2005 United Kingdom Data

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    IMPLAN Support
    Hi. That is not unusually high and in fact is very close to the U.S. value for jobs/pound. For our latest U.S. model, the impact is 9.1 jobs per $1 million. At roughly 1.5 dollars to the pound, that makes it really close. Remember, you are looking at all rounds of the induced effect - so not just the workers at the restaurants, retail shops, etc. where households spend their money, but also the workers at the businesses that supply those restaurants, retail shops, etc. with inputs that go out and spend their wages on things. Thanks!
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    ECONorthwest
    Ok. Thanks, that makes sense that it would be larger given the big geographic area and exchange rate. So, my next issue is that I ran the exact same scenario for the France model, and wound up with an induced job number of 3.6. Any reason this is so much smaller? Could it be because of the interconnectedness between countries within the EU?
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    IMPLAN Support
    Indirect multipliers are a function of the extent to which the input to exogenous final demand are produced locally. If France produces this output with input primarily from Germany then the indirect effect will be much smaller. The globalization of the supply chain is responsible for just such an effect--in the U.S. as well. If you want, one way to compare this between UK and France is to look at the RPCs found under the [url=http://implan.com/index.php?option=com_content&view=article&id=548:548&catid=235:KB18]Customize>Trade Flows sheets[/url].
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