Dear Moderator, I have a question regarding Multiplier specification for economic contribution/impact analysis. As we know, IMPLAN considers households (>10k-150k+) as default institutions and others such as: federal governments’ defense or non-defense, state/ local government education or non-education, enterprises, capital, inventory etc. are not checked in by default. I know that inclusion or exclusion of any of those institutions makes large differences in the results.This is particularly true for state level analysis. Therefore, I am curious to know the theoretical reasoning on why we should or should not consider including some or all of those. If we should not be, then why IMPLAN even provides this option. I will really appreciate if you could provide real world examples to clarify this issue.
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