linkedin 2 twitter 2

Improving Regional Economic Analysis: A Case Study

Input-output (I-O) analysis is an important technique used to estimate how changes in one sector of the economy affect employment, wages, and overall production in other sectors. An economist named Wassily Leontief developed the technique decades ago, receiving the 1973 Nobel Memorial Prize in Economic Sciences for doing so. Today, analysts customize national I-O “accounts” produced by the U.S. Bureau of Economic Analysis in order to study regional (sub-national) effects. These accounts describe how industries, households, and government exchange goods and services, and regional models, in turn, use this information to simulate the magnitude, direction, and timing of economic impacts. 
Continue reading
3091 Hits

Latest Blogposts

Twitter Feed (new)

Watch The Growth Of Cities Using 100% Renewable Energy
Could a gondola system be coming to Boston’s Seaport District? via @BostonGlobe
EDR Group's Paul Bingham Quoted - Los Angeles Enters Port Driver Misclassification Battle