E
Economic Impact Analysis: What it actually means?
Economic impact analysis estimates how a project, investment, event or policy will affect an economy in terms of jobs, income, output, taxes and sometimes environmental or social outcomes. Consultants use input–output or similar models, along with project-specific data, to quantify direct, indirect and induced effects. This is frequently required to justify public funding, obtain approvals or communicate benefits to stakeholders. A transparent impact analysis helps sponsors and authorities understand the wider value of a project, not just the financial return to the promoter.
