Primary economic impact

Primary economic impacts are the initial, immediate economic output generated by an urban planning process. Put differently, they are the goal of urban planning in terms of economic functionality. Primary impacts form a precondition for the secondary economic impacts, since each urban development project will not only generate effects on the targeted markets, but also on other markets.

Definitions

Primary economic impact

In the context of the urban planning process, primary economic effects are defined as the initial, immediate/direct economic output generated by a specific urban development project. They are in essence limited to the owner(s) and user(s) of the specific urban object.