scholarly journals Higher Education Economic Impact Studies: Accurate Measures Of Economic Impact?

2005 ◽  
Vol 2 (2) ◽  
Author(s):  
Morgan Bridge
Keyword(s):  
Higher Education ◽  
Economic Impact ◽  
Local Community ◽  
Local Economy ◽  
Impact Study ◽  
Output Analysis ◽  
Impact Studies ◽  
Long Run ◽  
Economic Impact Studies ◽  
The Impact

Many public institutions of higher education conduct/contract economic impact studies regularly.  The accuracy of the economic impact is frequently suspect, since institutions frequently use economic impact as a means to demonstrate their contribution to the local economy in order to justify and increase tax dollars received. Economic impact studies are also used as marketing tools promoting the value of the service being provided to the local community.  Hence, the question arises, is it possible for higher education economic impact studies to accurately reflect the dollar value contributed to the economy?  Or particularly in the era of tightening budgets due to shrinking state tax revenue, will these types of studies be overstated in order to justify tax dollars received?  As Beck and Elliot (1995) have stated, a major criticism of in-house studies is the overstatement of the dollar impact by the institution. Consequently, the strength and credibility of the study may lie in the methodology used to conduct impact studies.   With sound methodology, the results may become less suspect.  However, there are a variety of differing methodologies used, from the very complicated involving input-output analysis and econometric modeling to the streamlined which involve calculating expenditures and the use of economic multipliers.   This paper discusses methodology issues surrounding economic impact studies in higher education.  The issues of the long-run versus short-run approach, geographic versus service area, calculation of expenditures, choice of economic multipliers and the labor multiplier, etc., will be discussed. The impact study conducted by the author will be used as a case study to demonstrate methodology used in a recent economic impact study and to discuss the importance of methodology in the area of college/university impact studies. 

The Economic Impacts of Tourism

2017 ◽  
Author(s):  
Peter Mason
Keyword(s):  
Economic Impact ◽  
Economic Impacts ◽  
Single Element ◽  
Tourism Impacts ◽  
Tourism Research ◽  
Impact Studies ◽  
Research Areas ◽  
Economic Impact Studies ◽  
Tourist Development ◽  
The Impact

For approximately 40 years from the early 1960s, the ‘impacts of tourism’ was the most researched topic in tourism, and economic impacts were more researched than any other type in this period. When, in the late 1980s, Pearce discussed research on tourism impacts, he stated that the geographical focus of this research, was the tourism destination. As Pearce (1989:2) indicated: Studies of the impact of tourist development on a destination or destinations have been the largest single element of tourism research ... and has concentrated on the effects of income and employment. Despite this quotation coming from nearly 30 years ago, and taking into account the development of many different research areas in tourism since then, it is still the case that economic impact studies are a key focus in tourism research. Although, as has been stated in Chapter 6, economic impacts of tourism are linked to, and cannot easily be separated from, other types of impact, largely in an attempt to assist with understanding, economic impacts are discussed in this chapter separately from other tourism impacts.

Valuing Arts Festivals, A case study of the South African National Arts Festival

2016 ◽  
Author(s):  
Jen D. Snowball
Keyword(s):  
Economic Impact ◽  
South African ◽  
Event Management ◽  
The South ◽  
Impact Studies ◽  
Cultural Festivals ◽  
Arts Festival ◽  
Economic Impact Studies ◽  
The Impact

The South African National Arts Festival (NAF) is in its 42nd year and has evolved to be one of the largest cultural festivals in Africa. The value of cultural festivals extends well beyond the financial (that is, economic) impact, including such things as building social cohesion, cultural capital and identity. Significant advances in measuring such values, using both qualitative and quantitative techniques, have been made in the past 30 years. Nevertheless, economic impact studies are still one of the most widely used valuation methods for cultural events, largely because they demonstrate to funders, government and artistic producers the monetary contribution of the events to the city or region in which they take place. Economic impact studies are thus a powerful tool for arts proponents in arguing for increased resources and demonstrating the impact of this sector of the cultural industries. Using research undertaken at the National Arts Festival, this chapter discusses the measurement of festival impacts, describing the method and results, and pointing out how festival organisers used the information. It also demonstrates how impact studies, if conducted in multiple years, can track changes in festival audience composition, which can be useful for event management and organisation.

The Impact of a Potential Public/Private Initiative on a Defined Region of the South Suburban Chicago Metropolitan Area

2019 ◽  
pp. 14-32
Keyword(s):  
Supply Chain ◽  
Economic Impact ◽  
Impact Analysis ◽  
Census Data ◽  
Economic Benefits ◽  
Local Economy ◽  
Market Area ◽  
State And Local ◽  
The University ◽  
The Impact

The university is considered one of the engines of growth in a local economy or its market area, since its direct contributions consist of 1) employment of faculty and staff, 2) services to students, and supply chain links vendors, all of which define the University’s Market area. Indirect contributions consist of those agents associated with the university in terms of community and civic events. Each of these activities represent economic benefits to their host communities and can be classified as the economic impact a university has on its local economy and whose spatial market area includes each of the above agents. In addition are the critical links to the University, which can be considered part of its Demand and Supply chain. This paper contributes to the field of Public/Private Impact Analysis, which is used to substantiate the social and economic benefits of cooperating for economic resources. We use Census data on Output of Goods and Services, Labor Income on Salaries, Wages and Benefits, Indirect State and Local Taxes, Property Tax Revenue, Population, and Inter-Industry to measure economic impact (Implan, 2016).

scholarly journals Multi-Criteria Analysis of the Mass Tourism Management Model Related to the Impact on the Local Community in Constanta City (Romania)

Inventions ◽  
2021 ◽  
Vol 6 (3) ◽  
pp. 46
Author(s):  
Catalin Anton ◽  
Angela-Eliza Micu ◽  
Eugen Rusu
Keyword(s):  
Black Sea ◽  
Seasonal Cycle ◽  
Local Community ◽  
Local Economy ◽  
Management Model ◽  
The Black Sea ◽  
Mass Tourism ◽  
Tourism Management ◽  
The Impact ◽  
The City

Traditionally and socially, the tourism in Constanta is considered to be important to the local economy. Sun and beach locations are both a draw for locals and tourists to the city, on the Black Sea. However, vacation-oriented activities in the city only have a seasonal cycle. In this paper, we proposed to analyze the mass tourist activity in Constanta, taking into account economic, social, and environmental conditions. Additionally, we attempted to build a model based on the data available. The model was developed using a PESTEL analysis to determine the supportability factor of the indicators identified. We also set out to create a projection of the activities proposed for analysis by 2050. To create a model for coastal areas, the data used in this research must be accurate and consistent. Furthermore, correctly identifying indicators and their relationships is a critical step in conducting a thorough study. Last but not least, finding the calculation coefficient for the activity in question is critical, as collecting data from various activities might be challenging when trying to find a feasible model.

scholarly journals HIGHER EDUCATION AND ECONOMIC GROWTH A CASE STUDY OF PAKISTAN

2010 ◽  
Vol 27 (1) ◽  
Author(s):  
Tariq Mahmood
Keyword(s):  
Higher Education ◽  
Economic Growth ◽  
Positive Impact ◽  
Public Expenditures ◽  
Annual Data ◽  
Unequal Distribution ◽  
Long Run ◽  
Short Run ◽  
The Impact ◽  
Education And Economic Growth

This paper highlights the role of higher education for the economic growth inPakistan. We explore the impact of increase in enrolment at tertiary level on thegrowth rate of income per worker. Estimating a growth model developed byMankiv et. al. (1992), using the annual data of Pakistan, we find a robustrelationship between higher education and economic growth in the long run. Themodel has also shown that investment in fixed capital has positive impact oneconomic uplift. Applying Johansen’s cointegration test, we show that the longrun elasticity of income with respect to capital stock is different from its share inGDP, and increase in the enrolment per unit of effective worker helps inbolstering economic growth. But, like earlier literature we also find statisticallyinsignificant relationship between higher education and GDP per worker. Thereare some fundamental reasons concerning to the ambiguous impact of investingin human capital on economic growth, particularly in the short run in case ofPakistan. First, the sharp increase in enrollment, recently, has been damaging thequality of education. Second, the unequal distribution of educational services hasheld back the efficiency of public expenditures, particularly before the reformsundertaken by higher education commission. Third, the low private return ofeducation has limited the demand for higher education in Pakistan for almost fiftyyears.

Sign in / Sign up

Export Citation Format

Share Document