Problems with 2013 county data for New York

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    IMPLAN Support
    Hi Alec, While Personal Income includes only positive elements (please see this short paper for the items included in Personal Income: https://implan.com/index.php?view=download&alias=232-money-income-vs-personal-income&category_slug=version-three-files&option=com_docman&Itemid=1480), GRP includes OPI and TOPI, which can be negative for some sectors in some years. As you can see in the attached spreadsheet, the raw data for NY show negative OPI for a number of BEA sectors, most of which are distributed to more than one IMPLAN sector. Please see this webpage for more on how we calculate OPI and please let us know if you have additional questions or concerns: http://implan.com/index.php?option=com_content&view=article&id=641:641&catid=259:KB37. [attachment=603]NY_NegativeOPI.xlsx[/attachment]
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    alecv69j
    Thanks for the spreadsheet. I understand that certain industries can have negative OPI and TOPI. I have run across that many times before. However, if you look at the screen shot that I attached, you will see that total personal income exceeds total GRP, even though total OPI and and total TOPI are positive. That's not possible. Please advise.
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    IMPLAN Support
    Hi Alec, Your instinct is right on about Personal Income not exceeding GDP, but this 'rule' really only applies at the U.S. level due to the following reasons: 1) not everyone lives where they work (Employee Compensation is workplace-based, while Personal Income is residence based), 2) the Federal government may make more payments to a particular state or county than it receives in revenue from that state or county, and 3) likewise, State governments may make more payments to a particular county than it receives from that county. I hope this explanation helps. Thanks!
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