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Article
Publication date: 29 September 2021

Anthia Maniati, Efstratios Loizou, Dimitrios Psaltopoulos and Konstadinos Mattas

The economic and social problems, including high unemployment, facing the Greek economy in recent years are substantial. The role of the agri-food sector and agriculture in…

Abstract

Purpose

The economic and social problems, including high unemployment, facing the Greek economy in recent years are substantial. The role of the agri-food sector and agriculture in dealing with unemployment is a concern. To support the agricultural economy, a Common Agricultural Policy (CAP) 2007–2014 was adopted and implemented in the EU Member States. However, boosting employment, in the industry itself and indirectly in the economy, has almost never been a key goal of any policy. The purpose of this paper is to examine the role of the CAP 2014–2020 in maintaining and enhancing employment and income distribution in the region of Central Macedonia.

Design/methodology/approach

The authors used the regional social accounting matrix (SAM), which examines the depiction of the interconnections between the sectors of economic activity and local economy (households, businesses, public) but also interconnections and transactions with the rest of the world. The SAM presents a more complete picture of the economic figures of the region, evaluating the interconnections of cross-sectoral relations and the implemented policies, both in the production sectors and in the regional society.

Findings

For the Central Macedonia region, the agricultural sector is a key player, holding a regulatory role for regional economic viability, and shows marked connections with the other industry branches of the region.

Originality/value

The new CAP 2014–2020 through Pillar 2–Rural Development may reinforce the new role of the industry in terms of the environment, integrated rural development and social structure of rural areas, ensuring coherence.

Details

Agricultural Finance Review, vol. 82 no. 4
Type: Research Article
ISSN: 0002-1466

Keywords

Article
Publication date: 31 December 2015

Xiana T. Santos, Stephen C. Grado and Kevin M. Hunt

The purpose of this paper is to evaluate and improve the current methodology of securing and collecting data sources for use in the Impact Analysis for Planning (IMPLAN) model to…

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Abstract

Purpose

The purpose of this paper is to evaluate and improve the current methodology of securing and collecting data sources for use in the Impact Analysis for Planning (IMPLAN) model to more accurately use, and be able to support, inputs and outputs from economic impact models, specifically those generated by IMPLAN.

Design/methodology/approach

Primary expenditure data were derived from an extensive mail survey conducted during the 2005-2006 Mississippi waterfowl-hunting season. Survey results were analyzed using the IMPLAN software model default data and comparing it with new, more localized state data that were collected in 2010. Industry sectors were sorted and ranked after analysis based on sector importance to the economy and IMPLAN default data were replaced by localized data.

Findings

Economic contributions generated from the survey-based default model were $158 million (2010 USD) supporting 1,981 full- and part-time jobs. Economic contributions using survey-based data replacement model were $153 million (2010 USD) supporting 1,517 full- and part-time jobs. Separate model runs of the survey-based data replacement model yielded vastly different results, making the case for changing as many sectors with larger impacts as possible.

Research limitations/implications

The makeup and components of sectors used and described by the IMPLAN model were at times not clearly labeled which at times hindered the process of comparing and replacing data. It was evident that IMPLAN sectors were too highly aggregated.

Originality/value

This project will contribute to efforts within Mississippi aimed at protecting and promoting its natural resources for conservation and use for both the private and public sector.

Details

International Journal of Social Economics, vol. 43 no. 1
Type: Research Article
ISSN: 0306-8293

Keywords

Article
Publication date: 2 July 2020

Yumei Zhang, Xinshen Diao, Kevin Z. Chen, Sherman Robinson and Shenggen Fan

The purpose of this study is to assess the potential economic cost of the COVID-19 pandemic on China's macroeconomy and agri-food system and provide policy recommendations to…

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Abstract

Purpose

The purpose of this study is to assess the potential economic cost of the COVID-19 pandemic on China's macroeconomy and agri-food system and provide policy recommendations to stimulate economic growth and agri-food system development.

Design/methodology/approach

An economy-wide multisector multiplier model built on China's most recent social accounting matrix (SAM) for 2017 with 149 economic sectors is used to assess the impact of COVID-19 on China's macroeconomy and agri-food system. SAM multiplier analysis focuses on supply chain linkages and captures the complexity of an interconnected economy.

Findings

The paper finds that both the macroeconomy and agri-food systems are hit significantly by COVID-19. There are three main findings. First, affected by COVID-19, GDP decreased by 6.8% in the first quarter of 2020 compared with that in 2019, while the economic loss of the agri-food system is equivalent to 7% of its value added (about RMB 0.26 trillion). More than 46m agri-food system workers (about 27% of total employment) lost their jobs to COVID-19 in the lockdown phase. The COVID-19 affects the employment of unskilled labor more than that of skilled labor. Second, when the economy starts to recover during the second and third quarters, the growth rate in the value added of the agri-food system turns positive but still modest. Many jobs resume during the period, but the level of agri-food system employment continues to be lower than the base. The agri-food system employment recovery is slower than that of other sectors largely due to the sluggish recovery of restaurants. Agri-food system employment drops by 8.6m, which accounts for about 33% of the total jobs lost. Third, although the domestic economy is expected to be normal in the fourth quarter, external demand still faces uncertainties due to the global pandemic. The agri-food system is projected to grow by 1.1% annually in 2020 with resuming export demand, while only by 0.4% without resuming export demand. These rates are much lower than an annual growth rate of 4.3% for the agri-food system in 2019. The results also show that, without resuming export demand, China's total economy will grow less than 1% in 2020, while, with export demand resumed, the growth rate rises to 1.7%. These rates are much lower than an annual GDP growth rate of 6.1% in 2019.

Practical implications

The results show that continuously reducing economic dependency on exports and stimulating domestic demand are key areas that require policy support. The agri-food system can play an important role in supporting broad economic growth and job creation as SMEs are major part of the AFS. Job creation requires policies to promote innovation by entrepreneurs who run numerous SMEs in China.

Originality/value

This paper represents the first systematic study assessing the impact of COVID-19 on China's agri-food system in terms of value added and employment. The assessment considers three phases of lockdown, recovery and normal phases in order to capture the full potential cost of COVID-19.

Details

China Agricultural Economic Review, vol. 12 no. 3
Type: Research Article
ISSN: 1756-137X

Keywords

Article
Publication date: 15 June 2015

Hyojin Kim and Byung-Gook Kim

The purpose of this paper is to be limited to provide an overall economic structure linked with a particular hospitality industry by identifying the economic structure of…

4853

Abstract

Purpose

The purpose of this paper is to be limited to provide an overall economic structure linked with a particular hospitality industry by identifying the economic structure of relations between the two hotel industries and other industries within a particular state in the USA.

Design/methodology/approach

The analyses of output, labor income and employment multipliers from the input–output system were performed using the IMPLAN 3.0 software. The study attempted to compare the hotel/motel industry (industry code 411) and the accommodations industry (industry code 412) with the top ten industries and averages of each set of multipliers to estimate the relative importance and contribution of the two hotel industries to the economy of Texas. After this comparison, the aggregated input–output tables and multipliers were prepared to determine the economic inter-relationship between the two combined hotel industries (industry code 411 plus industry code 412) and the non-hotel industries, using the criteria of the NAICS (North American Industry Classification System).

Findings

The three findings of this study are summarized as follows. First, the two hotel industries impacted the state economy due to a high induced effect from output and a considerable direct, indirect and induced effect from labor income and employment, despite their relatively lower multipliers and the economic downturn in the state. Second, the hotel-related industry had a strong inter-dependent relationship with the finance and insurance-related industries. Finally, while the hotel industry generated more labor income and employment than did the other accommodations industry, it is interesting that the other accommodations industry created more output than did the hotel industry.

Research limitations/implications

Other than limitations pertaining to assumptions of input-output model, an input-output analysis alone cannot become the best analytical method for decision-making. The study was a cross-sectional study with 2009 data and did not incorporate a time-series flow of the state economic structure over several decades. A study of the inter-relationship among varied states bordering the state could be worthwhile to identify the flow of inputs and outputs.

Originality/value

Despite a considerable number of research in measuring the economic impacts, this paper was of great significance, in that the economic impact of the hotel industry that has never been performed in a particular state of the USA was analyzed. Additionally, these quantified economic data and results should be helpful to future plans and policies associated with the hotel industry.

Details

Tourism Review, vol. 70 no. 2
Type: Research Article
ISSN: 1660-5373

Keywords

Article
Publication date: 5 October 2012

Melville Saayman and Andrea Saayman

The Comrades Marathon is a world‐renowned ultra marathon that takes place yearly between the cities of Pietermaritzburg and Durban in KwaZulu‐Natal, South Africa. It attracts…

2995

Abstract

Purpose

The Comrades Marathon is a world‐renowned ultra marathon that takes place yearly between the cities of Pietermaritzburg and Durban in KwaZulu‐Natal, South Africa. It attracts athletes from around the world, and boasts a participation of more than 14,000. The purpose of this article is to determine the impact that this marathon has on the provincial economy – a manufacturing‐based economy.

Design/methodology/approach

Spending data of participants and their accompanying spectators were compiled by means of surveys and participants were split into categories based on their origin. The provincial Social Accounting Matrix is used to quantify the impact of this spending stimulus on production, income and job creation within the province.

Findings

The results show that Comrades Marathon contributes significantly to the provincial economy and that more than 600 jobs are dependent on the event.

Research limitations/implications

It has a larger impact on the local economy than many similar sport events and this is attributed to the specialised nature of the event as well as its status as an ultra‐marathon.

Originality/value

This research is one of few on ultra‐marathons and the focus is on participants’ spending behaviour during the event.

Details

International Journal of Event and Festival Management, vol. 3 no. 3
Type: Research Article
ISSN: 1758-2954

Keywords

Article
Publication date: 8 October 2018

Zaini Achmad

This paper aims to analyze the superior economic sector by looking at its contribution to the gross regional domestic product (GRDP) of East Kalimantan Province, the economic…

Abstract

Purpose

This paper aims to analyze the superior economic sector by looking at its contribution to the gross regional domestic product (GRDP) of East Kalimantan Province, the economic base, the multiplier effect and the strength of inter-sectoral linkages.

Design/methodology/approach

This study was designed through two research approaches, namely, quantitative and qualitative method. This is intended to complement the results of the phenomenon under study and to strengthen the analysis. Secondary data were analyzed by the level of contribution of the economic sectors to the GRDP, and the base sector was determined through the location quotient approach. The two methods of calculation helped to reveal the dominant economic sectors in East Kalimantan Province. The Input Output (IO) Table in 2016 was made up dated from the 2009 IO Table to be used as a basis for building Social Accounting Matrix data or known as the East Kalimantan Regional Socio-Economic Balance System (SEBS) (a matrix of 49 × 49 sectors) in 2017 by using the RAS method. To be consistent, these SEBS data are then aggregated so all commodities are combined into economic sectors used to determine the leading sector on the East Kalimantan Province SEBS in 2016 (a matrix of 41 × 41 sectors).

Findings

Based on the assessment by scoring of the criteria for determining the leading economic sectors in East Kalimantan, i.e. the contribution of the economic sector to GRDP, the economic base, the multiplier effect (income, production factor, and output) and the linkages between sectors, both backward and forward linkage, shows the ten leading sectors as follows: the trade; paper and printed goods; financial institutions and other financial services; fertilizer; chemical and other rubber products; hotel and restaurant; general government; fisheries; excavation; and mining without oil and gas.

Originality/value

Similar research has never been done before in East Kalimantan; this is one of the originalities of this present study. No previous study has comprehensively studied the mediating effects of tourist value perception on the determination of economic sector, especially in Kalimantan, Indonesia.

Details

Journal of Chinese Economic and Foreign Trade Studies, vol. 11 no. 3
Type: Research Article
ISSN: 1754-4408

Keywords

Article
Publication date: 9 January 2020

Pedro Esteban Moncarz and Sergio Victor Barone

Brazil, a large developing economy whose main exports consist of primary commodities, benefited greatly from the boom in commodity prices during the first decade of the current…

Abstract

Purpose

Brazil, a large developing economy whose main exports consist of primary commodities, benefited greatly from the boom in commodity prices during the first decade of the current century. However, with a large share of its population with low and very low incomes, there is a potential for some adverse redistributive effects. The purpose of this paper is to address this issue by simulating the ex ante effects using a mixed endogenous–exogenous social accounting matrix (SAM) price model.

Design/methodology/approach

The methodology consists of two parts. First, using a mixed endogenous–exogenous SAM price model, the authors obtain the elasticities of domestic prices (goods, services and factors) in response to the increase in international prices of three types of commodities: agricultural, oil/gas and minerals. Second, the authors run micro-simulations at the household level on welfare effects, as well as on some distributive indices. Analysis at the regional level is also carried out.

Findings

Following increases in the international prices of primary commodities, the responses of internal prices (goods, services and factors) mean a welfare loss all over the entire distribution of household per capita expenditure; the least affected are those households at the low end and around the median of the distribution. However, the differences among households are not very important. Moreover, once we take into account government transfers and payments from social security, the magnitude of the effects reduces even further. Also, inequality indices and poverty rates show little responsiveness to the simulated shocks. Finally, poorer regions are the most likely to be affected, but also the distribution of effects across households shows differences between regions.

Originality/value

Economies with comparative advantages in the production of primary commodities can benefit at a macro-level from the increase in the international prices of such commodities. However, when a large part of the population spends a high proportion of its income on goods whose prices may be affected by the increase in commodity prices, there is a room for some undesirable effects from a redistributive standpoint. This study provides valuable results about such potential effects for Brazil, a large developing economy.

Details

International Journal of Emerging Markets, vol. 15 no. 5
Type: Research Article
ISSN: 1746-8809

Keywords

Article
Publication date: 15 March 2013

Larissa Davies, Richard Coleman and Girish Ramchandani

The purpose of this paper is to focus on the methodologies used to evaluate major events. It aims to establish the most practically‐relevant methodology for analysing the economic…

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Abstract

Purpose

The purpose of this paper is to focus on the methodologies used to evaluate major events. It aims to establish the most practically‐relevant methodology for analysing the economic impact of routinely‐held major events and to identify the key methodological issues for future consideration.

Design/methodology/approach

The paper draws on empirical research undertaken by the Sport Industry Research Centre using the direct expenditure approach (DEA).

Findings

The DEA is the most pragmatic and cost‐effective method for evaluating the economic impact of medium‐sized major events. However, the approach is only as robust as the quality of data utilised to derive estimates. Key emerging methodological issues are measuring attendance, consideration of direct first‐round leakage and treatment of organisational spend and event surplus/deficit.

Research limitations/implications

The DEA limits the measurement of economic impact to first‐round spending associated with an event. It is not suitable for measuring large‐scale mega‐events that require a more holistic and advanced method of event evaluation.

Originality/value

The paper considers the methods used to evaluate events in the context of balancing academic rigour with the everyday practical realities and constraints facing event organisers and researchers. It discusses existing and emerging methodological considerations and techniques for dealing with these. The paper will be of particular interest to researchers and practitioners from the event industry carrying out or commissioning economic impact studies.

Details

International Journal of Event and Festival Management, vol. 4 no. 1
Type: Research Article
ISSN: 1758-2954

Keywords

Book part
Publication date: 18 July 2007

Audra A. Nowosielski and Jon D. Erickson

Direct economic use and changing patterns of human habitation have long been a cause of concern for the ecological health of many rivers and tributaries. Current development…

Abstract

Direct economic use and changing patterns of human habitation have long been a cause of concern for the ecological health of many rivers and tributaries. Current development trends in many watersheds are driving the conversion of rural, agricultural and forestland to urban or industrial uses. While any single project may not have an adverse effect on the watershed as a whole, the summation of development can rapidly change the character of the landscape and alter the ecosystem functions of a river, its tributaries and an entire watershed. This chapter is a discussion on using available tools to help piece together economic transactions and their relationship to the land.

Details

Ecological Economics of Sustainable Watershed Management
Type: Book
ISBN: 978-1-84950-507-9

Article
Publication date: 27 July 2020

Irfan Ahmed and Ali Mohammad Medabesh

This study quantifies empirically the induced impact of income distribution and consumption expenditure on the structures of agriculture production of Nigerian economy.

Abstract

Purpose

This study quantifies empirically the induced impact of income distribution and consumption expenditure on the structures of agriculture production of Nigerian economy.

Design/methodology/approach

The study calibrates an extended input-output model on a social accounting matrix (SAM) for Nigeria for the year 2010. Moreover, the study conducts a dispersion analysis to identify the key agriculture sectors/subsectors both in exogenous and endogenous setup.

Findings

This study presents an empirical analysis of propagation in the structure of production particularly in the structure of agriculture sector. It combines the aggregate and the disaggregated levels of analysis and identifies the key sectors/subsectors both in the exogenous and endogenous setup. The comparison of both findings confirms that the composition of income distribution and consumption expenditure significantly influences the composition and the aggregated and disaggregated order of structure of agriculture production.

Originality/value

Knowledge of interindustry connections is vital in policy implications since the policy makers prefer strongly interconnected sectors to the sectors with poor industry linkages. These connections are estimated as forward and backward linkages, which provide indices to set the criteria for key sectors identification. This study presents an empirical analysis of propagation in the structure of production particularly in the structure of agriculture sector. It combines the aggregate and the disaggregated levels of analysis and identifies the key sectors/subsectors both in the exogenous and endogenous setup.

Details

International Journal of Social Economics, vol. 47 no. 8
Type: Research Article
ISSN: 0306-8293

Keywords

1 – 10 of 171