Practical input-output modeling: predict economic impacts
Because individual businesses and entire industries are connected in a complex web of interdependent relationships, regional planners can never afford to make decisions based solely on changes affecting a single employer or industry sector. Any changes in one will have very real ripple effects not only on suppliers but also indirectly on local businesses that depend on the spending of affected employees. How will these indirect effects be addressed by the region’s government agencies, economic development council, workforce board, and community college?
Download the full document (PDF): Practical Input-Output Modeling
