Messina Hof Wine and Jazz Festival: An Economic Impact Analysis

2002 ◽  
Vol 8 (3) ◽  
pp. 273-279 ◽  
Author(s):  
Michele D. Brown ◽  
Turgut Var ◽  
Seokho Lee
Keyword(s):  
Economic Impact ◽  
Impact Analysis ◽  
Personal Income ◽  
Single Event ◽  
Positive Economic ◽  
Economic Impact Analysis ◽  
Expenditure Data ◽  
The Us ◽  
Us Dollar ◽  
Total Sales

The purpose of the study was to estimate the economic impact on Brazos County, Texas, of a proposed weekend Wine and Jazz Festival to be produced by Messina Hof Winery. An economic impact analysis was performed using IMPLAN PRO software. The 1998 value of the US dollar and average weekend festival visitor expenditure data from Messina Hof Winery were used as inputs into the model. The results indicated that this single event would generate $892,981 in total sales output, $324,942 in personal income and the equivalent of 21.8 jobs. The conclusion was that the weekend Wine and Jazz Festival proposed by Messina Hof Winery would have a significant positive economic impact on Brazos County.

An explanation of economic impact: why positive impacts can exist for smaller sports

2016 ◽  
Vol 6 (2) ◽  
pp. 182-204 ◽  
Author(s):  
Nola Agha ◽  
Daniel A. Rascher
Keyword(s):  
Economic Impact ◽  
Impact Analysis ◽  
Economic Effects ◽  
Content Type ◽  
Sports Teams ◽  
Minor League Baseball ◽  
Positive Economic ◽  
Economic Impact Analysis ◽  
Explanatory Factors ◽  
Minor League

Purpose – The purpose of this paper is to understand why some sports show a positive economic impact and other sports do not, and to identify a common set of explanatory factors explaining the differences. Design/methodology/approach – This explanatory research reviews the economic impact literature to identify the underlying conditions that would theoretically allow any sport, large or small, to generate positive economic effects. Findings – Nine conditions are identified that, when present, could allow a community to experience a positive economic impact from a team or stadium. These are then used to explain the discrepancy in known empirical outcomes in major and minor league baseball (MiLB). It appears as if major league teams are more likely to violate the conditions than minor league teams. This research finds theoretical support for previous suggestions that smaller teams and events may be beneficial to local economies. In doing so, it also explains previous empirical results that found some MiLB classifications are associated with positive gains in per capita income. Practical implications – Stakeholders can use the nine conditions to understand expected economic impact of their relevant sports. This research provides a comprehensive guide to understanding when economic impact can be positive. Social implications – This research helps explain some of the existing controversy regarding economic impact analysis. Originality/value – It is the first research to help provide a pre-set of conditions that can help predict whether positive economic impact will occur for specific sports teams or stadium projects.

An Economic Impact Analysis of the US Biobased Products Industry

2021 ◽  
Author(s):  
Jesse Daystar ◽  
Robert Handfield ◽  
Jay S. Golden ◽  
Eric McConnell ◽  
Janire Pascual-Gonzalez
Keyword(s):  
Economic Impact ◽  
Impact Analysis ◽  
Biobased Products ◽  
Economic Impact Analysis ◽  
The Us

A Primer on the Assessment of Economic Impacts of Leisure Events

2020 ◽  
Vol 24 (1) ◽  
pp. 47-56
Author(s):  
Ove Oklevik ◽  
Grzegorz Kwiatkowski ◽  
Mona Kristin Nytun ◽  
Helene Maristuen
Keyword(s):  
Impact Assessment ◽  
Economic Impact ◽  
Study Design ◽  
Impact Analysis ◽  
Sensitivity Analyses ◽  
Primary Data ◽  
Music Festival ◽  
Economic Impact Analysis ◽  
Economic Impact Assessment ◽  
Input Variables

The quality of any economic impact assessment largely depends on the adequacy of the input variables and chosen assumptions. This article presents a direct economic impact assessment of a music festival hosted in Norway and sensitivity analyses of two study design assumptions: estimated number of attendees and chosen definition (size) of the affected area. Empirically, the article draws on a state-of-the-art framework of an economic impact analysis and uses primary data from 471 event attendees. The results show that, first, an economic impact analysis is a complex task that requires high precision in assessing different monetary flows entering and leaving the host region, and second, the study design assumptions exert a tremendous influence on the final estimation. Accordingly, the study offers a fertile agenda for local destination marketing organizers and event managers on how to conduct reliable economic impact assessments and explains which elements of such analyses are particularly important for final estimations.

Distributed Photovoltaic Economic Impact Analysis in Indonesia

2020 ◽  
Author(s):  
Carishma Gokhale-Welch ◽  
James McCall ◽  
David Keyser ◽  
Alexandra Aznar ◽  
Dr. Darghouth
Keyword(s):  
Economic Impact ◽  
Impact Analysis ◽  
Economic Impact Analysis

scholarly journals Territorial Marketing Applied to Cultural Tourism: Assessment of Cultural Event Impacts

2014 ◽  
Vol 11 ◽  
pp. 585-593 ◽  
Author(s):  
Claudia Ventura
Keyword(s):  
Economic Impact ◽  
Impact Analysis ◽  
Research Work ◽  
Cultural Tourism ◽  
Regional Studies ◽  
Input Output ◽  
Territorial Development ◽  
Event Marketing ◽  
Economic Impact Analysis ◽  
Territorial Marketing

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.

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