Differences between PCE and household consumption

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    IMPLAN Forum
    Hi Dan! Thank you for your forum post. Would you mind providing us with additional information as to where you are seeing this value and/or you could also send us your model. You can email it to info@implan.com I have included two articles below which describe how we create the spending. http://implan.com/index.php?option=com_content&view=article&id=288 http://implan.com/index.php?option=com_content&view=article&id=380 Thanks!
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    Dan Martin
    Sure. I'm comparing the BEA PCEs in, for example, table 2.3.5 here: http://www.bea.gov/iTable/iTable.cfm?ReqID=9&step=1 with the household spending for the 2014 national model in the online software, i.e. the total of the Household column under Model Overview -> Social Accounts -> Institution Local Commodity Demand. I know it's possible to translate the BEA PCE's into NAICS sectors using their bridge table, and then I could compare these line by line with IMPLAN. But right now I'm just trying to understand the aggregate numbers--since they're $700 billion off, there must be important definitional differences. I will email this as well.
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    IMPLAN Forum
    Hi Dan, As you can see in the Model Overview GRP section the Household Final Demand in the Model is 11.9BB. You can duplicate that number (and thus see how it is derived in the Study Area Data>Household Commodity Demand sheet as this sheet represents Gross Demands. The Social Accounts -> Institution Local Commodity Demand shows the value of demand that can be provided locally, or in this case because it is the U.S. Total file, domestically. The difference you are seeing is the Household Demand met by foreign imports. Hopefully this helps --Implan Support Staff
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    Dan Martin
    Thanks! I knew there was something I wasn't getting, and that's exactly the sort of thing it was sure to be.
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