Search the World's Largest Database of Information Science & Technology Terms & Definitions
InfInfoScipedia LogoScipedia
A Free Service of IGI Global Publishing House
Below please find a list of definitions for the term that
you selected from multiple scholarly research resources.

What is Economic Impact Analysis

Chapter 5
Challenges and Opportunities for Transportation Services in the Post-COVID-19 Era
Methodology used to estimate the direct, indirect, and induced effects of a change in economic activity, policy change or project taking place in a particular area on various outcomes. These outcomes are generally output, value added, earnings, and employment.
Published in Chapter:
The Economic Impact of COVID-19 in the Air Transportation Industry: Estimates From a Regional Input-Output Model
Rafael Perez (University of Texas at El Paso, USA) and Ana Cecilia Camargo (Erasmus University, Rotterdam, The Netherlands)
Copyright: © 2022 |Pages: 16
DOI: 10.4018/978-1-7998-8840-6.ch005
Abstract
Public policy design plays a significant role in alleviating the economic effects caused by this pandemic in local economies across the globe. This chapter suggests the use of input-output analysis (IO) to provide guidelines to stakeholders and policy makers in the air transportation sector to address economic concerns during the pandemic and in the post-pandemic era. IO is helpful in estimating the economic effects of COVID-19 pandemic in the air transportation sector and allows to estimate its impact on other economic sectors in a local economy. Output, value added, employment, and personal income are the variables estimated through IO. The chapter applies IO technique to evaluate the economic impact of COVID-19 on the air transportation sector in Austin, Texas. Impact estimates suggest a total loss of $1.02 billion USD in Austin MSA's economy in 2020; the number of jobs lost are estimated at 3.87 thousand and the total loss in personal income at $229.97 million USD in Austin MSA in 2020. Lastly, the value-added loss in Austin MSA is estimated at $514.20 USD in 2020.
Full Text Chapter Download: US $37.50 Add to Cart
More Results
Chapter 12
Big Data Thinking of Economy, Investment, and Business in COVID-19
An analysis method of examining the impact of an event on economy of a community.
Published in Chapter: Big Data Thinking of Economy, Investment, and Business in COVID-19; From: Applied Big Data Analytics and Its Role in COVID-19 Research
Full Text Chapter Download: US $37.50 Add to Cart
eContent Pro Discount Banner
InfoSci OnDemandECP Editorial ServicesAGOSR