YourPlace IO
The region specific input - output tool which answers 'what if' scenarios to strengthen the quality of regional economic planning.
National Economics has pioneered the development of region specific input-output tables with the creation of YourPlace-IO.
YourPlace-IO makes possible the analysis of the impact of new investment proposals and the contraction of local industries on the local economy.
The input-output multipliers are important tools for analysts and provide a way of answering some of the questions often asked by economists and managers. These queries tend to arise because of the types of 'what if?' analysis for which input-output tables can be used.
An example is, what would be the impact on employment of an x per cent change in output by the chemicals manufacturing industry? Using input-output tables, multipliers can be calculated to provide a simple means of working out the flow-on effects of a change in output in an industry on one or more of imports, income, employment or output in individual industries or in total.