Induced Spending Discrepancy
I am analyzing the IMPLAN Output based on annual new spending. For the previous year, I ran spending numbers using 2013 State Data and got the following Output: Direct: $42 M Indirect: $13 M Induced: $15 M Induced/Direct Ratio: 0.35 I ran [b]different but proportional[/b] spending numbers for this year using 2014 State Data and got the following Output: Direct: $55 M Indirect: $16 M Induced: $24 M Induced/Direct Ratio: 0.44 The Direct Output increased by 30%, but somehow the Induced Output increased by 60%. I expected a more direct relationship between different years of data for the same geographic area. Out of curiosity, I ran [b]the previous year's spending numbers[/b] in a model using 2014 State Data and got the following: Direct: $44 M Indirect: $13 M Induced: $19.5 M Induced/Direct Ratio: 0.44 It looks like the Induced Output is generally much higher with any inputs using 2014 State Data. What might explain such an increase in the Induced Output from year to year based on equivalent spending values? I would greatly appreciate any explanation or insight on what could cause different Induced Output.
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