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The economic event analyzed can include implementation of a new policy or project, or may simply be the presence of a business or organization. An economic impact analysis is commonly conducted when there is public concern about the potential impacts of a proposed project or policy. [1] [2]
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The 2023 events raked in an estimated $4.8 million in economic impacts across hotels, retail, transportation, restaurants and jobs supported. This year’s impact estimates sit at around $6.8 million.
An event study is a statistical method to assess the impact of an event (also referred to as a "treatment"). [1] Early prominent uses of event studies occurred in the field of finance. [1] For example, the announcement of a merger between two business entities can be analyzed to see whether investors believe the merger will create or destroy value.
The IMPLAN input-output model is a quantitative economic software, technique, or data that facilitates analysis of spending. [1] This analytic tool, created by the U.S. Forest Service and the University of Minnesota, uses the Bureau of Economic Analysis (BEA) input-output criterion combined with other data to compile tables that identify cash flows between different sectors of the economy.
Holland said the current economic impact estimates are tied to the old number of 64 matches and will be revised up once it is known how many of the 104 matches will be hosted in Kansas City.
An economic input-output life-cycle assessment, or EIO-LCA involves the use of aggregate sector-level data to quantify the amount of environmental impact that can be directly attributed to each sector of the economy and how much each sector purchases from other sectors in producing its output.
The event is also expected to have an economic impact of over $70 million. From March to July 2028, the 2028 U.S. Bowling Congress (USBC) Open Championships will take place at the Greenville ...