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IMPLAN Blog

Striking a Balance Between Fidelity, Transparency, and Expediency in Economic Data

Posted by Tim French on August 15, 2018

Economists use the name “IMPLAN” to refer to both the company’s software and data. The impact analysis data takes the software and company as its namesake (distinct from IMPLAN’s CEW, Occupational Employment and Compensation Matrices, and other data products) mainly because, though fastidiously true to its sources, the data in form and function is ultimately unique to the economic impact modeling world.

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Topics: Data, Methodology

2017 CEW Data Now Available!

Posted by Tim French on August 9, 2018

IMPLAN’s economists have completed our newest Census of Employment and Wages (CEW) data set which is now available for purchase. A lot of work goes into delivering the best, most detailed CEW data out there. And since we have CEW data for all counties for all years back to 2001, it makes for fantastic statistical and trend analysis for anyone wanting to look deeper into the U.S. wage and salary business sphere.

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Topics: Data, Press Release, Economics, announcement

Making Sense of Tax and Tariff Impact Analysis

Posted by Tim French on August 6, 2018

Taxes and tariffs have resurfaced in the last few months and are at the forefront of the nation’s attention. Rumors of trade wars and threats of economic sanctions fly around the globe faster than Garfield can devour a lasagna. Historically, governments have used taxes and tariffs to stimulate or throttle markets to achieve a desired economic state of balance.

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Topics: Data, Economics, Methodology

Examining the Importance of Storytelling in Analyzing Economic Impacts

Posted by Nasera Kaouss on July 23, 2018

The Value of Storytelling in Business

If you have kids or if you ever were a child (so everyone), you inherently understand the value of storytelling. Storytelling has been used as a very effective learning device for years. From teaching children social and language skills to formal education for adults, storytelling is used as a means to communicate all ranges of ideas.

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Topics: Data, Economics, Nonprofit, Funding, Methodology

Decoding Economic Impact Analyses in the News

Posted by Tim French on June 21, 2018

Newsprint, unlike your average algebra quiz, leaves little room for showing your work. But that doesn’t mean that you have to give partial credit to every large sum that’s inked across page A1. Fortunately, there are a few easy tricks you can rely on to suss whether those impressive economic numbers are fact or fake news.

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Topics: Data, Economics, Methodology

Is Your World Cup Half Full or Half Empty?

Posted by Nasera Kaouss on June 14, 2018

I’m sure you’ve heard the cliche “it’s too good to be true?” Well, hosting the FIFA World Cup is too good to be true.

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Topics: Events, Economics

Interpreting Employment Impacts

Posted by Tim French on June 7, 2018

There are nearly as many different types of jobs as there are menu items on Starbucks' ever-changing menu. Naturally, counting them all up into one unified number in the results of an impact analysis grossly under-represents the diversity and dynamism of any given region’s workforce. But it’s possible to look at the unique job taxonomy of a region while still appreciating the big picture. Here are a few key job-related details to consider when interpreting employment impacts:

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Topics: Data, Economics, Methodology

Here Comes the Sun: The Recent Impacts of Shifting US Energy Production

Posted by Adam Smith on June 1, 2018

America has had a long and sometimes troubled relationship with its energy sources—it’s not just your imagination. A lot is said nowadays about the rise in renewable energy and the downfall of traditional fossil fuels. But when it comes to making the switch to solar or other renewable energy sources, the United States might be torn between two lovers. But don’t give up on us—despite the storied history, there’s still a lot of road ahead.

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Topics: Data, Economics, Energy

Validating Updates to IMPLAN's Gravity Model

Posted by Ross Conroy on May 25, 2018

Recently I sat down with IMPLAN economist, James Squibb, to discuss his recent paper acceptance at the upcoming International Input-Output Association (IIOA) conference in Brazil this June. This paper, an extension of Incorporating Port-Level Foreign Trade Data into IMPLAN’s Gravity Model to Estimate Region-Specific Foreign Trade Rates published in 2017 by James and Jennifer Thorvaldson, attempts to validate the reliability of the new gravity model updates. Here is what I learned.

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Topics: Data, Economics, Methodology

Louisiana: Where Ecology and Economy Meet

Posted by Tim French on May 18, 2018

There’s a saying in the office here at IMPLAN that goes something like “our clients are often way more creative than we are at finding ways to use the software.” That’s never been more true of the Rand corporation in their collaboration with the Louisiana State University in their joint 2-year research project “Economic Evaluation of Coastal Land Loss in Louisiana” which was commissioned by Louisiana’s Coastal Protection and Restoration Authority in December of 2015.

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Topics: Data, Economics

Why IMPLAN?

Put simply, IMPLAN is built for everyone.

Together, our software and data give you a window into your region of study — like one gigantic transaction log for the local economy. Chances are that if your project or business has a financial component, then IMPLAN can reveal some sometimes surprising detail about how your project relates to the local, state, or national economy.

What used to take economists weeks can be done in minutes. By anyone!

But you're not alone, IMPLAN's best benefits go beyond the work done in the tool:

  • Easy to learn and use
  • Outstanding customer support
  • Access to orientations, trainings, and project consultations
  • Instills confidence in your analyses

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