2008 verses 2012 IMPLAN Software Analytics
Can someone assist with a direct impact data question...I have run IMPLAN input output software since 1996...I have noticed that the direct impact spend when entered into the county software packages has reduced significantly over the years, as it appears the coefficients are doing a more effective job of isolating leakages in the monetary systems (e.g. profit taking by retail establishments/import expenditure capture, etc) Can you confirm that the most recent 2012-3.1 IMPLAN software is more than likely doing a more effective job of capturing this data than let's say in 2008 or earlier??
Appreciate your help on this!
KD
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IMPLAN SupportHi Kathleen, The direct impact for output is always one by definition. For employment, the direct employment per million dollars output has consistently gone down as output per worker (productivity) has increased. The indirect and induced for all effects have gone down consistently (although not as quickly) as the US economy becomes more open -ie, foreign imports increase. Corporate profits are treated as a leakage by IO, and profits has taken a hit but are returning in more recent years. If you enter your impacts as "Sales" (ie, output) then this increase of profits would decrease the indirect and induced effect per dollar of direct output. If, however, you enter employment, since both output and profits increased per job this effect would not be as noticeable. Please let us know if you have any additional questions. Thank you!0
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