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Economic Impact Analysis in Land Use Planning
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Economic Impact Analysis in Land Use Planning

Economic Impact Analysis in Land Use Planning

55 min

An economic impact analysis can measure direct impacts on individual facilities, whole firms, and industrial sectors, for example, as well as indirect impacts on consumers and suppliers. Especially when there is a need to allocate resources among competing projects or assess an investment policy, an economic impact analysis can be an important tool for helping community leaders estimate how spending associated with a particular event, project, or industry flows through a regional economy. In this course, you will learn how to use input-output models (I/O model) to conduct an economic impact analyses and learn examples of how economic impact analyses apply in a wide range of planning projects.

In This Course

  1. Todd Poole introduces the course.
  2. Input-Output Modeling: Overview
    This chapter introduces IMpact PLanning and Analyses (IMPLAN), as an example of a common input-output model (I/O model) used for economic impact analyses.
  3. Project Inputs
    This chapter provides an overview of typical project inputs: hard and soft costs, construction and operation timeline, industry activities, and estimated employment and wages.
  4. Project Outputs
    This chapter reviews project outputs.
  5. Modeling Considerations
    This chapter provides an overview of modeling considerations: study area definition, multi-Regional Input-Output (MRIO) Analysis, gross v. net impacts, price adjustments, and opportunity costs.
  6. Case Study: Student Housing
    This chapter provides an example of an economic impact analysis implemented for a proposed student housing project.
  7. Case Study: Infrastructure Alternatives
    This chapter provides an additional example, from an infrastructure project for a utility company.

Published 2016