Economic Impact Study - Revision history

Albert at 23:02, 19 January 2018

2018-01-19T23:02:18Z

John P: /* Step 2: measuring the indirect and induced impact */

2013-10-28T13:39:44Z

Step 2: measuring the indirect and induced impact

John P: /* The model behind the economic impact study */

2013-10-28T10:49:30Z

The model behind the economic impact study

John P: /* Step 1: measuring the direct impact */

2013-10-28T10:49:15Z

Step 1: measuring the direct impact

John P: /* The model behind the economic impact study */

2013-10-28T10:48:48Z

The model behind the economic impact study

John P: /* Step 2: measuring the indirect and induced impact */

2013-02-15T10:38:51Z

Step 2: measuring the indirect and induced impact

John P: /* Step 1: measuring the direct impact */

2013-02-15T10:38:07Z

Step 1: measuring the direct impact

John P: /* Step 1: measuring the direct impact */

2013-02-15T10:37:54Z

Step 1: measuring the direct impact

John P: /* Step 1: measuring the direct impact */

2013-02-15T10:37:41Z

Step 1: measuring the direct impact

Albert at 16:30, 30 January 2013

2013-01-30T16:30:35Z

@@ Line 75: / Line 75: @@
 == Related subjects ==
 Urban planning processes employ a host of other economic tools/models:
-* [[is synonymous to::Input-output analysis|Input-output analysis]]
+* [[Input-output analysis|Input-output analysis]]
-* [[is synonymous to::Social cost-benefit analysis|Social cost-benefit analysis]]
+* [[Social cost-benefit analysis|Social cost-benefit analysis]]
-* [[is synonymous to::Business case|Business case]]
+* [[Business case|Business case]]
-* [[is synonymous to::Other economic tools|Other economic tools]]
+* [[Other economic tools|Other economic tools]]
-* [[belongs to::Economic tools|Economic tools]]
+* [[Economic tools|Economic tools]]
 See also the clickable map below:

@@ Line 42: / Line 42: @@
 ====Step 2: measuring the indirect and induced impact====
-The next step for economists is to estimate the indirect economic effects on the economy. These secondary impacts are more difficult to quantify and there are different approaches possible to do this. In case enough economic data/statistics are available, economists could use an [[Input-output analysis|input-output model]] to estimate the indirect effects.
+The next step for economists is to estimate the [[Secondary economic impact|indirect economic effects]] on the economy. These secondary impacts are more difficult to quantify and there are different approaches possible to do this. In case enough economic data/statistics are available, economists could use an [[Input-output analysis|input-output model]] to estimate the indirect effects.
 {{quote|An '''[[Input-output analysis|input-output model]]''' is a quantitative economic tool that captures the inter-sectoral transactions. It contains large tables of data that describe the transactions in pre-defined impact areas. These tables help the users to track the flow of money from one sector to the next. The technique of input-output analysis is originally created by Wassily Leontief (1965).}}

@@ Line 26: / Line 26: @@
 [[File:EIS_steps_V02.png|750px| Source: Decisio (2012)]]
-Source: '''[http://www.decisio.nl/?lang=en Decisio 2012]'''
+Source: '''[http://www.decisio.nl/?lang=en Decisio (2012)]'''
 ====Step 1: measuring the direct impact====

@@ Line 39: / Line 39: @@
 [[File:EIS_modules_V01.png|400px| Source: Decisio (2012)]]
-Source: Decisio (2012)
+Source: '''[http://www.decisio.nl/?lang=en Decisio (2012)]'''
 ====Step 2: measuring the indirect and induced impact====

@@ Line 26: / Line 26: @@
 [[File:EIS_steps_V02.png|750px| Source: Decisio (2012)]]
-Source: Decisio (2012)
+Source: '''[http://www.decisio.nl/?lang=en Decisio 2012]'''
 ====Step 1: measuring the direct impact====

@@ Line 44: / Line 44: @@
 The next step for economists is to estimate the indirect economic effects on the economy. These secondary impacts are more difficult to quantify and there are different approaches possible to do this. In case enough economic data/statistics are available, economists could use an [[Input-output analysis|input-output model]] to estimate the indirect effects.
+{{quote|An '''[[Input-output analysis|input-output model]]''' is a quantitative economic tool that captures the inter-sectoral transactions. It contains large tables of data that describe the transactions in pre-defined impact areas. These tables help the users to track the flow of money from one sector to the next. The technique of input-output analysis is originally created by Wassily Leontief (1965).}}
-{| class="wikitable"
-|-
-| An '''[[Input-output analysis|input-output model]]''' is a quantitative economic tool that captures the inter-sectoral transactions. It contains large tables of data that describe the transactions in pre-defined impact areas. These tables help the users to track the flow of money from one sector to the next. The technique of input-output analysis is originally created by Wassily Leontief (1965).
-|}
-Input-output models result in so called 'Leontief multipliers'. These [[Multiplier effect|multipliers]] capture the size of these indirect effects from a change. For example, an economic multiplier of 2.3 would mean that for each euro spent, EUR 1.50 is additional indirect spending (indirect and induced). There are several types of multipliers depending on the measured [[economic output]] (income, value added, employment etc.).
 ====Step 3: Estimating the total economic impact====

@@ Line 33: / Line 33: @@
 An example: [[File:Itäkeskus shopping centre.JPG|thumb|Itäkeskus shopping centre]]
-{{quote|The building of a new shopping mall will create temporarily jobs in the construction sector and permanent jobs in retail and affiliate sectors such as cleaning and maintenance. In addition, the real estate owners will generate income from lease contracts and the local government will be able to collect tax revenues.}}.
+{{quote|The building of a new shopping mall will create temporarily jobs in the construction sector and permanent jobs in retail and affiliate sectors such as cleaning and maintenance. In addition, the real estate owners will generate income from lease contracts and the local government will be able to collect tax revenues.}}
 Based on the scope of the economic impact study, economists will focus their effort on those sectors in the pre-defined impact area that are affected most by the studies entity. For the example above, for instance, economists would focus their attention on the construction sector, the real estate sector and the retail sector. To do this, some economists create different modules in order to determine the interrelations between the different sectors (see example below):

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