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Enalysis Economic Impact Studies assess the way in which an initiative or policy, an
event or series of activities affects the local or regional economy. Such research may be
conducted as part of an appraisal of options (before a decision is made), or after a
project has been implemented - to see whether the effects on the economy are as
predicted.
The positive effects of new investments or facilities can be determined, as can the
negative effects resulting, for example, by the relocation of a major business or facility
such as a hospital or military base.
Over the past 20 years Enalysis staff has researched the economic impact effects of new
roads, buildings, air routes, cultural and sports events, landscapes, universities and
technology. All are based on assessing the difference that the new activity has made to
income, expenditure and employment in the local area or region.
Our work on the economic impact of tourism focuses upon the effects of specific events.
Hosting these events can generate substantial, short term, injections of income into a
local economy, but this type of analysis needs to be treated very carefully.
Some of the apparently new expenditure may have been made in the area anyway, there
may be multiplier effects as the expenditure flows through the economy and it is
important to consider the possibility that the new activities are 'crowding out' others.
While most economic impact studies are concerned with the immediate effects, our work
is increasingly looking at how sustainable these effects might be. For example, for most
major events there is growing emphasis on legacy and the contribution made to
regeneration.
event or series of activities affects the local or regional economy. Such research may be
conducted as part of an appraisal of options (before a decision is made), or after a
project has been implemented - to see whether the effects on the economy are as
predicted.
The positive effects of new investments or facilities can be determined, as can the
negative effects resulting, for example, by the relocation of a major business or facility
such as a hospital or military base.
Over the past 20 years Enalysis staff has researched the economic impact effects of new
roads, buildings, air routes, cultural and sports events, landscapes, universities and
technology. All are based on assessing the difference that the new activity has made to
income, expenditure and employment in the local area or region.
Our work on the economic impact of tourism focuses upon the effects of specific events.
Hosting these events can generate substantial, short term, injections of income into a
local economy, but this type of analysis needs to be treated very carefully.
Some of the apparently new expenditure may have been made in the area anyway, there
may be multiplier effects as the expenditure flows through the economy and it is
important to consider the possibility that the new activities are 'crowding out' others.
While most economic impact studies are concerned with the immediate effects, our work
is increasingly looking at how sustainable these effects might be. For example, for most
major events there is growing emphasis on legacy and the contribution made to
regeneration.
| Economic Impact Studies |
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