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.
Part 1: Regional Economic Impact Analysis
2 Economic Base Analysis
Case Study 1: An Economic Base Study of a Nova Scotia Region
Case Study 2: A Regression Base Multiplier Model for Kentucky Counties
3 Income-Expenditure Analysis
Case Study 1: An Income-Expenditure Multiplier for a Newly Locating Firm
Case Study 2: The Local Economic Impact of Kent State University
4 Input-Output Analysis
Case Study 1: An Input-Output Model of Metropolitan Vancouver
Case Study 2: An Input-Output Model of the Yukon Territory
Appendix 1: A Mathematical Summary of the Input-Output Model
Appendix 2: The Rectangular Commodity by Industry Input-Output Format
5 Regional Economic Impact Analysis: A Comparison of Approaches
Part Two: Project Evaluation Analysis
6 Cost-Benefit Analysis: The Evaluation of Social Costs and Benefits
Case Study 1: The Evaluation of Recreation Benefits at Grafham Water
Case Study 2: Cost-Benefit Analysis in the Evaluation of STOL Air Transport
7 Cost-Benefit Analysis: Discounting Future Benefits and Costs
Case Study 1: A Cost-Benefit Analysis of an Urban Renewal Project
Case Study 2: A Cost-Benefit Analysis of a New Zealand Aluminum Smelter
8 Cost-Benefit Analysis: Risk Adjustment and Distributional Considerations
Case Study 1: Distributional Analysis and the Third London Airport
Case Study 2: An Evaluation of Alternative Uses for an Urban Land Parcel
9 Economic Evaluation Analysis: A Summary
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