Economic multipliers are used to assess the impacts on the economy of an exogenous change in final demand or output of a given industry. Impacts are estimated in terms of total output, gross...
Description
Economic multipliers are used to assess the impacts on the economy of an exogenous change in final demand or output of a given industry. Impacts are estimated in terms of total output, gross domestic product, employment and labour income. These multipliers reflect the structure of the Alberta economy and industry linkages during the reference year. Each publication contains multipliers specific to various industries and commodities for two models: the "Open" model covers direct and indirect impacts while the "Closed" model covers direct, indirect and induced impacts. Note regarding the 2020 input-output multipliers: Statistics Canada recommended that due to the COVID pandemic in 2020, the structure of the economy was significantly altered. The 2020 input-output multipliers and input-output models should be used for analysis of economic impacts in 2020. However, for economic impact analysis for more current periods, the 2019 input-output multipliers and input-output models may be...