Economic impact analysis: Methodological note

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dc.contributor.authorBlack P.A.
dc.date.accessioned2011-05-15T15:57:42Z
dc.date.available2011-05-15T15:57:42Z
dc.date.issued2004
dc.description.abstractThe purpose of this note is to provide a synopsis of the economic impact model used by economists involved in cost-benefit analysis or who are interested in estimating the direct, indirect and multiplier-induced effects of a relatively small investment project. Such efforts have a long history in the literature, beginning with the input-output based models of the regional income multiplier in the 1960s and 1970s, and culminating more recently in the broadly based and detailed social accounting matrices (SAMS) and computable general equilibrium (CGE) models. Whilst the latter models are particularly useful when simulating the inter-industry and inter-household effects of a given macroeconomic policy change, it is often more cost-effective to use a smaller version of these models to capture the overall economic impact of an individual investment project.
dc.description.versionArticle
dc.identifier.citationSouth African Journal of Economics
dc.identifier.citation72
dc.identifier.citation5
dc.identifier.issn382280
dc.identifier.urihttp://hdl.handle.net/10019.1/10548
dc.subjectcost-benefit analysis
dc.subjecteconomic analysis
dc.subjecteconomic impact
dc.titleEconomic impact analysis: Methodological note
dc.typeArticle
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