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IMPLAN Blog

Translating Real-World Survey Results into an Economic Impact Analysis

Posted by Tim French on March 21, 2019

Ever since the likes of IBM’s Watson, Google Trends, and Bloomberg Terminal emerged, data-driven decision making shifted from fad to fixture in the business world. But the fundamental shift that big data made in the world of research didn’t change which questions to ask, but rather how we ask those questions. Or, as Douglas Adams might say, you need to really know what you’re asking before you switch on Deep Thought.

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Topics: Data, Economics, Technology, Methodology

Why Selecting the Right Sector or Commodity Matters: Modeling with Margins

Posted by Tim French on March 6, 2019

No two sectors (or businesses) are alike. One fundamental differentiator is that some sectors make goods and some sectors distribute goods as a service. This simple but substantial distinction can significantly affect the quality or range of your results while modeling economic impacts.

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Topics: Data, Economics, Technology, Methodology

Economics of E-Scooters (Part 2): E-Scooter vs. TriMet Net Analysis

Posted by Tim French on February 26, 2019

Barely more than a year ago, e-scooters suddenly flooded city streets across the country. But their presence wasn’t always met with enthusiasm. Antagonistic cities and towns cited public health concerns, street congestion, and even harassment as cause for banning the popular short-trip transportation option altogether.

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Topics: Data, Economics, Technology, Methodology

Economics of E-scooters (Part 1)

Posted by Vanessa Remmers on February 15, 2019

When scooters swooped into Richmond, Virginia overnight last August, battle lines emerged just as fast. Like other cities where the electric, dockless flock cropped up with little to no warning, some decried while others praised the newcomers. Several groups of residents urged government leaders to roll out the welcome mat instead of red tape, but politicians voiced concerns about safety as they issued directives to squash the permit-less scooters.  

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Topics: Data, Economics, Technology, Methodology

Multi-Region Input-Output Roundup

Posted by Tim French on January 28, 2019

There are several advantages to using MRIO in place of traditional single-region input-output analysis techniques. Mainly, MRIO exposes the connections and dependencies between regional economies by allowing individual regional identities to be maintained as a part of a broader regional analysis. In IMPLAN, results are filterable so that in an MRIO analysis, the incoming trade to a region can be isolated from or aggregated to the local impacts of the larger surrounding region.

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Topics: Data, Economics, Methodology

Our 5 Most Popular Blogs of 2018

Posted by Taylor Johnson on January 7, 2019

2018 is over.

2019 is here.

Honestly, where did the time go? It seems like just yesterday we were conversing about the 2016 IMPLAN Data Release Notes, discovering why robots aren’t actually killing jobs, and surviving the hurricanes by exploring the history of hurricanes in North Carolina.

Seriously, it has been a year to remember here at IMPLAN. These past 12 months we experienced growth internally and externally and found inspiration in every direction we looked. In that time we have also published more than 30 articles on our site, with a few standing apart from the others.

Which blogs stood apart from the others? The ones people felt inspired and intrigued by the most? Here are the 5 most popular blog posts of 2018 on the IMPLAN Blog:

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Topics: Data, Economics, Methodology

Satellite Accounts: Not All Impacts are Economic

Posted by Vanessa Remmers on December 27, 2018

We talk a lot about economic impact analysis here but the question of economic impact is only one part of a multifaceted reality.

Researchers at the Michigan Department of Transportation had a different type of question. They didn’t want to just know about the jobs that could be created from constructing trails. They didn’t want to just know about tourism and retail spending that comes when people ride bikes or walk on those trails.

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Topics: Data, Spotlights, Economics, Methodology

New IMPLAN Data Year Now Available (Plus Release Notes)!

Posted by Jenny Thorvaldson on December 6, 2018

Data season has finally come to a close which means that the latest IMPLAN Data Year is now available! Here's what's new in this data release:

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Topics: Data, Press Release, Economics, announcement

Economic Impact Modeling Just Got a Whole Lot Smarter

Posted by Tim French on November 19, 2018

The concept of input-output analysis was theorized nearly a lifetime ago. But input-output modeling as we know it today has advanced in fits and spurts through an infancy that has lasted nearly 40 years. The latest advancement in technology and methodology is going to propel economic impact modeling into the future.

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Topics: Data, Spotlights, Economics, Technology, Methodology, announcement

A Brief History of Input-Output

Posted by Vanessa Remmers on November 1, 2018

Late in the summer of 1949, Wassily Leontief fed the 25-ton computer the last of the stiff paper punched with precisely-placed holes. The machine at Harvard University now had hundreds of thousands of data points about the United States economy.

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Topics: Data, Spotlights, Economics, Methodology

Why IMPLAN?

Put simply, IMPLAN is built for everyone.

With IMPLAN there are no black boxes. All of the background data used to create your personalized input-output models can be viewed and customized to reflect your Study Area. So now, what used to take economists weeks can be done in minutes. By anyone!

Reasons why IMPLAN is the best choice:

  • Easy to learn
  • Easy to use
  • Outstanding customer support
  • Instills confidence in your analyses

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