Download PDF version - FenRIAM

keep the colour box which represents the aggregated categories, you should click right and paste special only the values. When pasted, make sure thatfor each sectors, the output at basic price is equal to the total use.• Add the RI to your economyWhen the first spreadsheet is filled, click to the second spreadsheet called “IO exercise”. The excel file should have automatically computed the first partof the results (step 1 to step 4).You should now enter the RI demand (the expected budget of the RI), filling the green part in the spreadsheet (step 5). In order to do this, the RI budgetneeds to be broken down by economic sector of the purchased goods or services. Since the logic of the I/O exercise is to capture the economic activityderiving from an increased demand from the RI at the different project stages, do this separately for the three different phases of the RI project, namelyconstruction, operation, and decommissioning. A boost in the building sector can for example be expected as a result of the construction phase of theRI.• Calculate the additional economic activityStep 6 and Step 7 give the results of the exercise. The total effect columns show - for each sector and in total - the increase of economic activity neededto meet the additional demand generated by the RI. For each of the three phases construction, operation and decommissioning the I/O exercise providesan estimate of the increased economic activity in million Euros (MioEuros, M€). The total economic effect consists of three main contributions:• Direct effects, which result from the increased demand of the RI;• Indirect effects, which measure the size of the inter-industry flows to satisfy the original increase in demand (increased demand of the suppliers ofthe suppliers etc.);• Induced effects, which are created by the increased household spending as a result of direct and indirect effect.The FenRIAM exercise is limited to evaluate the direct and indirect economic effects of an RI in the different sectors of the economy. The numbers in thecorresponding columns provide the economic effects in M€. The interpretation of the results in step 6 is the following: The total output increase neededto satisfy the additional demand from the construction phase of the studied facility is approximately “see number in cell F84” M€. The total additionaleconomic output needed to satisfy the additional demand from RI operation is about “see number in cell F92” M€. Finally, the output increase requiredto satisfy the increased demand of the RI during decommissioning (dismantling of the facility) is about “see number in F100”M€.• Calculate the additionally generated employmentStep 8 at the end of the exercise interprets the additional output in terms of generated employment. In order to perform this calculation, collect therequired data about the total employment per sector (construction, industry w/o construction, services) in your country.Information is available on: http://stats.oecd.org/index.aspx?DatasetCode=MEILABOUR.Fill the data into the green cells of the table. You obtain then an estimation of the number of person-years of employment created for the entire constructionphase (which is typically longer than one year) and in average for one year of operation. Person-years of employment may be understood asadditional full-time jobs of one year duration.346