Regional Economic Impact Analysis
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An Regional Economic Impact Analysis is an impact analysis task that is an economic analysis task (that examines an event's impact on an area's economy).
- AKA: EIA.
- Example(s):
- Counter-Example(s):
- See: Counterfactual Conditional, Investment Policy, Input-Output Model, Induced Effect.
References
2015
- (Wikipedia, 2015) ⇒ http://en.wikipedia.org/wiki/Economic_impact_analysis Retrieved:2015-11-1.
- An economic impact analysis (EIA) examines the effect of an event on the economy in a specified area, ranging from a single neighborhood to the entire globe. It usually measures changes in business revenue, business profits, personal wages, and/or jobs. The economic event analyzed can include implementation of a new policy or project, or may simply be the presence of a business or organization. An economic impact analysis is commonly conducted when there is public concern about the potential impacts of a proposed project or policy. [1]
An economic impact analysis typically measures or estimates the change in economic activity between two scenarios, one assuming the economic event occurs, and one assuming it does not occur (which is referred to as the counterfactual case). This can be accomplished either before or after the event (ex ante or ex post).
- An economic impact analysis (EIA) examines the effect of an event on the economy in a specified area, ranging from a single neighborhood to the entire globe. It usually measures changes in business revenue, business profits, personal wages, and/or jobs. The economic event analyzed can include implementation of a new policy or project, or may simply be the presence of a business or organization. An economic impact analysis is commonly conducted when there is public concern about the potential impacts of a proposed project or policy. [1]
- ↑ Army Corps of Engineers: Glossary of Economic Impact Terms (http://corpslakes.usace.army.mil/employees/economic/glossary.html)