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UAB - Economic Impact - Definitions

Direct Economic Impact Direct impact includes all direct effects the organization has on the region due to the organization's operations. These include direct employees, organizational spending, employee spending, and spending by patients and visitors to the organization.

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GRI 203: Indirect Economic Impacts - globalreporting

GRI 203 addresses indirect economic impacts, which are the additional consequences of the direct impact of financial transactions and the flow of money between an organization and its stakeholders. GRI 203 also addresses the impacts of an organization's infrastructure investments and services supported.

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Economic Impacts of Tourism Daniel J. Stynes

Economic impacts of Tourism Page # 1 Economic Impacts of Tourism Daniel J. Stynes Businesses and public organizations are increasingly interested in the economic impacts of tourism at national, state, and local levels. One regularly hears claims that tourism supports X jobs in an area or that a festival

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The Growing $1 Trillion Economic Impact of Software | BSA ...

Direct and indirect contributions are estimated using different multipliers: 1. Direct contributions: The levels of output or employment from the software industry directly. 2. Indirect impacts: The indirect impacts estimate the inter-industry economic activity resulting... 3. Induced impacts: ...

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American Petroleum Institute - api

In describing these economic impacts, this report considers three separate channels -- the direct impact, the indirect impact, and the induced impact -- that in aggregate provide a measure of the total economic impact of the US oil and natural gas industry. Direct impact is measured as the jobs, labor income, and value added within

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The top five ways transportation impacts economic ...

Traditionally, measuring return on investment for transportation initiatives has focused on direct user benefits and the economic impacts that arise from those cost savings. Estimating minutes of travel time saved by passengers or freight is acceptable, but some projects require more exploration and depth.

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Economic Impact | WTTC

Economic Impact. For more than 25 years we have spearheaded the global analysis of the economic importance of Travel & Tourism, and are the only global organisation that studies and publishes research on the sector's direct, indirect, and induced impact at a national, regional and global level on jobs, GDP, and trade and investment and more recently,...

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Economic Impact of Terrorism and the September 11 Attacks

The economic impact of terrorism can be calculated from a variety of perspectives. There are direct costs to property and immediate effects on productivity as well as longer-term, indirect costs of responding to terrorism.

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The ECONOMIC IMPACT of the U.S. RETAIL INDUSTRY

Direct impact is measured as the jobs, labor income, and gross domestic product ("GDP") within the US retail industry. Indirect impact is measured as the jobs, labor income, and GDP occurring

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What is economic impact? definition and meaning ...

Definition of economic impact: A macroeconomic effect on commerce, employment, or incomes produced by a decision, event, or policy.

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A Review of Economic Impact Studies on Sporting Events ...

Specifically, the economic impacts of expenditure are composed of direct, indirect, and induced effects. Direct effects are the purchases needed to meet the increased demand of visitors for goods and services.

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GRI 203: Indirect Economic Impacts - globalreporting

Background. An economic impact can be defined as a change in the productive potential of the economy that has an influence on a community's or stakeholder's well-being and longer-term prospects for development. GRI 203 addresses indirect economic impacts, which are the additional consequences of the direct impact of financial transactions and...

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Economic impact of HIV - ScienceDirect

Economic impact of HIV on health systems. The impact of HIV/AIDS on health systems is a double-edged sword; demand for care increases at the same time as the capacity for delivering services is eroded. Yet achieving and maintaining health is not only a fundamental human right, it is also crucial to enable macroeconomic growth.

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Economic and Social Impacts | National Invasive Species ...

The economic and social impacts of invasive species include both direct effects of a species on property values, agricultural productivity, public utility operations, native fisheries, tourism, and outdoor recreation, as well as costs associated with invasive species control efforts.

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Economic Impact Concepts - Michigan State University

An economic impact analysis estimates the changes in economic activity within a region resulting from some action. Several measures of the changes in economic activity can be generated. The most widely used are changes in sales (or spending), changes in regional income, and changes in employment.

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Direct Costs Estimates and Economic Impacts for .

Direct Economic Impact of Species. Scotch broom is more abundant in western Washington and extremely difficult to eliminate due to its size, dense stands, and because seed can remain viable for at least 30 years. More than half the counties in Washington are considered to have a significant presence of Scotch broom.

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The economic impact of obesity in the United States

Aug 30, 2010 · One of the most cited economic impacts of the obesity epidemic is on direct medical spending. Obesity is linked with higher risk for several serious health conditions, such as hypertension, type 2 diabetes, hypercholesterolemia, coronary heart disease (CHD), stroke, asthma, and arthritis.

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Inexpensively Estimating the Economic Impact of Sports ...

From these, we estimated economic impact by extrapolating spending and attendance averages from existing economic impact studies, adjusting the figures as necessary using published economic data. The nine-step process (see below) provides a systematic means of estimating total attendance, average daily spending and net direct spending effects.

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Economic Impact Calculator: Do It Yourself!

Economic Impact Calculator: Do It Yourself! Tereza Raabová Arts and Theatre Institute, Prague (Czech Republic) May 2014 Abstract Economic Impact studies have been a common tool in cultural advocacy for decades. However, it is not usually obvious how the study results were calculated, what methodology was used and what the numbers reflect.

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How a trade war would impact global growth | World ...

Aug 16, 2019 · To estimate the effects of trade tensions on global growth, we created an economic simulation. First, we calculated the direct impact of tariff hikes on GDP. Our simulation assumes that the US will put a 25% tariff on the $505 billion worth of goods imported by China, and that China will retaliate with 50% of the US tariff hike.

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Economic Impact of Physicians in the US - ama-assn

The national direct impact was calculated as the sum of the state-level direct impacts. While indirect impacts within a state are limited to effects within its borders, expanding the economic analysis area to the nation includes economic effects that reach into other states. Therefore, the total national economic impacts are larger than the sum ...

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