The Economic Impact of Small Colleges on Local Economies: A Guide to Attainable Data and Best Practices

2021 ◽  
pp. 089124242110336
Author(s):  
Christelle Khalaf ◽  
G. Jason Jolley ◽  
Candi Clouse

This article outlines a practical standard of university economic impact analyses for small colleges. The needs of small colleges greatly differ from those of large universities, as they are typically dependent on in-house resources to conduct economic impact analyses. These financial limitations create a need for suitable, publicly available data that can substitute for primary, costly data collection, as well as guidelines on best practices for researchers or practitioners who may not be experts in input–output methodology. The article reviews the foundations of economic impact analysis and then discusses fundamental modeling decisions. The suggested practices are illustrated using two small colleges in Ohio as case studies.

2014 ◽  
Vol 11 ◽  
pp. 585-593 ◽  
Author(s):  
Claudia Ventura

Event Marketing and Regional Studies are widely considered discipline with still uncertain and not fully defined contours. In order to highlight the extent and the relevance of developing researches into these fields, it is proposed here a study able to demonstrate the operational validity of marketing in favor territorial development. The research work has addressed the issues of territorial promotion and analysis of touristic attitude of destinations providing an innovative application of the input-output methodology, used in the economic impact analysis.


2014 ◽  
Vol 17 (4) ◽  
pp. 379-395 ◽  
Author(s):  
Petrus Van der Merwe ◽  
Melville Saayman ◽  
Riaan Rossouw

The core of South Africa tourism industry is based on wildlife tourism.  Private game reserves and game farms which forms part of wildlife tourism constitute most of the wildlife products in South Africa.  On these private reserves and game farms, hunting is one of the major income generators for product owners.  The aim of this study is to analyse the economic impact of hunting on the regional economies of three of South Africa’s most important hunting provinces. The study used economic multipliers, input-output analysis, and related modelling processes through input-output (supply-use) tables and social accounting matrices (SAM). The results differed significantly for the three provinces, with Limpopo receiving the biggest impact (R2.6 billion) and the Free State having the highest multiplier (2.08). The geographical location of the game farms, the number of farms per province and the species available all influenced the magnitude of the economic impact of hunters over and above the traditional determinants of economic impact analysis. The implication of the research is that it will help product owners in the development of game farms or hunting products, contribute to policy formulation, especially for government decisions on what products to offer where, and how to create more jobs.


Author(s):  
Tobias Heldt

Abstract This chapter aims to explain some of the basic principles and practices of economic impact analysis (EIA) of events, with particular focus on smaller special events, and how results from an EIA are used in practice for decision making at various stakeholder levels. Data collected on site from 404 visitors to the special event Landsmót 2016 - the National Championships of the Icelandic horse - and analysis of the event's economic impact are used as an illustrative case. Starting with a review of the traditional approach to EIA, followed by a thorough description of the case, including details of data collection and descriptive statistics, the chapter ends by putting the results into policy-relevant contexts for different types of stakeholders.


Author(s):  
Elena Ilieva ◽  

The study aims to reveal the most current economic impact of shared accommodation on the economy of the receptive destination - at national and local level. As the biggest representative of peer-to-peer accommodation worldwide, Airbnb is the subject of the current research. Therefore, the business model of Airbnb is shortly examined and the specific distinctions of the company are presented. The data, used for the economic impact analysis, is officially published from Airbnb studies in national and local economies of various tourist destinations. The main conclusion is that there is a huge economic impact of Airbnb, especially in Europe and USA, and the perspective is for further growth. One of the most important features of Airbnb is the ability to spread the economic impact in tourism less developed destinations and to concentrate the benefits in the local economy.


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