Article
Economic impact analysis amid rapid change: challenges, strategies, and examples from defense communities.
Journal of Planning Education and Research
(2015)
Abstract
This paper examines issues in conducting economic impact analyses in regions undergoing substantial or rapid transformations. Economic impact analyses, like many other analytical techniques, employ methods predicated on relative economic stability, yet commonly are conducted in situations that violate this condition with little consideration of the suitability of the method or the other implications. Inspiration and illustrative examples are drawn from military communities in the United States impacted by the 2005 round of base realignments. Special attention is paid to regional input-output modeling because of its prevalence in economic impact studies and susceptibility to distortions. Advice and suggestions for analysts and educators are discussed.
Keywords
- impact assessment,
- economic development planning,
- economic analysis,
- military,
- defense
Disciplines
Publication Date
Winter 2015
DOI
10.1177/0739456X15586626
Publisher Statement
https://journals.sagepub.com/doi/abs/10.1177/0739456x15586626?journalCode=jpea
Citation Information
Joshua Drucker. "Economic impact analysis amid rapid change: challenges, strategies, and examples from defense communities." Journal of Planning Education and Research Vol. 35 Iss. 4 (2015) p. 401 - 418 Available at: http://works.bepress.com/jdrucker/12/