education
Hi,
I am looking at the economic impact of the Education sector. I aggregated 391, 392, 393 and 438. Am I missing some sector or is that it? Thank you!
Was this post helpful?
-
IMPLAN SupportHi Simona. The sectors you list look to be fairly inclusive for the Education Sector. However, just a few cautionary notes when aggregating sectors which can lead to aggregation bias in your results. When you aggregate a region’s industries before generating the multipliers, it has the effect of taking several individual Industries and combining them to form a totally new Industry. Therefore, the new Industry’s production function may not truly represent the industry being impacted. This creates aggregation-induced error, or bias. As an alternative, you may want to consider aggregating the impact results rather than the model itself. However, aggregating IMPLAN Sectors in a model can be useful for those who do not have specific Sector detail for their numbers or are working with a standard NAICS aggregation for their input data. We hope this helps.0
Please sign in to leave a comment.
Comments
1 comment