2008
DOI: 10.1080/13549830701669005
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Measuring the local economic impact of National Health Service procurement in the UK: an evaluation of the Cornwall Food Programme and LM3

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Cited by 31 publications
(48 citation statements)
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“…LM3 incorporates three rounds: the first measures a source of income, the second determines of how much of income is spent locally, and the third determines how much of this spent income is re-spent within a defined geographic area (Sacks, 2002). Thatcher and Sharp (2008) however, caution that LM3 methodology may be too simplistic and is reliant on assumptions, estimation patterns and sampling. 4 Indeed, some of these criticisms may also be aimed towards other Keynesian type multipliers (Armstrong and Taylor, 2000).…”
Section: Rural Economies Rural Development and Organic Farmingmentioning
confidence: 96%
See 1 more Smart Citation
“…LM3 incorporates three rounds: the first measures a source of income, the second determines of how much of income is spent locally, and the third determines how much of this spent income is re-spent within a defined geographic area (Sacks, 2002). Thatcher and Sharp (2008) however, caution that LM3 methodology may be too simplistic and is reliant on assumptions, estimation patterns and sampling. 4 Indeed, some of these criticisms may also be aimed towards other Keynesian type multipliers (Armstrong and Taylor, 2000).…”
Section: Rural Economies Rural Development and Organic Farmingmentioning
confidence: 96%
“…Thatcher and Sharp (2008) do acknowledge thatSacks (2002, p. 19) originally conceived LM3 as a "quick and simple" tool for communities, businesses and local authorities to calculate local multiplier effects, rather than a sophisticated measure.…”
mentioning
confidence: 95%
“…Local food systems represent a significant part of the broader alternative food movement (see Tregear, 2011;Watts et al, 2005), to the extent that the notion of 'local food' has become something of a mantra for those intent on developing alternatives to the mainstream food supply chain, with a wide range of research undertaken on the role of local food in rural geography and cognate disciplines (e.g. Dowler et al, 2004;Holloway et al, 2007;Ilbery and Maye, 2006;Ricketts Hein et al, 2006;Thatcher and Sharp, 2008;Weatherell et al, 2003). At a governmental level, however, the significance of local food within the UK's food supply chain has seemingly now been sidelined by a new imperative that involves ensuring food security and resilience through a reliance on global food markets.…”
Section: Introductionmentioning
confidence: 99%
“…Such models also ignore the pattern of transactions within the area under analysis and therefore would be unable to highlight the spatial concentration of agricultural transactions identified in the North East Scotland study area. The New Economics Foundation's Local Multiplier 3 (LM3) technique (Sacks, 2002) has more potential in this respect but, as Thatcher and Sharp (2008) note, has several methodological shortcomings.…”
Section: Discussionmentioning
confidence: 98%