Economic Impact Analysis amid Rapid Change

Abstract

This article examines issues in conducting economic impact analyses in regions undergoing substantial or rapid transformations. Economic impact analysis methods, like many other analytical techniques, are predicated on economic stability, yet commonly are applied to situations that violate this condition with little consideration of the implications. Special attention is paid to regional input–output modeling because of its prevalence in economic impact studies and susceptibility to distortions. Advice and suggestions for practitioners and educators teaching analytical techniques are discussed. Military communities in the United States impacted by the 2005 round of base realignments provide illustrative examples and applications.

Economic Contribution Analysis of National Estuarine Research Reserves

“…Economic analyses have little impact if they are not effectively communicated to and used by decision makers [23]. The behavior of communities and the local policies they support influence the health of estuaries and ability of reserves to conserve and restore natural coastal habitats.…”

Communicating Economic Impact Assessments: How Research Results Influence Decision-maker Attitudes toward the Local Food Sector

“…Once the economic impact estimates were complete, COIC and HDFFA worked with Rural Development Initiatives, a statewide nonprofit, to develop a communication strategy that integrated the economic impact results with prior research on a regional food hub. This communication strategy included a factsheet highlighting the study's results, a presentation, and a press release that resulted in the publication of an article in the region's main newspaper (Ditzler, 2017). Additionally, COIC organized a series of meetings with the region's most influential local leaders and a group of statewide service providers to present the study's findings.…”