Understanding Multi Regional Input Output (MRIO) - IMPLAN Webinars

May 2024 - Economic activity rarely respects political boundaries. This webinar provides a comprehensive guide to Multi-Regional Input-Output (MRIO) analysis, the powerful IMPLAN feature that allows you to trace economic ripple effects across counties, states, and custom regions. Join IMPLAN's Director of Education Services, Angela Slovachek, for a deep dive into the theory and practice of MRIO. Learn how MRIO differs from a single-region analysis by capturing economic leakages like inter-regional trade and commuting. The session covers the data behind the model, best practices for setting up your own MRIO project, and a live demonstration showing how to analyze the spillover effects of an event in one region on its linked neighbors. TIMESTAMPS / CHAPTERS: 0:00 - Introduction 4:00 - The Basics of Estimating Economic Effects 7:00 - Understanding Economic Leakages in a Single-Region Model 11:00 - What is Multi-Regional Input-Output (MRIO) Analysis? 14:00 - How MRIO Captures Economic Leakages (Trade & Commuting) 18:15 - The Data Behind MRIO: Trade Flows & Commuting Data 24:45 - MRIO vs. Single-Region vs. Combined Regions 29:00 - Why You Shouldn't Use a "Mock MRIO" 30:15 - Best Practices for Setting Up an MRIO Analysis 34:00 - Interpreting MRIO Results Using Filters 36:45 - Live Demonstration in IMPLAN 37:30 - Example 1: A "Failed" MRIO (Forgetting to Check the Box) 38:45 - Example 2: Analyzing an Industry Across Custom Regions in Louisiana 42:45 - Example 3: Linking Washington D.C. and Arlington, VA 45:00 - Conclusion & Q&A WHAT YOU'LL LEARN: The fundamental concepts of Multi-Regional Input-Output (MRIO) analysis. How an MRIO analysis captures economic leakages from inter-regional trade and commuting that are missed in single-region studies. The difference between an MRIO study and an analysis using a simple combined region. Best practices for setting up an MRIO project, including defining regions and applying the correct settings. How to use filters to interpret the results and isolate the spillover effects in your linked regions. ABOUT IMPLAN: IMPLAN provides the most trusted economic impact analysis software and insights in the U.S. Our platform allows economists, planners, and analysts to quantify the entire economic impact of any project or policy in minutes. Learn more about IMPLAN: https://implan.com/ Request a Demo: https://implan.com/demo-request/ Subscribe for more expert insights:    / @implancloud   #IMPLAN #MRIO #EconomicImpact #RegionalAnalysis #SupplyChain