Input-Output « EMSI | Economic Modeling Specialists Inc.

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To read Section V, click here Introduction Before you begin to conduct input-output analysis it is important to establish “boundaries” that in some sense reflect functioning economic regions.  Though at first the concept of “region” or “community” might seem obvious, defining one for economic modeling purposes is not always so easy. This section will therefore [...]

To read Section IV, click here Introduction Input-output has not been used to its maximum potential in economic development. Often it is merely a political tool that helps to justify incentives for recruiting and retaining specific companies in a region. By running impact scenarios and estimating multipliers, an IO model will tell you approximately how [...]

To read Section III, click here Introduction While the methods of conducting an IO analysis are straightforward, there are several common pitfalls that tend to overstate impacts, either because they fail to account for monies that leak outside of the region, or because they ignore monies that may be withdrawn or lost from the economy. [...]

To read Section I, click here A. Descriptive and Predictive Uses The practical uses of input-output are of two kinds—descriptive and predictive. In descriptive uses, the model simply informs users about the current regional economy: Which industries have how many jobs and how much in earnings What portion of an industry’s supply needs are likely [...]

To read the introduction, click here This paper is for regional workforce and economic development professionals, education providers, regional policy makers, and others with an interest in regional workforce and economic development.  Our first task is to introduce the study of regional economics in a way that is clear and relatively free of jargon. We [...]