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Regional economic importance of projects, firms and sectors

How much does a project, a firm or an economic sector contribute to value added and employment in a region? How much does a region depend on a project or a sector? How well is a project or a sector integrated into the regional economy?

 

Input-output tables describe the economic linkages and dependencies among sectors in a region. The regional economic importance results from the direct employment and value added effects. A sector, project or firm also influences the regional economy through its economic linkages with other sectors (through purchasing inputs or through the consumption expenditures of employees). Input-output tables also allow us to calculate how much value added and employment in a region change if the demand for goods and services in a sector changes, if a planned project is implemented or if a new firm is established.

 

Practical examples:
 

"Man weiss nie, was daraus wird, wenn die Dinge verändert werden. Aber weiss man denn, was daraus wird, wenn sie nicht verändert werden?"
Elias Canetti, Schriftsteller


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