SJ Research Services offers a full suite of economic impact tools including:
1) Core Model - The core model is an economic impact model that is rectangular in nature with 35 industries and 66 commodities and is based on the latest available Statistics Canada’s Saskatchewan Input-Output tables. The core model is updated annually within weeks of the release of the latest data. Core model results are typically:
Annual incremental gross output;
Gross domestic product;
Employment;
Labor income; and
Fiscal impacts for all 3 levels of Government (Federal, Provincial, and Municipal)
Results are expressed in terms of direct, indirect, and induced impacts and can be disaggregated to the 35-industry level.
In addition to the Core Model, there are 3 satellite modules:
2) Fiscal Module – this module provides a more thorough representation of the impact of a project on government revenues. Typical economic impact models will only provide results in terms of indirect taxes. For the Fiscal Module, SJ Research Services’ Core Model is extended to include personal income taxes, corporate and unincorporated business taxes, as well as resource revenues, and excise taxes. The Fiscal Module is updated annually upon the release of the Federal and Provincial government budgets.
3) Population Module – this module measures how major projects are expected to impact population growth through in-migration. The Population Module also measures how in-migration, in turn, is expected to have a lasting impact on region demographics through natural population changes (births less deaths). For the Population Module, SJ Research Services’ links the Core Model results to a demographic forecasting model.
4) Regional Module - this module can be used to estimate GDP and employment impacts for a region or community in the province, as specified by the user. Included in regional impacts will be municipal revenues (property taxes, fees, and licenses). Rest of Province impacts (provincial impacts outside of the local study area) will be calculated as the difference between provincial and local impacts. This Regional Module is a community hierarchy model where SJ Research Services “regionalizes” the Core Model.
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