Regional Economic Impact Analysis and Project Evaluation
This book provides a non-technical introduction to the fundamental principles and techniques of regional impact and evaluation analysis. The book is written for readers who have a minimal background in mathematics and economics and so the materials listed in the bibliographies have been chosen for their accessibility to such readers. References to relevant papers of a more technical nature are indicated in notes in each reference. Unlike existing texts, which usually concentrate on regional impact or evaluation analysis, Regional Economic Impact Analysis and Project Evaluation offers an extensive introduction to both these subjects, since both are critical to the study and practice of regional economic analysis. Two case studies, intended as illustrations of practical applications, are included in each of the six chapters that deal with specific principles or techniques. While many of the case studies and much of the literature cited in the bibliographies is Canadian, a substantial portion is from the United States and Great Britain, demonstrating that the principles and techniques discussed in this book are universally applicable.
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PART ONE REGIONAL ECONOMIC IMPACT ANALYSIS
addition adopted approach appropriate assumed assumption base and income-expenditure base employment basic benefits and costs capital cent chapter commodity consideration construction consumer surplus consumption cost-benefit analysis costs and benefits discount rate distributional dollar economic activity economic base analysis economic base model effects employment multiplier equation equity estimate example expenditures external final demands firm funds homogeneous I-O model imperfect competition import income multipliers income-expenditure model incorporation increase indirect induced investment industry input input-output analysis input-output model labour Land Economics linkages location quotient manufacturing marginal propensity market prices matrix ment net present value nomic opportunity cost output particular payments present value problem producing sectors public sector rate of return regional economy regional income Regional Science result secondary benefits service sector shadow price social discount rate social opportunity cost social valuations spending stimulus STOL studies tion unemployed value added wage weights yield