IMPLAN Pre-Conference

A Primer, How/When-To Guide, and Best Practices of Multi-Regional Input-Output & Contribution Analysis

This two-part session covers two key applications of the IMPLAN model, Multi-Regional Input-Output (MRIO) Analysis and Contribution Analysis. IMPLAN enables users to capture inter-regional effects as a result of trade and commuting across geographic borders via the MRIO feature, allowing impacts to be evaluated on a more granular, sophisticated level. Contribution Analysis is appropriate for analyzing existing industry activity. This session will cover:

• What are MRIO and Contribution Analysis
• When, why, and how to apply each of these analyses in IMPLAN
• Basic and complex applications of each analysis
• Best practices for interpreting and reporting results
• Framing Your Study: Best Practices in Scenario Development

This session will cover how to avoid common pitfalls when translating real-world scenarios into IMPLAN inputs and when reporting IMPLAN results as real-world impact estimates. This session will cover the most confusing factors of each component of framing an analysis – Where, When, Who and What, such as:

• Defining Output when modeling retail purchases and understanding Margins
• Determining when and why Local Purchase Percentages should be adjusted
• Analyzing and Reporting multi-year & short-term impacts
• Performing Net Analysis
• Capturing Opportunity Costs
• Avoiding double-counting

Refining Your Impact: Incorporation of Analyst Data and the Analysis-by-Parts Method

IMPLAN provides both the data and software necessary for regional economic impact analysis. When users have more specific data about the business or impact being modeled, the software enables such information to also be incorporated. This session will cover:

• Customizing Industry ratios via Advanced Events
• Modifying Spending Patterns
• Adjusting inputs and results to specify known in-commuting rates
• Calculating effective multipliers of modified industries
• Editing tax and profit to reflect non-profits and public institutions

Fiscal and Policy Analysis using IMPLAN: Interpretations of IMPLAN’s Tax Results and the Considerations and Limitations of Fiscal and Policy Analysis

While IMPLAN is a powerful tool for modeling production and spending changes, modeling policy and fiscal changes requires some assumptions and conversion into IMPLAN-compatible inputs. Covered in this session are important considerations when using IMPLAN to perform fiscal and policy analysis, including:

• Example fiscal and policy impacts that can be modeled in IMPLAN and the necessary steps
• Limitations of the model
• Ability to modify and/or effect the model to estimate the impact of the economic reaction
• to a tax and/or tariff change
• Understanding IMPLAN’s Tax Impact Report
• Options outside of IMPLAN for modeling fiscal and policy impacts

IMPLAN Q&A

• A sneak peek into some of the data developments currently underway, followed by an open Q&A session with several IMPLAN economists.