New updates were added to our CEEMID data catalog on 16 October. Apart from new visualizations, we made inroads into economic impact assessment with value-added and employment multipliers. The biggest advocacy advantage of the music industry is that it has a vast impact on employment. In the CEE region, where the automotive industry is preferred by economic policy makers, we can show that a fraction of the investment into creative industries can create many times bigger employment. Especially among young people who are extremely hit by lack of work experience and a sustainable entry into the European labor markets.
Because multiplier calculations and input-output economics is hard too, and it is a very specialized field, we made all the CEEMID program codes open source. They will be part of the ROpenGov packages, and will be subject to peer review to avoid potential mistakes and increase usability.