scholarly journals Events and Festivals Contribution for Local Sustainability

2021 ◽  
Vol 13 (3) ◽  
pp. 1520
Author(s):  
Leandro Pereira ◽  
Carlos Jerónimo ◽  
Mariana Sempiterno ◽  
Renato Lopes da Costa ◽  
Álvaro Dias ◽  
...  
Keyword(s):  
Lower Bound ◽  
Economic Impact ◽  
Local Economy ◽  
Theoretical Contribution ◽  
Actual Impact ◽  
Local Sustainability ◽  
Key Factor ◽  
The Impact ◽  
Direct Expenditure

Festivals can improve the image of host communities, making them an appealing destination and boosting local economy. However, it is hard to measure their actual impact, which is a key factor to justify governments’ initiatives. This study aims to verify how accurate direct expenditure analysis can be. First, the impact of new visitors’ expenditure is calculated based on a survey. Then, consumption indicators are used to forecast the actual economic impact of the festival. Finally, both results are compared. Even though the values gathered with consumption indicators are only a lower bound of the festival’s impact, this study found that assessing expenditure intentions during the festival leads to impact estimates that can be three times higher. The theoretical contribution of this study is to identify direct expenditure analysis weaknesses and how to reduce their effects.

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).

The Impact of International Joint Venture on Local Economy: A Case Study of Hero Honda

2015 ◽  
Vol 4 (1) ◽  
pp. 14-26 ◽  
Author(s):  
Aritra Saha ◽  
Utpal Chattopadhyay
Keyword(s):  
Joint Venture ◽  
Conflicts Of Interest ◽  
Core Competencies ◽  
Local Economy ◽  
International Joint Ventures ◽  
Production Volume ◽  
International Joint ◽  
Key Factor ◽  
Two Wheeler ◽  
The Impact

The Indian two-wheeler industry has undergone a long journey since its humble beginning in the late 1940s. During these eventful years, it has experienced great advancements in technology, tremendous increments in production volume and opening up of the market for global trade. India has now emerged as a global leader in two-wheeler production and trade. A key factor behind the creditable progress of this industry has been the operation of several international joint ventures (IJVs) such as Kawasaki Bajaj, TVS Suzuki, Kinetic Honda and Hero Honda. Of all IJVs, the partnership between Hero and Honda has been the longest and perhaps the most remarkable too. This article gives a brief overview of the Indian two-wheeler industry and presents a glimpse of the IJVs therein. It analyzes the impact of Hero Honda case, in detail, to showcase how a local manufacturer can team up with a global player and still achieve a synergy between their core competencies for enhancing efficiency, productivity and quality. The article narrates the transition from interfirm competition to cooperation and aims at finding out how management innovations by both the partners can help reduce conflicts of interest, avoid cannibalization of the products of individual firms and derive mutual benefits by aligning their individual targets to a common goal of market success.

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 The socio-economic impact of the Karoo National Park

Koedoe ◽  
2009 ◽  
Vol 51 (1) ◽  
Author(s):  
Melville Saayman ◽  
Andrea Saayman ◽  
Madelien Ferreira
Keyword(s):  
South Africa ◽  
Economic Impact ◽  
National Parks ◽  
National Park ◽  
Economic Value ◽  
Local Economy ◽  
Business Survey ◽  
Socio Economic Impact ◽  
Tourist Survey ◽  
The Impact

National parks in South Africa are seen as major tourism assets due to the wildlife and various activities for international and local visitors. Little is known of the socio-economic contribution of these parks to their respective local economies. The purpose of this research was to determine the socio-economic impact of the Karoo National Park (Karoo NP) in South Africa, especially the economic impact of the Karoo NP on the local economy, the impact of tourism business development in the Karoo district, and how the park affects the community. Three surveys were used to determine the socio-economic impact: a community survey, a business survey and a tourist survey. The results show that the park has an impact in terms of production, income generation and employment in the area, but this impact is not as significant as that of other national parks in South Africa. A small percentage (4%) of businesses in Beaufort West owe their existence to the Karoo NP, but most rely on tourist spending. For the park to have a greater impact, it is imperative to increase accommodation capacity, offer more activities and promote activities and attractions in the region.Conservation implication: The importance of this article lies in the economic value that conservation management generates as well as identifying the benefits that communities derive from the existence of a national park. It also supports the notion that conservation entails more than just conserving fauna and flora and highlights the interdependence of conservation, tourism and community participation.

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. 

scholarly journals The Economics of a Four-Day School Week: Community and Business Leaders’ Perspectives

2018 ◽  
Vol 5 (2) ◽  
pp. 168
Author(s):  
Jon Scott Turner ◽  
Kim Finch ◽  
Ximena Uribe-Zarain
Keyword(s):  
School District ◽  
Rural Communities ◽  
Economic Impact ◽  
The United States ◽  
Local Economy ◽  
Business Leaders ◽  
Day School ◽  
School Week ◽  
The Impact

The four-day school week is a concept that has been utilized in rural schools in the United States for decades and the number of schools moving to the four-day school week is growing. In many rural communities, the school district is the largest regional employer which provides a region with permanent, high paying jobs that support the local economy. This study collects data from 71 community and business leaders in three rural school districts that have transitioned to the four-day school week within the last year. Quantitative statistical analysis is used to investigate the perceptions of community and business leaders related to the economic impact upon their businesses and the community and the impact the four-day school week has had upon perception of quality of the school district. Significant differences were identified between community/business leaders that currently have no children in school as compared to community/business leaders with children currently enrolled in four-day school week schools.  Overall, community/business leaders were evenly divided concerning the economic impact on their businesses and the community. Community/business leaders’ perceptions of the impact the four-day school week was also evenly divided concerning the impact on the quality of the school district. Slightly more negative opinions were identified related to the economic impact on the profitability of their personal businesses which may impact considerations by school leaders. Overall, community/business leaders were evenly divided when asked if they would prefer their school district return to the traditional five-day week school calendar.

Competition Policy under Economic Crisis

2009 ◽  
pp. 54-69 ◽  
Author(s):  
A. Shastitko ◽  
S. Avdasheva ◽  
S. Golovanova
Keyword(s):  
Division Of Labor ◽  
Economic Crisis ◽  
Industrial Policy ◽  
Competition Policy ◽  
Transition Economy ◽  
Economic Recession ◽  
Price Rigidity ◽  
Key Factor ◽  
Policy Measures ◽  
The Impact

The analysis of competition policy under economic crisis is motivated by the fact that competition is a key factor for the level of productivity. The latter, in its turn, influences the scope and length of economic recession. In many Russian markets buyers' gains decline because of the weakness of competition, since suppliers are reluctant to cut prices in spite of the decreasing demand. Data on prices in Russia and abroad in the second half of 2008 show asymmetric price rigidity. At least two questions are important under economic crisis: the 'division of labor' between pro-active and protective tools of competition policy and the impact of anti-crisis policy on competition. Protective competition policy is insufficient in transition economy, especially in the days of crisis it should be supplemented with the well-designed industrial policy measures which do not contradict the goals of competition. The preferable tools of anti-crisis policy are also those that do not restrain competition.

DAMPAK KEBIJAKAN FISKAL TERHADAP KINERJA SEKTOR PERTANIAN DI SULAWESI TENGGARA

2017 ◽  
Vol 1 (1) ◽  
Author(s):  
La Ode Jabuddin ◽  
Ayub M Padangaran ◽  
Azhar Bafadal Bafadal
Keyword(s):  
Fiscal Policy ◽  
Interest Rates ◽  
Agricultural Sector ◽  
Simultaneous Equations ◽  
Poor People ◽  
Land Area ◽  
Factors Affecting ◽  
Historical Simulation ◽  
The Impact ◽  
Direct Expenditure

This study aims to: (1) Knowing the dynamics of fiscal policy and the performance of the agricultural sector, (2) Analyze the factors that influence fiscal policy and the performance                   of the agricultural sector, and (3) Analyzing the impact of fiscal policy on the performance of the agricultural sector. The data used in this study were pooled 2005-2013 data in the aggregate. Econometric model the impact of fiscal policy on the performance of the agricultural sector is built in the form of simultaneous equations, consisting of 7 equations with 25 total variables in the model, 7 endogenous variables, 12 exogenous variables, and 6 variables lag. The model is estimated by 2SLS method SYSLIN procedures and historical simulation with SIMNLIN procedure.The results showed that: (1) The development of fiscal policy in Southeast Sulawesi from year to year tends to increase, (2) The performance of the agricultural sector from the aspect of GDP has decreased, from the aspect of labor is still consistent, in terms of investment to grow positively, and assign roles which means to decrease the number of poor people, (3) factors affecting fiscal policy is local revenues, equalization funds, other revenues, as well as the lag fiscal policy, (4) the factors that affect the performance of the agricultural sector from the aspect GDP is labor, direct expenditure and GDP lag; from the aspect of labor is the total labor force, investment, land area, direct expenditure, as well as the lag of labor; from the aspect of investment is influenced by GDP per capita, land area, interest rates and investment lag; as well as from the aspect of poor people, are affected by population, investments, direct expenditure and poverty lag, (5). Fiscal policy impact on the agricultural sector GDP increase, a decrease in the number of poor, declining agricultural laborers, and a decrease in the amount of investment in the agricultural sector.Keywords: Fiscal policy, the performance of the agricultural sector, the simultaneous equations

Empowering Women Entrepreneurs Through Microfinance - A Case of Rural Bangladesh

2017 ◽  
Vol 3 (2) ◽  
pp. 7
Author(s):  
Saida Parvin
Keyword(s):  
Women's Empowerment ◽  
Assessment Tools ◽  
Women’S Empowerment ◽  
Case Study Method ◽  
Policy Makers ◽  
Theoretical Contribution ◽  
Donor Agencies ◽  
Definition Of ◽  
The Impact

Women’s empowerment has been at the centre of research focus for many decades. Extant literature examined the process, outcome and various challenges. Some claimed substantial success, while others contradicted with evidence of failure. But the success remains a matter of debate due to lack of empirical evidence of actual empowerment of women around the world. The current study aimed to address this gap by taking a case study method. The study critically evaluates 20 cases carefully sampled to include representatives from the entire country of Bangladesh. The study demonstrates popular beliefs about microfinance often misguide even the borrowers and they start living in a fabricated feeling of empowerment, facing real challenges to achieve true empowerment in their lives. The impact of this finding is twofold; firstly there is a theoretical contribution, where the definition of women’s empowerment is proposed to be revisited considering findings from these cases. And lastly, the policy makers at governmental and non-governmental organisations, and multinational donor agencies need to revise their assessment tools for funding.

Impact of Tourist Arrivals on Revenue Generation In Jammu and Kashmir

Think India ◽  
2019 ◽  
Vol 22 (2) ◽  
pp. 178-185
Author(s):  
Rayees Ahmad Wani ◽  
Dr. Ishrat Khan ◽  
Maqsoodah Akhter
Keyword(s):  
Economic Development ◽  
Economic Impact ◽  
Tourist Destination ◽  
Jammu And Kashmir ◽  
Revenue Generation ◽  
Policy Perspective ◽  
Secondary Sources ◽  
State Present ◽  
The Impact

The present study examined the impact of tourist arrivals on revenue generation. The results revealed that tourist arrivals accounts 51 per cent variation in revenue generation. Jammu and Kashmir State has a tremendous potential to become a major global tourist destination. Importance of tourism in J&K economy is known for decades now and its role in economic development has been an area of great interest from policy perspective. The tourism is being the key contributor in the economic development of J&K state. To understand the economic impact of tourism in the J&K state, present paper uses secondary sources of data and tries to examine the economic development such as tourist inflow, revenue generation.

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