Regional Input-Output Models

I-O analysis provides a comprehensive economic framework that is extremely useful in the resource planning process, particularly at the state and sub-state levels. Broadly, there are two ways in which the standard input-output method can be used.

• Input-Output Table: provides a numerical picture of the size and shape of the economy and its essential features. The input-output transactions table can be used to describe some of the important features of an economy, the interrelationships between sectors, and the relative importance of the individual industries.
• Input-Output Model: provides a standard approach for the estimation of the economic impact of a particular activity. The input-output model is used to calculate industry multipliers that can then be applied to various development scenarios.