Regional Input-Output Analysis

Regional Input-Output Analysis is a method used to understand an area's economic activity by examining how different industries interact within that region. It studies the flow of goods and services between businesses, households, and government, showing how the output of one industry supports others. This helps identify key sectors, understand economic dependencies, and predict how changes in one industry can affect the entire local economy. Essentially, it provides a detailed map of economic relationships specific to a region, aiding policymakers and businesses in making informed decisions.