Input/Output (I/O) analysis can seem a little scary. Often, users approach it as “It’s asking me to change my economy? What do I know about changing my economy?” In actuality, making changes in I/O allows you to ask low stakes “what if” questions of your economy.
I/O measures the impact of industry change on the regional economy. In the simplest possible application, you add jobs to a region and then see how those job additions encourage job-growth in other industries. There are a number of other operations which I/O facilitates, such as deleting jobs, or measuring the full impact of a given industry on the region. But adding jobs to a region is the simplest thing we can do with the tool.
You might add jobs because you want to see the effects of a new employer entering the region, or those of a previously existing employer’s expansion. This would help you to demonstrate value as you support changes in the regional economy.
Here’s the video:
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