12.07.2015 Views

Kingscote Airport Business Case Appendices - Kangaroo Island ...

Kingscote Airport Business Case Appendices - Kangaroo Island ...

Kingscote Airport Business Case Appendices - Kangaroo Island ...

SHOW MORE
SHOW LESS
  • No tags were found...

Create successful ePaper yourself

Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.

<strong>Kangaroo</strong> <strong>Island</strong> Futures Authority Draft Economic Impact of Agriculture and TourismIndirect (or flow-on) impacts are the sum of production-induced impacts, consumptioninducedimpacts and offsetting consumption effects.• Production-induced impacts are the sum of first-round impacts (i.e. estimates of therequirement for, or purchases of, goods and services from other sectors in theeconomy generated by the initial economic activity) and industrial support impacts(i.e. output and employment resulting from second, third and subsequent rounds ofspending by firms). Production-induced impacts are sometimes referred to as 'indirecteffects'.• Consumption-induced impacts are additional output and employment resulting fromre-spending by households that receive income from employment in direct andindirect activities. Consumption-induced effects are sometimes referred to as 'inducedeffects'.• Offsetting consumption effects are 'lost' consumption expenditure by the localunemployed before taking a job or 'new' consumption expenditure of those losing ajob as they shift to welfare payments.Total impacts are the sum of direct and indirect (flow-on) impacts.e c o n s e a r c hPage| 7

Hooray! Your file is uploaded and ready to be published.

Saved successfully!

Ooh no, something went wrong!