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Input-Output (I-O) Modeling Tools: What's the Difference and When to Use Them?

Presenter(s): Charles Goodhue, Eastern Research Group, Inc. (ERG), Economist Sponsor(s): NOAA's Central Library (NCL) and Performance, Risk, and Social Science Office (PRSSO) Abstract: What is an economic impact and contribution analysis? How is it different from benefit cost analysis? How do we communicate and frame the results? What tools do I have to perform this type of analysis, and when should I use each tool? These are all questions we will explore to help economists, project managers, and other folks understand how these analyses and tools can best be used to help inform decision making. Keywords: Economic Impact and Contribution, Input-Output Modeling Tools Bio(s): Charles Goodhue is a Senior Economist and Project Management Professional (PMP) with Eastern Research Group. Over the past 15 years, he has led over 50 economic analyses related to the marine economy or resilience for clients who have included NOAA, FEMA, USACE, EPA, NIST’s Community Resilience Group, and state and local governments. He has incorporated input-output modeling into a number of these projects bringing experience using I-O tools such as REMI, IMPLAN, and BEA’s RIMS II multipliers.