The Event Options menu provides the ability to modify and view data related to the Event:
EDIT EVENT PROPERTIES:
The Edit Event Properties menu allows you to edit the following 5 (five) properties:
Event Year: The year that your Direct impact is occuring in; this is the year of the value of the dollar being entered into the Event.
Click on the desired year. The selected Event Year will be demarcated with a check mark. The software properly adjusts the Event Year (deflators) applied to the value field.
It is important to note that the Event Year needs to be in place prior to any values entered into the Input fields. If the Event Year is edited after you have entered an Input or a Final Demand value, the following warning will be prompted:
The default year is the year of your computer's clock, unless you have reset this value in User Preferences.
Additional Notes about Event Year:
- Event years are restricted to extrapolation to 2030 because of Bureau of Labor Statistics projections. While projecting further than 2030 is not advised, we recommend to not project out more than 5 years; you can extrapolate out past 2030. This is done by estimating and changing the deflator values, discussed in the following sections.
- Once an Event Year has been changed, subsequently created Events within the same Activity will have the new Event Year. Events occurring in multiple individual years will need to be set manually and ideally should be modeled in separate Activities. If Events are occurring in the same year, already created, and not occurring in the default year, use the Change All feature.
Output Deflator Value: converts the Industry Sales value to the year of your model's dataset. Output Defaltors are specific to each industry. The Output Deflator value can be found as shown below:
When the Event Year is set to the base year of the data, the Output Deflator Value is equal to 1.000 for all Industries and Commodities.
To edit the Output Defaltor value, single click on the Output Deflator value field (see Output Deflator Value field from the screen capture above).
Type the new deflator value into the field, click OK when complete.
GDP Deflator Value: converts the Value-Added value to the year of the dataset. The GDP Deflators are the same across industries. The GDP Deflator value, based on the selected Event Year, can be found here:
As with Output Deflators, when the Event Year is set to the base year of the data, the GDP Deflator will be 1.000. To edit the GDP Defaltor value, single click on the GDP Deflator value field (see GDP Deflator Value field from the screen capture above).
Type the new deflator value into the field. Click OK when complete.
Margins: in certain instances margins may need to be applied to Industry or Commodity sales when the item is purchased from a retailer or wholesaler. Although margins may be applied, they are not visible in the Events field. By default margins are not applied. To apply margins, click Yes.
Margins will be applied to the highlighted Event, and the field will close if the selected sector has margin information. If the Sector cannot be margined, a Margin Error will occur, and no margins will be applied.
Margined Values may be viewed in the Margin Editor or in Preview, on the top right corner of the Setup Activities screen. Once margins are applied to an appropriate sector, the Edit function will be made available in the margin menu. Click Edit to view how margins are applied across sectors and to see the value that will be applied to your Direct Effect.
Margin values may be changed in the the Edit Impact Margins screen by clicking into the Margin field for the appropriate sector. Values must be entered as decimals. If whole number values are entered, the software will indicate the error with a red exclamation point.
When a margin percentage is changed, the associated dollar value will automatically update and the field will be marked with a fixed check mark. Once changes have been made, you will need to Re-Balance the Edit Impact Margins screen. It is important to ensure that in addition to your altered values, any values you want to remain unchanged are fixed. Once all appropriate values are marked with a check, then click Re-Balance and Save.
Changes may also be made to the Local Purchase Percentage (%Local) and the Deflator Value of the margined Industries or Commodities in this screen. Like the margin field, these values must be entered as decimals. If the value entered into the Deflator or Local Purchase Percentage field is not a decimal, No error is indicated.
When all changes are complete, click Save. The window will shut down returning to the Setup Activities screen. To return to IMPLAN generated values, click Save.
Local Purchase Percentage: The amount (%) of the value of impact event (usually "industry sales") that will be applied to the regional multipliers. By default Local Purchase Percentage (LPP) is set to 100%. The LPP value modifies only the final demand value entered into the Event value field. For most studies, this will remain at 100% because all the final demand value is being purchased within the Study Area. Please remember the LPP and Regional Purchasing Coefficients (RPC) are not the same.
Set to 100%: All LPP values are calculated assuming that purchases of final demand are sourced within the Study Area.
Set to SAM Model Value: LPP percentage is set to the local Study Area Social Accounting Matrix values.
User LPC: Customize the Local Purchase Coefficients by entering a decimal amount for each Event.
LPP values will need to be set for each Event that differs from the default selection, unless all Events in an Activity follow the same pattern. For Events that will all have the same non-default LPP type, use the Change All features shown below.
The Change All menu option is used to set all Event properties in a single Activity to the same descriptive values.
Event Year: The year that your Direct impact is occurring in; this is the year of the value of the dollar being entered into the Event. Change All changes the Event Year for ALL Events within a single Activity. Event years occur between 1985-2030. Event years are restricted to 2030 because of Bureau of Labor Statistics projections. Extrapolating past 2030 can be done by estimating and changing the deflator values.
Local Purchase Percentage: : The amount (%) of the value of impact event (usually "industry sales") that will be applied to the regional multipliers. By default Local Purchase Percentage (LPP) is set to 100%. Change All sets all Event values in an Activity to one type of Local Purchase Percentage.
Set to 100%: : Sets all Events to show 100% LPP values (this is the default setting for each Event).
Set to SAM Model Value: Assigns LPP percentage to the local Study Area Social Accounting Matrix values.
User LPC: Sets the LPP values for all Events in the Activity to a single user assigned value between 0 and 1.
The Show menu option will give you additional information related to the Event. Items currently being displayed will appear with a check mark to their left. Unlike other fields, multiple Show features can be selected simultaneously. Single click any of the items on the menu to display that item. Click on it again to hide the field.
Employment: A job in IMPLAN is an average annual head count. A job can be either full-time, part-time, or seasonal. When a value is entered into Industry Sales, an Employment value is automatically generated and is visible when this field is selected.
Those working with job numbers, rather than Industry Sales values, can use this field to model impacts based on employment changes. When a number is entered into the Employment field, an Industry Sales value will be generated.
This integral relationship between Employment and Industry Sales is based on the output/worker values for an Industry Sector. Because of this relationship, Industry Sales can always be edited, but once a value appears in the Employment field, it cannot be altered without creating a Custom Event (the exception to this is set Industry Sales back to 0. This resets the Employment value to 0, allowing for correction of mis-entered employment values). Entering a value into both fields changes the mathematical functions the IMPLAN software uses to perform output per worker and other value/employment calculations. Most users will NOT want to change the production functions. For those users needing to edit these values, this is creating a Custom Event.
Negative employment values display with a negative (-) sign.
Labor Income: All forms of employment income, including Employee Compensation (wages and benefits) and Proprietor Income. The two components of Labor Income include: Employee Compensation and Proprietor Income. These fields will automatically populate when an Industry Sales value is entered or will populate the remaining fields when a value is entered into either field while the other fields have a 0 value.
Because of the integral relationship between Employment, Employee Compensation, Proprietor Income, and Industry sales:
An Industry Sales value can be edited and will automatically update the remaining values. However, once an initial value other than Industry Sales is entered, the remaining values cannot be edited without changing the production function.
Changing the Industry Sales value to $0.00 resets the remaining fields to 0. From here, a new value can be entered into the selected field without altering the production function.
Entering a value into both fields changes the mathematical functions the IMPLAN software uses to perform output per worker and other value/employment calculations. For those users needing to edit these values, this is creating a Custom Event.
Event Year: The year that your Direct impact is occurring in; this is the year of the value of the dollar being entered into the Event.
Selecting Event Year displays not only the Event Year field but also the Output Deflator (for Industry and Commodity Activity Types only) and the GDP Deflator (for Industry, Labor Income and Household Spending Activity Types).
The information in the fields for Event Year, Output Deflator and GDP Defaltor can be modified: Event Options> Edit Event Properties.
Local Purchase Percentage: : The amount (%) of the value of impact event (usually "industry sales") that will be applied to the regional multipliers. By default Local Purchase Percentage (LPP) is set to 100%. As a note, LPP and Regional Purchasing Coefficients are not the same.
Hide all: hides the Employment, Labor Income, Event Year, and LPP.
Sector Search: Launches the results based on the keyword search. This can also be found in the Software when a Model is opened Help Menu > Sector Search.
Ensure that the correct Event is selected with the arrow before selecting this button, as the highlighted Sector will be updated to the selection made in this screen.
To group the Industry Codes so that the same Sector numbers are together, click on the Industry Code heading. Click again for descending order and once again to sort in ascending order.