Economic Impacts of Research and Development in the Physical, Engineering, and Life Sciences in Mississippi and Alabama

Sector Definition

The NAICS (2014) code 541712 or “Research and Development in the Physical, Engineering, and Life Sciences” comprises of establishments primarily engaged in conducting research and experimental development except biotechnology research and experimental development in the physical, engineering, and life sciences, such as agriculture, electronics, environmental, biology, botany, computers, chemistry, food, fisheries, forests, geology, health, mathematics, medicine, oceanography, pharmacy, physics, veterinary and other allied subjects.

Employment Impacts

The total employment impact is the sum of direct, indirect and induced impacts.

  1. Indirect impacts result from changes in economic activity of other industrial sectors which supply goods or services to the sector being evaluated.

  2. Induced impacts are the result of personal consumption expenditures by industry employees.

Direct Employment Impacts of research and development in the physical, engineering, and life sciences

phy
Source of raw data: EMSI (2014).