Determining Economic Contributions and Impacts: What is the difference and why do we care?

Philip Watson, Joshua Wilson, Dawn Thilmany and Susan Winter

Journal of Regional Analysis and Policy, 2007, vol. 37, issue 2, 7

Abstract: Economic contribution and impact studies are common tasks for regional economists, but the semantics of the discipline suffer from a lack of standardization with respect to dif-ferences between economic contributions, impacts and benefits. These terms refer to 3 dis-tinct metrics which are useful for answering different questions and each has situations when their use is appropriate. This article provides a pedagogical and methodological framework for how and when these terms should be applied in the context of regional eco-nomic analysis. Past studies are reviewed and a standardized semantic is presented. It is recommended that economists working in this field use a more explicit and unified termi-nology and methodology when conducting regional economic analysis.

Keywords: Financial Economics; Productivity Analysis (search for similar items in EconPapers)
Date: 2007
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Citations: View citations in EconPapers (31)

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Persistent link: https://EconPapers.repec.org/RePEc:ags:jrapmc:132414

DOI: 10.22004/ag.econ.132414

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