I am attempting to estimate the economic impacts on our local county from the federal child tax credit. I used ACS data to identify the number of families and children in each household income bracket, and then distributed the funds accordingly using IMPLAN's household income change activity for the appropriate income levels.
The results show only induced impacts, which is what I would expect. But I'm unsure exactly how to calculate the direct effects. I assume the direct effects for employment would be 0, since the additional income is not in itself creating any new jobs. But I'm unsure about the values I should use for labor income, value added, and output.
I appreciate your help,
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