Effect of Lower Energy Prices on Jobs and Economy

Hello Tim, IMPLAN is a fixed-price model, so it cannot directly estimate the effects of price changes. If you have external estimates of businesses' and households' reaction to a price change, you could use IMPLAN to estimate the effects of the changed behavior. To illustrate, IMPLAN cannot tell you how a business would react to an energy price change, but if you knew that a business (or an industry or household, etc.) would buy more energy, buy less of some energy substitute, hire more people, and so on, and in what amounts, you could model those effects in IMPLAN. Looking over this forum discussion may be helpful: https://implan.com/index.php?option=com_kunena&func=view&catid=80&id=16798&Itemid=35