Conducting Economic Impact Studies Using Undergraduate Business Students: A Tale of Two Experiences

2004 ◽  
Author(s):  
John M. Misner
Keyword(s):  
Economic Impact ◽  
Business Students ◽  
Impact Studies ◽  
Economic Impact Studies ◽  
Undergraduate Business Students

scholarly journals The Use Of Economic Impact Studies As A Service Learning Tool In Undergraduate Business Programs

2004 ◽  
Vol 1 (11) ◽  
Author(s):  
John M. Misner
Keyword(s):  
Service Learning ◽  
Economic Impact ◽  
Business Students ◽  
Economic Benefits ◽  
Business Programs ◽  
Impact Studies ◽  
Effective Manner ◽  
Economic Impact Studies ◽  
Service Learning Projects ◽  
Learning Projects

This paper examines the use of community based economic impact studies as service learning tools for undergraduate business programs.  Economic impact studies are used to measure the economic benefits of a variety of activities such as community redevelopment, tourism, and expansions of existing facilities for both private and public producers.  Economic impact studies when structured as service learning projects provide an experiential learning environment for business students, affording them with the opportunity of applying the knowledge and skills learned in the classroom while at the same time engaging in community service.  Such projects can expose students to the importance of corporate social responsibility and help involved faculty to remain current in their fields of expertise while providing pedagogical and practice oriented avenues for research.  Clients gain access to expertise in a cost effective manner.  When done effectively, service learning projects in undergraduate business programs generate goodwill and favorable publicity while helping academic institutions meet mission statements and address specific accreditation standards.

Costs: The Rest of the Economic Impact Story

2013 ◽  
Vol 27 (5) ◽  
pp. 379-392 ◽  
Author(s):  
John L. Crompton ◽  
Dennis R. Howard
Keyword(s):  
Economic Impact ◽  
Opportunity Cost ◽  
Return On Investment ◽  
Property Taxes ◽  
External Costs ◽  
Maintenance Costs ◽  
Capital Costs ◽  
Impact Studies ◽  
Operations And Maintenance ◽  
Economic Impact Studies

Economic impact studies are frequently commissioned to justify investments in sport projects. However, decisions also should include a consideration of a project’s costs since it is the net return on investment that should drive decisions. Whenever taxpayer funds are expended on a sports project there is an opportunity cost. Three types of opportunity cost are discussed. Explicit costs are those for which a government entity “writes a check.” They are comprised of event costs, land and infrastructure costs, and operations and maintenance costs. Implicit costs are those which remain “hidden” from most taxpayers: foregone property taxes, strategic underestimation of capital costs, displacement costs, and an inequitable nexus between payers and beneficiaries. External costs are those incurred by taxpayers beyond the boundaries of a local jurisdiction.

Methodology to Reduce Bias in Tourism-Driven Economic Impact Studies

2013 ◽  
Vol 41 (4) ◽  
pp. 451-452 ◽  
Author(s):  
L. Taylor Damonte ◽  
John G. Marcis ◽  
Thomas Rella
Keyword(s):  
Economic Impact ◽  
Impact Studies ◽  
Economic Impact Studies
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