Industry Events- Indicates that you know what industry or industries are experiencing the change in production and you are interested in targeting those specific industries.
- There are four different types of Industry Events:
- Industry Output
- Industry Employment
- Industry Employee Compensation
- Industry Proprietor Income
- These four Industry Event Types represent each value that can be entered into a single Industry Event. Picking among the 4 types should be determined by which value you have available about the industry.
- When more than 1 value is known, those additional values can be entered in the Advanced Menu.
Industry Contribution Analysis Events - Industry Contribution Analysis is a method used to estimate the value of a Sector or group of Sectors in a region, at their current levels of production, rather than estimating the value of a change. While the focus of the analysis still looks at backward linkages, the purpose of this analysis differs. When considering the Indirect and Induced Effects of an impact analysis, we are looking at how industries in our region will respond to a change in the key industry or industries being modeled in our Events. Contribution analysis shifts this framework to see what industries and what level of production in these industries is being supported by the current activity of the target Sector or Sectors in the region. Contribution Analysis is a unique method which affects a constraint upon the Model by removing feedback linkages or buy backs to the Industry being analyzed.
Find more information about Industry Contribution Analysis here to learn more and determine if an Industry Contribution Analysis Event is right for your study.
Commodity Output Event - You would use if you knew there was a change in commodity demand or production but didn't know what Industry or Institution (e.g., government) would meet the demand. For example, you know there will be an increased need for nursing home-care in the region because of an aging population, but you don't know what the mix of private hospitals, nursing homes, and government hospitals will provide this need.
Labor Income Event - This Event type is appropriate if you'd like to model a change in labor payments isolated from Industry production- e.g. examining the impacts of a wage increase for current employees.
Total Labor Income should include all new labor payments in the Study Area-
New income for all workers in the region even if they don’t live there (local workers and in-commuters), including their -
i. Payroll tax
ii. Personal tax
Note: the model will automatically deduct in-commuting income, payroll tax, personal tax, savings, and imported goods and services. All payroll taxes stay in the location of the employment. That is, only commuters' post-payroll-taxes-income is deducted.
With a Labor Income Event, you can specify whether the income is earned by wage and salary employees or sole proprietors (or some combination of the two) but you cannot specify the specific household income categories receiving the income— after deductions, the remaining income is distributed across all household income groups according to the household column totals in the SAM. At this point the income is applied to the income group specific multipliers.
Household Income Event - This Event type is appropriate if you'd like to model changes in Household Income that are independent of production and payroll.
Total Income should include all new household income in the Study Area-
New income for all residents in the region, including their -
i. Personal tax
Note: the model will automatically deduct personal tax, savings, and imported goods and services. The model assumes payroll tax and in-commuting income has been excluded from your total income entry. Benefits should be included as household income in your entry.
The leftover amount after deductions is then applied to the multipliers. In this case, you can specify the particular household income group(s) receiving the income.
Spending Pattern Events- Industry Spending Pattern events are appropriate if you have the data required to build your own spending pattern for what your specific Industry purchases or when an Industry's Output equation ratios need to be modified beyond the Event customization available in an Industry Event. This is highly useful for making an IMPLAN Sector more specific to your business/impact using Analysis-by-Parts.