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maria_lucas

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Latest activity by maria_lucas
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    maria_lucas created an article,

    Economic Effects Measured by Input-Output Analysis

    Input-Output (I-O) Analysis is designed to predict the ripple effect of an economic activity by using data about previous spending. Production in a given Sector in an economy supports demand for pr...

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    maria_lucas created an article,

    The Output Equation

    INTRODUCTION: IMPLAN defines the total annual production value of each Sector or Commodity as Output. Output is in producer prices and includes net of inventory changes. To understand how definitio...

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    maria_lucas created an article,

    Gross Absorption

    The percentage of Output that goes to the purchase of a given Commodity. Total Gross Absorption is percentage of Output that goes to the purchase of all Intermediate Expenditures.  

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    maria_lucas commented,

    Hi Matt,You are absolutely correct in your breakdown of the modeling approach. And great catch! Yes, you should apply any adjustment made to Employee Compensation (made before running the model fro...

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    maria_lucas commented,

    Hi Matt, You are totally on track with your understanding. As for how to apply this adjustment to the model - it would be appropriate to reduce your direct labor income before your run the model wi...

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    maria_lucas commented,

    Hi Matt, What information do you have available about the spending necessary for these new oil and gas wells?  If the Sector exists in the Region where you are modeling the new wells, then you have...

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    maria_lucas commented,

    Hello again, Specifically all new construction sectors, sectors 52-61, are defined as investments, so you won't see any purchases to these sectors in any of the sectors' production functions.  You ...

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    maria_lucas commented,

    Hello, Thank you for your question!  By definition, drilling new wells is an investment; as such purchases to Sector 37 is not part of any industry production function (like new construction). Ther...

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    maria_lucas commented,

    Official comment

    Hello,  Great question. Direct Value Added is calculated most easily as Direct Output minus Direct Expenditure amount (or Intermediate Expenditures), as the Output equation is Output = Intermediate...

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    maria_lucas created an article,

    ABP: Analysis-by-Parts Using an Industry Spending Pattern Event with Labor Income Event(s)

    INTRODUCTION: Analysis-by-Parts (ABP) is a technique by which you can split the "stemming ripple effects" of an event into its individual impact components. Separating the pieces with Analysis-by-P...