Analysis of 2008 Investment

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3 comments

  • Official comment
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    Brian Barlow

    Hello,

    Thank you for reaching out. If you're using IMPLAN Online, our oldest available data set is 2010 and, unfortunately, we aren't able to offer an older data set in that tool. 

    We do have a utility called IMPLAN Pro (it's our legacy tool) which does offer the 2008 data but it would require purchasing that data set. IMPLAN Pro will eventually stop be supported as we re-platform but it is not subscription based so any purchases would be given to you permanently but each year is sold separately (i.e. 2008, 2009, 2010 etc are all sold separately). 

    The structural matrices aren't actually the IMPLAN data as it may seem. It's essentially a technical file that helps the various IMPLAN data talk to each other whenever building the model. It's more vital to the software than the actual hard data. It doesn't provide the IMPLAN numbers but provides the framework for those numbers to calculate in the software. 

    Thank you 

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    Easher

    Thank you. Just so I am clear on the explanation you provided, my understanding is that it would not be appropriate to build a model in IMPLAN using a 2010 dataset (or a dataset from a more recent year) available on IMPLAN Online to analyze the impacts of an investment occurring in 2008. Is this correct?

  • Avatar
    Brian Barlow

    Hello,

    My apologies for not elaborating more on that but it would not necessarily be inappropriate to complete a study for an investment in 2008 with a couple of caveats. 

    1) Please understand our data is released yearly so your impact will be reflective of the data year you've chosen. Naturally, you'd want to use 2010 data as it's the closest so of course the results would reflect the economy in 2010.

    2) It shouldn't be a problem for most sectors to complete a study in this way. The catch would be if you have a sector that you know experienced radical changes in your geography between 2008 and 2010 then it wouldn't be appropriate to complete a study as your results would be skewed. 

    3) If you choose to run your impact with 2010 data, you can always change the event year to 2008. However, it's important to note that changing the event year simply applies a linear deflationary value to the 2010 data.... you'll have 2010 data and results still but in 2008 values. 

    So essentially, yes, you are welcome to run the impact with 2010 data assuming the industry didn't experience dramatic changes between 2008-2010.

    Thank you!

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