Economic impact multipliers for the Irish economy

Tuesday, February, 2014

The Central Statistics Office (CSO) has recently published (28 January 2014) the latest Supply and Use Tables and Input-Output Tables for Ireland, which pertain to the year 2010.  

The newly published CSO data provide a symmetric input-output table of domestic product flows for over 50 sectors of the Irish economy (agri, manufacturing and services) and can be used to derive economic impact multipliers to assess the knock-on effects of various stimuli to the Irish economy – for example, a new investment, higher demand, increased tourism spending etc.  Such multipliers can also be used in cost-benefit analysis (CBA).

PMCA Economic Consulting has analysed the new data and has confirmed the CSO’s Type I output multipliers, which show the effects on the value of output from an increase in final demand in the economy.  We have also confirmed the CSO’s Type I income and gross value added (GVA) multipliers and have estimated the Type I employment multipliers plus the Type II output, income, GVA and employment multipliers for each of the sectors. 

Type I multipliers capture the indirect (intermediate-supply chain) effect as well as the direct impact of a given stimulus, while Type II multipliers go further and also include the effect of increased spending by households as a result of a stimulus.  The Type II multipliers are not produced by the CSO.

If you are interested in conducting an economic impact study and/or wish to contact PMCA in this regard, please use the contact facility on the homepage or ring the office (01 234 2507) or you can contact Dr. Pat McCloughan by email on pat@pmca.ie.

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