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Deflators

andrew-macbride

November 20, 2015 16:59

Do output and GDP deflators apply to all models? I have an Institutional Spending Pattern model looking at household spending in which I cannot tell if Output and GDP deflators are being applied. If they do apply, is there a way for me to manually alter these deflators for certain event years? I am on a very tight deadline, so if someone could respond in short order, it would be much appreciated. Thanks, Andrew

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3 comments

IMPLAN Support
November 20, 2015 18:11

Hi Andrew! Output deflators are indeed applied to the coefficients in spending patterns - they are applied behind-the-scenes and don't show up by way of changed Event values. However, you can prove it to yourself by setting the LPPs to 100% and then clicking the "Preview" button - there you will see the deflated values and you will notice that the Sum of Event Values is no longer 1.00.

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andrew-macbride
November 20, 2015 18:21

Thank you for the reply. My analysis uses an Institutional Spending Pattern model looking at household spending out through 2045. IMPLAN event years only go out to 2030. How can I apply an event year after 2030 in this model? Thanks, Andrew

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IMPLAN Support
November 20, 2015 21:29

Hello, Per your proposed methodology discussed previously, we concur a nd would recommend deflating your 2045 Activity Level value to 2013 and then setting the Event Year to 2013.

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