New Economic Modelling Tool

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:

  1. 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.
  2. 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.2

 

  • 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.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s