student spending question

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bmd_23

• June 14, 2011 23:21

I'm estimating the impact of student spending. The data are not very specific. In cases like this, I understand that running the total amount through an institution spending pattern (LT10K) is a common approach. I do, however, have specific rent totals. My plan was to run this amount through sector 360 and the rest through the institution spending pattern. However, I realized that the spending pattern results in direct output of both 360 and 361 sectors. What would be the best way to model this? Should I just run the total amount through the spending pattern and not separately model rent? Thanks!

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  DougO

  • June 14, 2011 23:35

  After you import the spending pattern, you can zero out 360 and 361 and renormalize the coeficients (under Event Options>Change all). Then you can run all student expenses except rent and run the rent separately. Note that the "Real Estate" sector has an extremely low output per worker so this sector can create excessive ( ? ) jobs with very low earnings per worker.

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