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).

How Long Does an Economic Impact Last? Tracking the Impact of a New Giant Panda Attraction at an Australian Zoo

2016 ◽  
Vol 56 (5) ◽  
pp. 613-624 ◽  
Author(s):  
Sally Driml ◽  
Roy Ballantyne ◽  
Jan Packer
Keyword(s):  
Economic Impact ◽  
Impact Analysis ◽  
Investment Decision ◽  
Economic Benefits ◽  
First Year ◽  
Giant Pandas ◽  
Economic Impact Analysis ◽  
One Year ◽  
Tourism Attractions ◽  
The Impact

A concerning issue with Economic Impact Analysis (EIA) is that many EIAs give results for one year, without being explicit about how long impacts are expected to last. New tourism attractions should not be assumed to provide continuing positive impacts into the future. For instance, the Giant Pandas at Adelaide Zoo generated a positive economic impact in their first year of residence (22% of a sample of tourists visited Adelaide “due to pandas,” additional tourism expenditure in the region was $27.7 million, with $2.3 to $4.6 million captured by the zoo); however, increased numbers visiting to see the pandas lasted only two years. Investment decision makers expected larger, longer-term economic benefits than eventuated, and the zoo experienced financial difficulties. This study provides advice for predictive EIA of new tourism attractions and prompts a call for tourism EIA studies to be explicit about the time period for which results are relevant.

The Economic Impact of Cultural Events: The Umbria Jazz Music Festival

2011 ◽  
Vol 17 (6) ◽  
pp. 1235-1255 ◽  
Author(s):  
Bruno Bracalente ◽  
Cecilia Chirieleison ◽  
Massimo Cossignani ◽  
Luca Ferrucci ◽  
Marina Gigliotti ◽  
...  
Keyword(s):  
Economic Impact ◽  
Impact Analysis ◽  
Local Economy ◽  
Analysis Model ◽  
Music Festival ◽  
Jazz Music ◽  
Methodological Problems ◽  
The Impact ◽  
The City

This paper assesses the economic impact of a cultural event on a local economy. The event analysed is the Umbria Jazz music festival, which is held annually in July in the city of Perugia in Italy. The relevance of this case study concerns the methodological problems involved in estimating the number of visitors attracted by an event characterized by numerous free concerts. In addition, through the choice of the components of expenditure and the impact analysis model, the proposed approach represents an advanced synthesis of the paths which have been developing in the literature.

scholarly journals ECONOMIC IMPACT ANALYSIS OF APT PRANOTO AIRPORT PROJECT DURING CONSTRUCTION PHASE

TRIKONOMIKA ◽  
2019 ◽  
Keyword(s):  
Economic Impact ◽  
Impact Analysis ◽  
Value Added ◽  
Economic Benefits ◽  
Local Economy ◽  
Output Analysis ◽  
East Kalimantan ◽  
Capital Spending ◽  
Direct And Indirect Impacts ◽  
Indirect Impacts

The aim of this research was to provide the evidence of economic benefits resulted from development of APT Pranoto airport towards East Kalimantan which will strengthen the support of the development of the new airport from various stakeholders. This research applied input-output, analysis to estimate the economic impact i.e impact of expenditure on construction phase. Direct impact includes the increase in gross value added as well as income from tax payment and create new employment. Indirect impact includes increase in capital spending of the workers and more money circulated within the area of East Kalimantan. This study conclude that there are direct and indirect impacts from APT Pranoto airport during construction phase within the period of 5 years. The findings can be used to emphasize APT Pranoto Airport Project in gaining funding and acceptance from local economy.

U.S. budget impact analysis of biosimilar versus originator intravenous rituximab for the treatment of non-Hodgkin lymphoma (NHL), chronic lymphocytic leukemia (CLL), rheumatoid arthritis (RA), granulomatosis with polyangiitis (GPA) and microscopic polyangiitis (MPA).

2021 ◽  
Vol 39 (15_suppl) ◽  
pp. e18820-e18820
Author(s):  
Elizabeth James ◽  
Holly Trautman ◽  
Ali McBride ◽  
Azhar Choudhry ◽  
Stephen Thompson
Keyword(s):  
B Cell ◽  
Impact Analysis ◽  
Budget Impact ◽  
Drug Acquisition ◽  
B Cell Lymphoma ◽  
Economic Benefits ◽  
Lymphocytic Leukemia ◽  
Sensitivity Analyses ◽  
Cost Share ◽  
The Impact

e18820 Background: Rituximab-abbs is an anti-CD20 monoclonal antibody and an important immuno-oncology agent for the treatment of B-cell malignancies NHL (diffuse large B-cell lymphoma [DLBCL] and follicular lymphoma [FL]) and CLL. It is also indicated for patients with RA, GPA, and MPA. Rituximab-abbs was the first rituximab biosimilar approved in the US and is expected to reduce drug acquisition costs. This budget impact model (BIM) estimated the impact of replacing a share of originator rituximab (IV-R-REF) use with rituximab-abbs (IV-R-BIOSIM) for NHL (DLBCL and FL), CLL, RA, GPA, and MPA. The objective was to project incremental annual cost differences between IV-R-BIOSIM and IV-R-REF for a hypothetical 1-million-member US healthcare insured (Medicare) population. Methods: An illustrative BIM estimated changes in 1-year drug and administration costs for an increased IV-R-BIOSIM uptake from 17.5% to 22.0%. Values for epidemiology, market share distribution, drug dosing, administration, and costs were derived from scientific literature, product labels, and publicly available cost resources. Dosing was based on a mean patient body surface area of 1.8 m2. Annual dose counts per patient were: 10 untreated FL with maintenance; 8 untreated FL (without maintenance), relapsed/refractory FL, or untreated DLBCL; 6 CLL, and 4 for RA, GPA, or MPA. All treatments were assumed to infuse over 3 hours. Drug acquisition and administration costs were from 2020 Average Sales Price pricing file and Centers for Medicare and Medicaid Services Physician Fee Schedule. Patient cost share was based on 2020 Medicare Part B 20% cost-share for office visits and drug products. Univariate sensitivity analyses were conducted. A scenario analysis was performed to project 2-year costs for extended FL maintenance treatment. Results: Estimated total annual plan incremental savings for a 1-million-member payer after the utilization shift were $312,379, equating to $0.31 per enrolled member per year (PMPY). Per-patient incremental drug cost savings with IV-R-BIOSIM for 1-year were $5,474–$12,924 (Table). The model was most sensitive to IV-R-REF cost and proportion of patients with RA. Conclusions: This analysis estimated annual savings of over $310,000 ($0.31 PMPY) for a 1-million-member US payer following a 4.5% utilization shift from IV-R-REF to IV-R-BIOSIM, demonstrating that IV-R-BIOSIM may confer considerable economic benefits vs originator rituximab.[Table: see text]

scholarly journals Economic Impact of Drought- and Shade-tolerant Bermudagrass Varieties

2018 ◽  
Vol 28 (1) ◽  
pp. 66-73 ◽  
Author(s):  
Chanjin Chung ◽  
Tracy A. Boyer ◽  
Marco Palma ◽  
Monika Ghimire
Keyword(s):  
Economic Impact ◽  
Impact Analysis ◽  
Cynodon Dactylon ◽  
Economic Impacts ◽  
Value Added ◽  
The United States ◽  
Economic Benefits ◽  
Total Output ◽  
Economic Impact Analysis ◽  
New Varieties

This study estimates potential economic impacts of developing drought- and shade-tolerant bermudagrass (Cynodon dactylon) turf varieties in five southern states: Texas, Florida, Georgia, Oklahoma, and North Carolina. First, estimates are provided for the market-level crop values of the newly developed two varieties for each state. Then, an economic impact analysis is conducted using an input–output model to assess additional output values (direct, indirect, and induced impacts), value added, and employment due to the new varieties. Our results indicate that the two new varieties would offer significant economic impacts for the central and eastern regions of the United States. Under the assumption of full adoption, the two new products would generate $142.4 million of total output, $91.3 million of value added, and 1258 new jobs. When a lower adoption rate is assumed at 20%, the expected economic impacts would generate $28.5 million of output, $18.3 million of value added, and 252 jobs in the region. Our findings quantify the potential economic benefits of development and adoption of new turfgrass varieties with desirable attributes for residential use. The findings suggest that researchers, producers, and policymakers continue their efforts to meet consumers’ needs, and in doing so, they will also reduce municipal water consumption in regions suited to bermudagrass varieties.

The politics of redistribution in local governments: the effect of gender representation on welfare spending in California counties

2014 ◽  
Vol 34 (2) ◽  
pp. 269-301 ◽  
Author(s):  
Sanghee Park
Keyword(s):  
Local Governments ◽  
State Legislature ◽  
Local Economy ◽  
Gender Representation ◽  
Home Rule ◽  
Political Preference ◽  
Non Profit ◽  
Welfare Spending ◽  
State And Local ◽  
The Impact

AbstractThis research explores the impact of gender representation at the state and local levels on redistributive choices. This research also examines whether female officeholders moderate the impact of the local economy and institution on welfare spending. Hypotheses are tested across 58 counties in California over ten years, between 2001 and 2010. According to the fixed effect models, women in state legislature had a positive effect on local welfare spending, while women on county boards had no significant effect. However, a positive moderating effect of women on county boards during economic hardship was found. Three categories of control variables include institutional factors, such as the introduction of Proposition 1A and county home rule; political factors, such as the political preference of each county’s residents and strength of non-profit organisations; and socio-economic factors, such as intergovernmental revenue, unemployment rate and demographics. Counties with more intergovernmental revenue and supporters of Democratic presidential candidates are likely to spend more on welfare services.

scholarly journals Industrial Symbiosis for Optimal Bio-Waste Management and Production of a Higher Value-Added Product

Processes ◽  
2021 ◽  
Vol 9 (12) ◽  
pp. 2228
Author(s):  
Edgaras Stunžėnas ◽  
Irina Kliopova ◽  
Daina Kliaugaitė ◽  
Rimas Pranas Budrys
Keyword(s):  
Waste Management ◽  
Food Waste ◽  
Impact Analysis ◽  
Regional Scale ◽  
Value Added ◽  
Economic Benefits ◽  
Water Soluble ◽  
Soluble Nitrogen ◽  
The Impact ◽  
By Products

A considerable amount of food waste ends up in centralized treatment plants due to the lack of preventive measures, resulting in significant environmental impacts. Hospitality food waste management is even more resource-intensive because of animal by-products regulation. According to this regulation, companies must store and then consign waste to specific waste managers. The extensive need for transportation of high-moisture-content materials is the leading cause of the impact. Moreover, the management of category III animal by-products is costly for companies. A previous study has shown the economic benefits of decentralized animal by-product treatment by intensive composting in catering companies. Although the produced compost was characterized by exceptional quality parameters, it was phytotoxic. The investigation of hospitality waste management is scarcely discussed among scholars, and waste management on a regional scale is nearly absent. This study examines the regional management of hospitality food waste by exploiting the municipal waste management infrastructure and intensive composting at the source. The co-maturation experiment with animal by-products and municipal green waste primary composts showed that the phytotoxicity parameters of the cured compost were in the optimal range or below the thresholds (conductivity (1.1 mS cm−1), dissolved organic carbon (82 mg kg−1), and NH4+/NO3− ratio (0.0027)). Additionally, the amounts of total nitrogen, water-soluble nitrogen, and water-soluble phosphorus in the compost were rated as very high. Finally, inventory and environmental impact analysis of the current and planned management approaches showed a reduction in 12 of 18 impact categories.

scholarly journals The Impact of the University on the Local Economy

2006 ◽  
Vol 14 (1) ◽  
pp. 56-67
Author(s):  
Tadaaki Ozoegawa ◽  
Taku Ishiro ◽  
Dan Jin ◽  
Yuichi Hasebe
Keyword(s):  
Local Economy ◽  
The University ◽  
The Impact

Rural Transit Services: A Local Economic and Fiscal Impact Analysis

1998 ◽  
Vol 1623 (1) ◽  
pp. 57-62 ◽  
Author(s):  
Zhong-Ren Peng ◽  
Arthur C. Nelson
Keyword(s):  
Local Governments ◽  
Impact Analysis ◽  
Local Economic Development ◽  
Economic Impacts ◽  
Economic Benefits ◽  
Local Economy ◽  
Transit Service ◽  
Transit Services ◽  
Fiscal Revenue ◽  
Work Trip

Rural transit services are generally considered a tool to alleviate immobility for the elderly, the handicapped, and the carless and a form of income redistribution to them from society at large. But their economic impacts on local economies and governments are seldom realized and quantified. This study estimates two important transfer impacts of rural transit service on local (county) economies and governments in Georgia: the overall economic impacts and the fiscal revenue impacts. This study analyzed economic benefits of three major transit rider types in rural Georgia: elderly riders, work trip riders, and school trip riders. It found that rural transit services have a significant and positive economic impact on the local economy, indicating that, in addition to providing mobility and accessibility to the transportation disadvantaged, rural transit services promote local economic development. The fiscal revenue impact of rural transit service varies depending on the availability and the amount of federal transit subsidy. If the current level of federal transit subsidy continues, the fiscal revenue impact is positive and is larger than 1.0 for the state as a whole. It shows that providing transit service can bring positive fiscal revenues to local governments, realizing that some fiscal revenues are transferred from the federal government. Without federal transit subsidies, local governments would need to pay for all the costs. The revenue impact thus would become smaller yet still positive and greater than 1.0.

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