis By Parts results. Please let us know if you have any further questions.
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