Economic output
Economic output
A newly developed urban object or urban environment will generate in most cases economic activities. The generated (or existing) economic impact can be measured in terms of economic output, which measures a particular dimension of change in the economic activity (see clickable map below):
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Notice that the public income and public expenditures are included while they also could be considered to be "˜financial output". Furthermore, the various measures of economic impact are overlapping[1]. An increase in business activity, for example, will generate income for its employees, profit for its owners and tax income for the public authorities. For this reason, the different measures cannot be added together to calculate the total economic impact.
Related subjects
Footnotes and references
- ↑ B. and G. Weisbrod (1997). Measuring economic impacts of projects and programs. Economic Development Research Group.
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