Hello, I am currently working on updating a 2013 economic impact study in New York state for 2015. I have taken all of the 2013 inputs (in $2013) and escalated them based on inflation to $2015 and then ran the IMPLAN model using the 2013 NY state data set but with the model set to 2015 event/activity. However, my outputs are consistently 2-3% lower than the 2013 output. This strikes me as strange, since the 2015 inputs are all 2-3% higher than the 2013 inputs. I am wondering if this could be driven by changes to the underlying economic assumptions or data creation process in the data set from the data set that was used for the previous version of the study. Can anyone shed light on if that is the case or if that is even a feasible explanation for why my outputs are lower in spite of my inputs being higher? Thank you.
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