understanding deflators
Hi,
I want to make sure I understand how the deflators work because I am planning to do some of my deflation outside of IMPLAN. Here is my current understanding. Can you please tell me if this is correct:
-I need to convert my final demand values to the year of the IMPLAN data. I will do this using sector specific output deflators.
-I can then use the IMPLAN multipliers and my deflated final demand values to get my impacts in terms of the dollar year of the data.
-To deflate these impacts to the year of the analysis I assume I would:
*Do nothing to the job impacts
*deflate the value added and labor income impacts using GDP deflators
*deflate the output impacts using sector specific output deflators
Thanks for letting me know if this is correct and pointing me in the right direction if it is not!
~Cathy
Was this post helpful?
-
IMPLAN SupportHi Cathy, We have embedded our responses in your questions with the assumption that you are still using IMPLAN to do the analysis, if you are just working with Multipliers, the same answers are correct, you just don't have to worry about the Event Year and Dollar Year for View notations: If you don’t want to use the IMPLAN deflators then yes you would do this conversion outside IMPLAN. [i]-I need to convert my final demand values to the year of the IMPLAN data. I will do this using sector specific output deflators.[/i] This is correct. You will also want to make sure that your Event Year is set to the year of the data so that you aren’t compounding your deflation rates with the ones built into IMPLAN. [i] -I can then use the IMPLAN multipliers and my deflated final demand values to get my impacts in terms of the dollar year of the data.[/i] Correct. Again you would want to view the impacts in Dollar Year for View of the data, and then inflate the results based on the same calculations you used to deflate them to match the data year. -To deflate these impacts to the year of the analysis I assume I would: [i] *Do nothing to the job impacts[/i] Correct if you are entering in 2011 (or your current data year) values with an Event Year = 2011. IMPLAN should make an accurate estimation of the Employment based on the value you entered. [i]*deflate the value added and labor income impacts using GDP deflators *deflate the output impacts using sector specific output deflators [/i] Absolutely! This is an important and correct distinction. Please let us know if you have any additional questions.0
-
Hello, I have a follow up question. I'm in the .impdb database, and I see the table CommonDeflators. I assume these are output deflators? Where are the GDP deflators stored? Thank you!! Cathy0
-
IMPLAN SupportHi Cathy, Would you mind providing us with more information on what you are trying to accomplish? We are unable to support the use of the IMPLAN data through Access as it is a violation of our user's license. We apologize for any inconvenience.0
-
Hi, Thank you for your reply. I am not doing anything that would violate your proprietary rights. I am dealing with a large number of models and need to compile their impacts in a variety of groupings, and some of this work needs to be done outside of the IMPLAN interface. Cathy0
-
IMPLAN SupportHi Cathy, Thank for the clarification. It looks like you are just trying to pull Deflator data for 2011 out of IMPLAN. You will find the information for Output and GDP deflators in the attached spreadsheet. [attachment=460]2011Deflatorstables.xlsx[/attachment] Please let us know if you have any additional questions.0
-
Thank you!0
-
I was able to open the spreadsheet this morning, and it is just what I need; however, I will be using the 2012 data (once it is available). Do you happen to have these values for the 2012 data yet? That would be very helpful. Thank you again for your help, Cathy0
-
IMPLAN SupportWe don't have them yet, but we will in the next couple of weeks (once all our testing is finished. We can certainly post them for you at that time. If you don't hear back from us by the end of next week please help us to remember by posting a reminder to us. Glad to help!0
Please sign in to leave a comment.
Comments
8 comments