Analyst Input-Output Tool
The Ontario Ministry of Agriculture, Food, and Rural Affairs – in partnership with Economic Modeling Specialists International (EMSI) – is excited to announce the addition of a Canadian version of their Input-Output Modelling tool in Analyst.
Input-Output models map out linkages within an economy by tracing the connections between industries, households and government. This is done by tracking the flow of money between those entities within a geographic area (for more background on input-output modelling).
The new Analyst Input-Output module is an easy-to-use economic modelling tool that can help economic development practitioners to:
- Examine and describe the workings of an economy by determining key income-generating industries based on exports, jobs, wages and purchases made within the area.
- Predict the ripple (multiplier) effects of specific changes within a regional economy such as the addition of jobs or an increase in sales in a specific industry.
This tool allows users a number of additional benefits in the economic analysis of their communities, including:
- 6 NEW Reports and Data available: the Input-Output module will provide 6 new ways to analyze your community; 4 descriptive reports and 2 predictive reports.
- Similar functionality: If you’re familiar with Analyst, much of the functionality is still the same; your learning curve will not be steep in manipulating and this new set of data inside the tool.
- Accessing the Input-Output tool: Clients will be able to access the tool starting in March 2017.
This is the first in a series of blog posts on the new Analyst Input-Output tool. Click for more information on Analyst.