The economic impacts of the UK sea fishing and fish processing sectors: An input-output analysis
|
|
- Rosaline Dennis
- 8 years ago
- Views:
Transcription
1 The economic impacts of the UK sea fishing and fish processing sectors: An input-output analysis
2 The economic impacts of the UK sea fishing and fish processing sectors: An input-output analysis The contents of this report are based on the findings of a research project commissioned by Seafish and undertaken by the Fraser of Allander Institute at Strathclyde University. Seafish Economics would like to acknowledge and thank the authors of the original report; Prof. Kim Swales, Prof. Peter McGregor and Nikos Pappas. Copies of the full report,the economic impacts of the UK sea fishing and fish processing sectors: an Input-Output analysis, can be obtained from Seafish.
3 The economic impacts of the UK sea fishing and fish processing sectors Introduction The UK and EU Governments make important fisheries management and public investment decisions in an increasingly competitive environment for fish resources and public investment. Although intended for the longterm overall good, these decisions can sometimes have at least a short-term negative impact on the commercial fishing and fish processing sectors in the UK. Industry bodies and government require evidence of the economic importance of the sea fishing and fish processing sectors to inform these policy decisions, so that they can understand the likely consequences of their decisions. This report provides a quantitative indication of the importance of the sea fishing and fish processing sectors to the UK economy, and estimates the impact on the wider UK economy that would result from changes in the activity levels of the UK sea fishing and processing sectors. The overall economic importance of the sea fishing and fish processing sectors is much greater than the often quoted sales values of each sector would suggest. The key points that confirm this importance are contained in this report. Seafish economists are available to answer specific questions relating to the importance of the seafood industry to the UK. Please contact us for specialist advice before using the findings in this report. Supplies Boats Nets Fuel Local Economy Revenues Profits Jobs Retail spend Education Health care Utilities Imported Fish UK Economy 1
4 The importance of fishing and seafood processing to the UK economy The importance of these sectors to the UK economy can be illustrated by considering: a) The impact of removing the entire sector of industry on the rest of the UK economy. b) The impact of an increase or decrease in the value (at first sale) of fish landings by 1 million. We estimate these impacts in terms of changes in output, employment (measured in full time equivalents (FTEs) and Gross Domestic Product (GDP) that would result from the removal of these sectors. All figures in this report relate to 2002, the most recent year for which reference data are available. Fish catching If the UK fish catching sector were removed entirely (see table 1), the impact on the UK economy would be as follows: UK Employment would decrease by 28,691 (FTE) jobs; UK GDP would decrease by million (0.07% of UK GDP). If the value at first sale of UK fish landings decreased or increased by 1 million (see table 2), the expected impacts on the UK economy would depend on the type of fish whose value of landings changed, as follows: For demersal species: UK Output would change by 6.29 million; UK Employment would change by 70 FTE jobs; UK GDP would change by 2.01 million. For shellfish species: UK Output would change by 7.16 million; UK Employment would change by 113 FTE jobs; UK GDP would change by 2.57 million. For pelagic species: UK Output would change by 6.73 million; UK Employment would change by 79 FTE jobs; UK GDP would change by 3.31 million. The UK output and employment multipliers relating to UK fish catching vary by fish type. The multipliers can be found in table 3. Regional analysis The impact on regional economies of removing all fish landings in those discreet regions is presented here and in table 4. In Scotland: Employment would decrease by 10,472 FTE jobs; GDP would decrease by million, (0.39% of Scottish GDP). In Wales: Employment would decrease by 1,595 FTE jobs; GDP would decrease by 23.0 million, (0.07% of Welsh GDP). 2
5 The economic impacts of the UK sea fishing and fish processing sectors In Northern Ireland: Employment would decrease by 1,097 FTE jobs; GDP would decrease by 25.8 million, (0.11% of Northern Ireland GDP). In England: Employment would decrease by 11,935 FTE jobs; GDP would decrease by million, (0.02% of English GDP). In England and Wales (E&W): Employment would decrease by 14,303 FTE jobs; GDP would decrease by million, (0.03% of E&W combined GDP). The impacts on the UK economy of removing regional fish landings are also available in the full report. Analysis by fish type It is also possible to present the economic impacts of removing fish-type sectors of the catching industry for the UK, see table 1. For demersal species: UK Employment would decrease by 12,939 FTE jobs; UK GDP would decrease by million (0.04% of UK GDP). For shellfish species: UK Employment would decrease by 13,106 FTE jobs; UK GDP would decrease by million (0.02% of UK GDP). For pelagic species: UK Employment would decrease by 2,654 FTE jobs; UK GDP would decrease by million (0.01% of UK GDP). Processing The UK processing sector to a large extent depends on supplies of imported fish and therefore has a larger overall value than the UK catching sector. If the fish processing sector were removed entirely (see table 1), the impact on the UK economy would be: UK Employment would decrease by 118,320 FTE jobs; UK GDP would decrease by 3,891.1 million (0.48% of UK GDP). If the demand for fish processing products increased or decreased by 1 million, the expected impacts on employment in the UK economy (including fish processing) would depend on fish type, as presented here and in table 4: For demersal species: UK Employment would change by 44.5 FTE jobs. For shellfish species: UK Employment would change by 48.5 FTE jobs. For pelagic species: UK Employment would change by 46.4 FTE jobs. The UK output and employment multipliers relating to UK fish processing vary by fish type. These multipliers can be found in table 3. 3
6 Analysis by region The impacts on regional economies of the removal of all fish processing within those regions (see table 5) are as follows: In Scotland: Employment would decrease by 23,660 FTE jobs; GDP would decrease by million (0.87% of Scottish GDP). In Wales: Employment would decrease by 2,057 FTE jobs; GDP would decrease by 56.0 million (0.17% of Welsh GDP). In Northern Ireland: Employment would decrease by 3,157 FTE jobs; GDP would decrease by 84.7 million (0.37% of Northern Ireland GDP). In England: Employment would decrease by 73,535 FTE jobs; GDP would decrease by 2,517.9 million (0.30% of English GDP). In England and Wales (E&W): Employment would decrease by 78,049 FTE jobs; GDP would decrease by 2,657.0 million (0.31% of E&W combined GDP). The impacts on the UK economy of removing regional fish processing are also available in the full report. Fish type sectors It is also possible to present the economic impacts of removing fish-type sectors of the processing industry on the UK economy, see table 1. For demersal species: UK Employment would decrease by 82,985 FTE jobs; UK GDP would decrease by 2,630.4 million (0.29% of UK GDP). For shellfish species: UK Employment would decrease by 48,263 FTE jobs; UK GDP would decrease by 1,435.9 million (0.16% of UK GDP). For pelagic species: UK Employment would decrease by 6,624 FTE jobs; UK GDP would decrease by million (0.03% of UK GDP). Fishing and processing sectors combined The removal of both the fish catching and fish processing sectors in the UK would have the following effects on the UK economy: UK Employment would decrease by 137,601 FTE jobs; UK GDP would decrease by 4,342.2 million (0.48% of UK GDP). 4
7 The economic impacts of the UK sea fishing and fish processing sectors Conclusions from the study The impact of changes in demand for the output of the sea fishing sectors initiates a multiplier process that further affects output and activity both at the regional and national level. Input-output analysis captures the changes in intermediate demand and household expenditure that accompany the initial direct change in activity. Further, in the analysis reported here, these changes in activity can be disaggregated by region. For the majority of fish types in the majority of UK regions, the change in economic activity generated through these indirect and induced effects is greater than the direct effect itself. At the regional level, multiplier values tend to be higher the larger and more remote the region. This is because import leakages tend to be lower in these regions. The impact at the UK level is necessarily higher than at regional level as the multiplier values rise as more of the change in activity is captured when geographical area is larger. Multiplier values differ between fish types and between measures of activity. These differences generally reflect the cost structure of the sector: sectors with a high share of domestically produced intermediate inputs and wages in their cost structure have high output multipliers. A greater proportion of the expenditure in any one round of the multiplier process will get recycled in the local economy. Therefore, demersal sectors have much higher output multipliers than pelagic sectors. However, employment and GDP multipliers can differ markedly from output multipliers. Labour intensive sectors, such as shellfish sectors, have relatively high output multipliers but low employment multipliers. This is because the change in demand required to change direct employment by one FTE is very low, so that the additional employment generated for each direct worker is low. Processing sectors generally have higher output multipliers than the sea fishing sectors, but this is as much to do with high wage shares as high intermediate inputs. A key issue for sea fishing is the impact of additional landings. The multiplier effect is measured through the use of a hybrid multiplier, which identifies some supply and demand linkages: the hybrid multiplier value is greater than the output multiplier for these sea fishing sectors. Input-output analysis can be used in various scenarios. One common scenario is to measure the impact of the complete removal of the sea fishing and fish processing sectors. This has a large impact in terms of changes in the absolute levels of employment and output. However, two points are crucial. First, relative to the size of the economy as a whole, the sea fishing and fish processing sectors are relatively small. In Scotland, the regional economy where sea fishing related sectors have the largest presence, the impact of removing all sea fishing and fish processing sectors reduces Scottish GDP by slightly over 1%. Second, the input-output approach does not allow for any supply side changes the supply side is entirely passive. Therefore, there is no account taken of resources that are released from the contracting sectors being reabsorbed into production through supply side adjustments. The full report contains further breakdown of these figures by fish type. 5
8 Summary tables of the importance of the UK sea fishing and processing sectors GDP change %change Employment ( m) in GDP (FTEs) Sea fishing Demersal % -12,939 Shellfish % -13,106 Pelagic % -2,654 Fish processing Demersal -2, % -82,985 Shellfish -1, % -48,263 Pelagic % -6,624 All fishing sectors % -28,691 All fish processing -3, % -118,320 All sea fishing and fish processing sectors -4, % -137,601 Table 1.The UK employment and GDP impacts of removing the sea fishing and fish processing sectors with fish processing disaggregated by fish type* * Based upon conventional Type II demand driven multiplier calculations. Demersal Shellfish Pelagic Employ- Employ- Employ- Output ment GDP Output ment GDP Output ment GDP ( m) (FTEs) ( m) ( m) (FTEs) ( m) ( m) (FTEs) ( m) Foreign Domestic Mixed Table 2.The UK impact of 1m additional landings by UK and foreign vessels by fish type, using a disaggregated fish processing sector* *Calculated using the hybrid multiplier Output Employment Sea fishing Demersal Shellfish Pelagic Fish processing Demersal Shellfish Pelagic Table 3.The UK output and employment multipliers with fish processing disaggregated by fish type* * Conventional Type II demand driven multiplier values
9 The economic impacts of the UK sea fishing and fish processing sectors Regional UK Employment GDP ( ) % GDP Employment GDP ( ) % GDP Scotland Demersal -3, % -5, % Shellfish -5, % -7, % Pelagic -1, % -2, % Fishing -10, % -15, % Processing -23, % -36,242-1, % Fishing and processing -27, % -43,045-1, % Wales Demersal -1, % -1, % Shellfish % -1, % Pelagic Fishing -1, % -2, % Processing -2, % -3, % Fishing and processing -3, % -5, % Northern Demersal % % Ireland Shellfish % % Pelagic % % Fishing -1, % -1, % Processing -3, % -4, % Fishing and processing -3, % -5, % England Demersal -5, % -5, % Shellfish -6, % -6, % Pelagic % % Fishing -11, % -12, % Processing -73,535-2, % -77,406-2, % Fishing and processing -75,831-2, % -79,765-2, % England Demersal -6, % -6, % and Wales Shellfish -7, % -7, % Pelagic % % Fishing -14, % -14, % Processing -78,049-2, % -81,015-2, % Fishing and processing -81,683-2, % -84,765-2, % Table 4.The regional and UK impacts of removing individual sea fishing and fish processing sectors (source:table 2 in full report) 7
10 Output Employment Employment for 1 multiplier multiplier million demand injection Sea fishing Demersal Shellfish Pelagic Fish processing Demersal Shellfish Pelagic Table 5: The UK output multiplier, employment multiplier and employment per 1 million of additional demand using a disaggregated fish processing sector *Conventional Type II demand driven multiplier values * The employment multiplier shows the change in employment for the economy as a whole that results from the change in employment of a particular sector. So an increase or decrease of one job in demersal fish processing would result in a change of 5.64 jobs in the wider UK economy What is input-output analysis? Input-output analysis is a method used to estimate the impact of a change in the value of one industrial sector on the rest of the economy. These estimates can then be interpreted as showing the relative and absolute importance of industry sectors to the UK or regional economies.the results in this report come from two specially constructed I-O tables. Both tables are for 2002, the final year for which reliable I-O data are available, and are in 2002 basic prices. Further details are available in the full report. The multiplier concept The multiplier measures the level of change in the economy resulting from a change in a particular sector. For example, a change in demand for output in one sector of the economy will generate knock on effects in other sectors. There will be a change in the demand for intermediate inputs and changes in consumption demand as employment and household income adjusts. These further sources of demand change are known as the indirect (intermediate demand) and induced (consumption demand) effects. The first round change in demand will result in corresponding second round changes in the intermediate and consumption demand for the output of other sectors, which will generate further demand adjustments and so on. A multiplier process is thereby set up, where the change in output in each round gets smaller and smaller as some expenditure leaks out of the region or the nation in the form of imports, taxes and savings in each round. Type I multipliers incorporate only indirect effects. This means that the change in demand for goods and services that make up intermediate inputs is included in this calculation, but no change is assumed for consumption expenditure. Type II multipliers, on the other hand, encompass both indirect and induced impacts. These multipliers incorporate changes in both intermediate and consumption demands for goods and services. This study focuses primarily on Type II multipliers. 8
11 The economic impacts of the UK sea fishing and fish processing sectors Seafish Economics contact details If you have questions about this report, the full report or want to be able to draw some specific conclusions about the importance of industry, please contact Seafish Economists: John Anderson Tel: Hazel Curtis Tel:
12 Sea Fish Industry Authority 18 Logie Mill Logie Green Road Edinburgh EH7 4HS Tel: +44 (0) Fax: +44 (0) Sea Fish Industry Authority Seafish House St Andrew s Dock Hull HU3 4QE Tel: +44 (0) Fax: +44 (0) seafish@seafish.co.uk Web:
May 2015. The economic impact of the UK Maritime Services Sector: Business Services
May 2015 The economic impact of the UK Maritime Services Sector: Business Services Contents 1 Executive summary... 2 2 Introduction... 4 2.1 The channels of economic impact... 4 2.2 Report structure...
More informationTourism: jobs and growth The economic contribution of the tourism economy in the UK
Tourism: jobs and growth The economic contribution of the tourism economy in the UK November 2013 Contents The Tourism Economy: contributing to UK growth 1 Tourism: Benefitting all of Britain 2 Executive
More informationLow Carbon and Renewable Energy Economy 2014, First Estimates
Low Carbon and Renewable Energy Economy 2014, First Estimates Coverage: UK Date: 09 December 2015 Geographical Area: UK Theme: Agriculture and Environment Main points This bulletin presents first estimates
More informationMay 2015. The economic impact of the UK Maritime Services Sector in Scotland
May 2015 The economic impact of the UK Maritime Services Sector in Scotland Contents 1 Executive summary... 2 2 Introduction... 4 2.1 The channels of economic impact... 4 2.2 Report structure... 4 3 Direct
More informationThe economic scale of community and locally owned renewable energy in Scotland and projections to 2020
The economic scale of community and locally owned renewable energy in Scotland and projections to 2020 1. Key Points Grant Allan, Fraser of Allander Institute, University of Strathclyde and ClimateXChange
More informationGOVERNMENT EXPENDITURE & REVENUE SCOTLAND 2013-14 MARCH 2015
GOVERNMENT EXPENDITURE & REVENUE SCOTLAND 2013-14 MARCH 2015 GOVERNMENT EXPENDITURE & REVENUE SCOTLAND 2013-14 MARCH 2015 The Scottish Government, Edinburgh 2015 Crown copyright 2015 This publication is
More informationEconomic Impact of the University of Gloucestershire
Economic Impact of the University of Gloucestershire A report to BiGGAR Economics Midlothian Innovation Centre Pentlandfield Roslin, Midlothian EH25 9RE 0131 440 9032 info@biggareconomics.co.uk www.biggareconomics.co.uk
More informationFinancial Scrutiny Unit Briefing What is GDP?
The Scottish Parliament and Scottish Parliament Infor mation C entre l ogos. Financial Scrutiny Unit Briefing What is GDP? Richard Marsh 27 August 2013 13/48 This factsheet provides a short guide to Gross
More informationSome micro- and macro-economics of offshore wind*
Some micro- and macro-economics of offshore wind* EPSRC SUPERGEN Wind Energy Hub University of Strathclyde May 2016 Fraser of Allander Institute Energy Modelling Team Fraser of Allander Institute Department
More informationInvitation to Tender. Corporate CRM Project. March 2015. Seafish Tender Document Number: TD2015/004
Invitation to Tender Corporate CRM Project March 2015 Seafish Tender Document Number: TD2015/004 Dafydd Sands Head of Information Systems Sea Fish Industry Authority Origin Way Europarc Grimsby DN37 9TZ
More informationThe Economic Impact of the University of Exeter s International Students. April 2012
The Economic Impact of the University of Exeter s International Students April 2012 Contents Foreword 1 Executive summary 2 The economic impact of Exeter s international students 6 Fees 7 Subsistence 12
More informationUK outsourcing across the private and public sectors. An updated national, regional and constituency picture
UK outsourcing across the private and public sectors An updated national, regional and constituency picture Report prepared by Oxford Economics for the Business Services Association November 2012 Contents
More informationTHE ECONOMIC IMPACT OF ULSTER UNIVERSITY ON THE NORTHERN IRELAND ECONOMY
IN FOCUS Universities UK THE ECONOMIC IMPACT OF ULSTER UNIVERSITY ON THE NORTHERN IRELAND ECONOMY INTRODUCTION 2 1. KEY UNIVERSITY CHARACTERISTICS 3 1.1 Revenue 3 1.2 Export earnings 3 1.3 Employment 4
More informationThe UK market for business services. The national, regional and constituency picture in 2013
The UK market for business services The national, regional and constituency picture in 2013 Report prepared by Oxford Economics for the Business Services Association Contents Summary of methodology...
More informationAnalytical Techniques for Community Economic Development
Analytical Techniques for Community Economic Development Economic development planning requires information and a detailed analytical understanding about the community. Community Involvement Community
More informationHow To Understand The Economic Impact Of Outbound Travel In The Uk
Driving Growth The Economic Value of Outbound Travel The economic value of outbound travel to the UK economy A study on the economic size of outbound travel and the impact of the sector on the UK economy
More informationLow Carbon and Environmental Goods and Services: an industry analysis. Update for 2008/09
Low Carbon and Environmental Goods and Services: an industry analysis Update for 2008/09 Innovas Solutions Ltd March 2010 In partnership with 1 Copyright Crown copyright, 2010 The views expressed within
More informationVII. DIRECT, INDIRECT, AND INDUCED ECONOMIC IMPACTS OF UC SAN DIEGO
VII. DIRECT, INDIRECT, AND INDUCED ECONOMIC IMPACTS OF UC SAN DIEGO THE CONCEPT OF INDIRECT AND INDUCED ECONOMIC IMPACTS The impact of UC San Diego on the local, regional, and state economies is greater
More informationStewart Dunlop*, Susan Galloway**, Christine Hamilton** and Adrienne Scullion**
The Economic Impact of the Cultural Sector in Scotland Stewart Dunlop*, Susan Galloway**, Christine Hamilton** and Adrienne Scullion** *Fraser of Allander Institute, University of Strathclyde ** Centre
More informationSSE's Economic Contribution to the UK. May 2014
. SSE's Economic Contribution to the UK May 2014 Source picture on the front cover: SSE 2 Contents Foreword by SSE 4 Executive summary 5 1 Introduction 7 2 SSE s contribution to GDP and employment 11 3
More informationGovernment spending on public services in Scotland: current patterns and future issues
Government spending on public services in Scotland: current patterns and future issues IFS Briefing Note BN140 Ben Deaner David Phillips Government spending on public services in Scotland: current patterns
More information11th National Convention on Statistics (NCS) EDSA Shangri-La Hotel October 4-5, 2010
11th National Convention on Statistics (NCS) EDSA Shangri-La Hotel October 4-5, 2010 INPUT-OUTPUT MULTIPLIER ANALYSIS FOR MAJOR INDUSTRIES IN THE PHILIPPINES by Madeline B. Dumaua For additional information,
More informationScotland s Class of 99: the early career paths of graduates who studied in Scottish higher education institutions. Summary report
Scotland s Class of 99: the early career paths of graduates who studied in Scottish higher education institutions Summary report Scotland s Class of 99: the early career paths of graduates who studied
More informationFinancial Scrutiny Unit Briefing Tax revenue estimates: a comparison of GERS and HMRC
The Scottish Parliament and Scottish Parliament Infor mation C entre l ogos. Financial Scrutiny Unit Briefing Tax revenue estimates: a comparison of GERS and HMRC Richard Marsh and Scherie Nicol This briefing
More informationEnvironmental damage: extending the Environmental Liability Directive into marine waters
www.gov.uk/defra Environmental damage: extending the Environmental Liability Directive into marine waters Consultation on amending the Environmental Damage (Prevention and Remediation) Regulations 2009
More informationAsset based finance in Scotland:
Asset based finance in Scotland: Finding the well in the desert June 2015 Contact: ralph.leishman@4-consulting.com Executive Summary Asset based finance can be used to secure funding against a range of
More informationThe economic impact of the University of West London
The economic impact of the University of West London Contents Executive Summary 2 1 Introduction 4 1.1 Purpose of report 1.2 Acknowledgements 2 Measuring the economic impact of the University 6 2.1 How
More informationA Satellite Account for Golf in the UK
Prepared by: Sport Industry Research Centre Sheffield Hallam University A118 Collegiate Hall Collegiate Campus Sheffield, S10 2BP Tel: +44 (0)114 225 5919 Email: sirc@shu.ac.uk March 2016 This research
More informationHousing Investment: Part 1
June 2010 Research: briefing Housing Investment: Part 1 The first of a series of research papers assessing the impacts of cutting capital investment in housing Shelter is a charity that works to alleviate
More informationAS Economics. Introductory Macroeconomics. Sixth Form pre-reading
AS Economics Introductory Macroeconomics Sixth Form pre-reading National income National income (Y) = money value of goods and services produced in an economy over a period of time, usually one year. National
More informationPublic Expenditure. Statistical Analyses 2013
Public Expenditure Statistical Analyses 2013 Cm 8663 July 2013 Public Expenditure Statistical Analyses 2013 Presented to Parliament by the Chief Secretary to the Treasury by Command of Her Majesty July
More informationUK Centre for the Measurement of Government Activity: Total Public Service Output, Inputs and Productivity
UK Centre for the Measurement of Government Activity: Total Public Service Output, Inputs and Productivity Mike G Phelps Sophia Kamarudeen Katherine Mills Richard Wild UKCeMGA: Total Public Service Output,
More informationCanadian Aerospace Industry
2015 Report The State of the Canadian Aerospace Industry 2015 Report Presented by 2015 Canadian State of Aerospace Features The Canadian Aerospace Industry Ecosystem Economic Impact Manufacturing Comparative
More informationThe Size and Health of the UK Space Industry
The Size and Health of the UK Space Industry A Report for the UK Space Agency Executive Summary Front cover image: Living Planet Program Credit: ESA - P Carril Artist s impression of HYLAS Credit: Avanti
More informationFunding for study abroad 2015/16. Maintenance Loan. Travel Grant. Erasmus+ Studying for a degree at an overseas university
Maintenance Loan 2015/16 Travel Grant Erasmus+ Studying for a degree at an overseas university Funding studies in an EU country Funding for study abroad SF_England /SFEFILM SFEngland January 2015 Eligible
More informationAlberta Economic Multipliers
Alberta Economic Multipliers 2011 Representations and Warranties Government of Alberta, 2015 The information contained in this publication is based on the 2011 Input tables produced by Statistics Canada.
More informationThe UK Tourism Satellite Account (UK- TSA) for 2012. Tourism Direct Gross Value Added (GVA) was 57.3 billion in 2012.
Statistical Bulletin The UK Tourism Satellite Account (UK- TSA) for 2012 Coverage: UK Date: 26 June 2015 Geographical Area: UK Theme: People and Places Theme: Economy Main Figures Tourism Direct Gross
More informationTHE IMPACT OF UNIVERSITIES ON THE UK ECONOMY
IN FOCUS Universities UK THE IMPACT OF UNIVERSITIES ON THE UK ECONOMY Contents FOREWORD 2 SUMMARY AND KEY FINDINGS 3 1. INTRODUCTION 7 2. UNIVERSITY INCOME 8 3. EMPLOYMENT PROFILE OF UK UNIVERSITIES 12
More informationUnderstanding the travel and tourism labour market. A report for ABTA
Understanding the travel and tourism labour market A report for ABTA July 2014 2 Disclaimer Whilst every effort has been made to ensure the accuracy of the material in this document, neither Centre for
More informationBest Practice Guidance for Fishing Industry Financial and Economic Impact Assessments
Best Practice Guidance for Fishing Industry Financial and Economic Impact Assessments Best Practice Guidance for Fishing Industry Financial and Economic Impact Assessments Guidelines based on outputs from
More informationPort Employment & Accident Rates
Port Employment & Accident Rates Statistical Release October 2010 Key findings 1 Port Employment Overview Port Employment Further Results Port Accidents 4 Strengths & weaknesses of the data Background
More information5 Comparison with the Previous Convergence Programme and Sensitivity Analysis
5 Comparison with the Previous Convergence Programme and Sensitivity Analysis 5.1 Comparison with the Previous Macroeconomic Scenario The differences between the macroeconomic scenarios of the current
More informationThe Effects of Scottish Independence on Northern Ireland: Fiscal Issues
The Effects of Scottish Independence on Northern Ireland: Fiscal Issues David Bell Stirling Management School University of Stirling Scotland @DavidNFBell @ESRCScotecon @UKScotland esrcscotecon.com OUTLINE
More informationEmployment Impacts for Proposed Bay Delta Water Conveyance Tunnel Options
Employment Impacts for Proposed Bay Delta Water Conveyance Tunnel Options September 19, 2011 Mark Berkman, PhD David Sunding, PhD Michelle Tran Prepared for the Delta Habitat Conservation and Conveyance
More informationCoherence of UK Research & Development Statistics
Information note Coherence of UK Research & Development Statistics Christopher Steer Abstract This information note examines the coherence between Office for National Statistics (ONS) estimates of research
More informationAn international comparison of apprentice pay: Executive Summary. Low Pay Commission
An international comparison of apprentice pay: Low Pay Commission October 2013 About is one of Europe's leading specialist economics and policy consultancies and has its head office in London. We also
More informationEconomics The Economy Student Activities (Higher)
Economics The Economy Student Activities (Higher) 5625 August 1999 HIGHER STILL Economics The Economy Student Activities Higher Support Materials *+,-./ HIGHER ECONOMICS: STUDENT ACTIVITIES: THE ECONOMY
More informationMobile coverage: the small business perspective RESEARCH REPORT OCTOBER 2009
Mobile coverage: the small business perspective RESEARCH REPORT OCTOBER 2009 Mobile coverage: the small business perspective. October 2009 Contents Section Page Contents 1 Introduction 3 Methodology 4
More informationThe Economic Impact of the UK Meeting & Event Industry
The Economic Impact of the UK Meeting & Event Industry Project Director: Dr ShiNa Li Research Team (in alphabetical order): Glenn Bowdin, Emma Heslington, Steve Jones, Jackie Mulligan, Mihaela-Oana Tara-Lunga,
More informationAn Economic Impact Analysis.
Briefing August 2013 Making Dollars and Sense of Canada s Mutual Fund Industry An Economic Impact Analysis. At a Glance Canada s mutual fund industry directly created $5.8 billion in real GDP in 2012 on
More informationAppraisal & Evaluation Team 1st November 2008
SCOTTISH ENTERPRISE Additionality & Economic Impact Assessment Guidance Note A Summary Guide to Assessing the Additional Benefit, or Additionality, of an Economic Development Project or Programme Appraisal
More informationDO NOT WRITE ANY ANSWERS IN THIS SOURCE BOOKLET. YOU MUST ANSWER THE QUESTIONS IN THE PROVIDED ANSWER BOOKLET.
SPECIMEN MATERIAL AS ECONOMICS 713/2 Paper 2 The national economy in a global context Source booklet DO NOT WRITE ANY ANSWERS IN THIS SOURCE BOOKLET. YOU MUST ANSWER THE QUESTIONS IN THE PROVIDED ANSWER
More informationAnnual Business Inquiry Background Information - Archive Data
Annual Business Inquiry Background Information - Archive Data ABI Publications & Special Analysis Section Room 2.301 Office for National Statistics Cardiff Road Newport NP10 8XG By telephone on: +44 (0)
More informationUK content analysis of Robin Rigg Offshore Wind Farm operations and maintenance
UK content analysis of Robin Rigg Offshore Wind Farm operations and maintenance Subtitle A report commissioned by E.ON Climate & Renewables July 2012 Document history Revision Purpose and description Originated
More informationEconomic impacts of expanding the National Insurance Contributions holiday scheme Federation of Small Businesses policy paper
Economic impacts of expanding the National Insurance Contributions holiday scheme Federation of Small Businesses policy paper Overview This research paper sets out estimates for the economic and employment
More informationThe impact on the UK economy of a reduction in fuel duty
The impact on the UK economy of a reduction in fuel duty Report for Fair Fuel UK March 2012 Centre for Economics and Business Research Ltd. Unit 1, 4 Bath Street, London EC1V 9DX t: 020 7324 2850 f: 020
More informationBackground on the Economic Impact Methodology Used in the Analysis
Background on the Economic Impact Methodology Used in the Analysis Approach and Models Developed A. Strauss-Wieder, Inc. (ASWinc) constructed a multi-regional input-output model using the IMPLAN version
More informationUNIT I NATIONAL INCOME AND MACROECONOMICS
UNIT I NATIONAL INCOME AND MACROECONOMICS 1 National Income National Income is defined as the sum total of all the goods and services produced in a country, in a particular period of time. Normally this
More informationPossible management measures and potential fisheries displacement analysis Upper Loch Fyne and Loch Goil
Purpose v1.0 Page 1 Possible Marine Protected Areas (pmpas) Analysis of possible fisheries management measures The purpose of this paper is to set out possible management measures of the pmpa and provide
More informationTHE PROJECTED ECONOMIC AND FISCAL IMPACTS OF A TENNESSEE HISTORIC REHABILITATION INVESTMENT INCENTIVE
THE PROJECTED ECONOMIC AND FISCAL IMPACTS OF A TENNESSEE HISTORIC REHABILITATION INVESTMENT INCENTIVE February 2014 Prepared by: Economic Impact Group, LLC. Copyright 2014 Economic Impact Group, LLC. EXECUTIVE
More informationEconomic baseline assessment of the South Coast
Economic baseline assessment of the South Coast December 2013 This page has been intentionally left blank. Economic baseline assessment of the South Coast MMO Project No: 1050 Project funded by: The Marine
More information2015 UK Payment Statistics. Key statistics on the UK payment clearings, cash, card payments and payment markets
2015 UK Payment Statistics Key statistics on the UK payment clearings, cash, card payments and payment markets The following companies contributed to the data within this publication. More details of referenced
More informationEconomic Contributions of Pacific Gas and Electric Company
Economic Contributions of Pacific Gas and Electric Company February 2014 Prepared for: Pacific Gas and Electric Company 77 Beale Street San Francisco, CA 94105 www.pge.com Prepared by: 400 Capitol Mall,
More informationThe Economic Impact of the New Hospital on the Economy of Drumright, Creek County, Oklahoma
The Economic Impact of the New Hospital on the Economy of Drumright, Creek County, Oklahoma Drumright Creek County Oklahoma Cooperative Extension Service Oklahoma Office of Rural Health Rural Health Policy
More informationBaseline Upper range Output ( m 2009) 57,700 82,960 GVA ( m 2009) 27,900 40,540 Job years of employment 617,780 893,340 Wages ( m 2009) 13,980 20,090
Neil McCullough Associate Director Oxford Economics * Neil McCullough is an Associate Director in Oxford Economics Cities and Regions consultancy team. With over 12 years of experience, ranging from leading
More informationWest Coast Charter Boat Survey Summary Report ~2000~
West Coast Charter Boat Survey Summary Report ~2000~ Pacific States Marine Fisheries Commission Economics Data Program January 2004 205 SE Spokane St, Suite 100 Portland, OR 97202-6413 (503)-595-3100 efin@psmfc.org
More informationThe Economic Impact of Health Services on the Economy of Sumter County, Alabama
The Economic Impact of Health Services on the Economy of Sumter County, Alabama Hospitals Nursing Homes Physicians, Dentists, Etc. Pharmacies Other Services Prepared by: National Center for Rural Health
More informationWM RECYCLE AMERICA, L.L.C.
WM RECYCLE AMERICA, L.L.C. CITY OF SPOKANE MRF ECONOMIC IMPACT STUDY Conducted by: BUSINESS RESEARCH DIVISION Leeds School of Business University of Colorado at Boulder 420 UCB Boulder, CO 80309-0420 Telephone:
More information3.7% Historical trends in the UK. by Therese Lloyd. January 2015 FUNDING OVERVIEW
FUNDING OVERVIEW January 2015 Historical trends in the UK by Therese Lloyd SEE BRIEFING: NHS Finances The challenge all political parties need to face www.health.org.uk/ fundingbriefing In real terms,
More informationThe Physical and Economic Accounts for UK Fisheries
The Physical and Economic Accounts for UK Fisheries Report by the Office for National Statistics (ONS) March 2003 Acknowledgements The author of this report is Charles Palmer (formerly ONS). The author
More informationThe Economic Impacts of Reducing. Natural Gas and Electricity Use in Ontario
The Economic Impacts of Reducing Natural Gas and Electricity Use in Ontario Prepared for Blue Green Canada July 2013 Table of Contents Executive Summary... i Key Findings... i Introduction...1 Secondary
More information1. WHAT YOUR ANNUAL BUSINESS SURVEY FORM SHOULD COVER: Please read the accompanying notes before completing your return 2.
1. WHAT YOUR ANNUAL BUSINESS SURVEY FORM SHOULD COVER: This survey covers the United Kingdom activity of businesses (including foreign owned businesses) except where the coverage is specified as Great
More informationInternational Education in the Comox Valley: Current and Potential Economic Impacts
International Education in the Comox Valley: Current and Potential Economic Impacts FINAL REPORT March 2012 Prepared by: Vann Struth Consulting Group Inc. Vancouver, BC www.vannstruth.com Prepared for:
More informationScottish Independence. Charting the implications of demographic change. Ben Franklin. I May 2014 I. www.ilc.org.uk
Scottish Independence Charting the implications of demographic change Ben Franklin I May 2014 I www.ilc.org.uk Summary By 2037 Scotland s working age population is expected to be 3.5% than it was in 2013
More informationThe Economic Impact of Tourism in Ohio. May 2011
The Economic Impact of Tourism in Ohio May 2011 Key themes for 2010 The Ohio visitor economy rebounded in 2010, recovering about 70% of the losses experienced during the recession Visitor volumes expanded
More informationPublic Service Productivity: Methodology. Metrics of Efficiency and Productivity used by ONS and HMT
1 January 2008 UK Centre for the Measurement of Government Activity Public Service Productivity: Methodology Metrics of Efficiency and Productivity used by ONS and HMT 1. Objectives of this paper: To clarify
More informationThe different types of cost of alcohol
A number of studies have attempted to calculate the cost of alcohol to society. This is tricky for two reasons. First, because many of the costs are difficult to estimate accurately. Second, because there
More informationThe economic impact of increasing Australian funds management exports. Financial Services Council
The economic impact of increasing Australian funds management exports Financial Services Council May 2014 Contents Glossary... i Executive Summary... i 1 Background... 1 2 The export of funds management
More informationThe Economic Impacts of Business Energy Tax Credit Supported Manufacturing in Oregon 2012 Update
The Economic Impacts of Business Energy Tax Credit Supported Manufacturing in Oregon 2012 Update March 2013 Michael Meyers, Economist (503) 229-6179 Michael.Meyers@biz.state.or.us Oregon Business Development
More informationEconomic Significance and Potential of the Crafts Sector in Ireland
Economic Significance and Potential of the Crafts Sector in Ireland Report For The Crafts Council of Ireland Prepared By Indecon International Economic Consultants www.indecon.ie Copyright Indecon. No
More informationComparison of Government Expenditure and Revenue statistics in the monthly Public Sector Finances and quarterly National Accounts
Comparison of Government Expenditure and Revenue statistics in the monthly Public Sector Finances and quarterly National Accounts 1. Summary This article explains the changes that ONS will be making to
More informationThe Development of the Annual Business Inquiry
The Development of the Annual Business Inquiry Gareth Jones Office for National Statistics E-mail: info@statistics.gov.uk National Statistics customer enquiry line: +44 (0)845 601 3034 Introduction This
More informationCity of Beverly. Impact ECONOMIC STUDY. conducted for ENDICOTT RESEARCH CENTER ENDICOTT COLLEGE BEVERLY, MASSACHUSETTS
City of Beverly Impact ECONOMIC STUDY conducted for by ENDICOTT RESEARCH CENTER ENDICOTT COLLEGE BEVERLY, MASSACHUSETTS City of Beverly Impact ECONOMIC STUDY conducted for CONTENTS Executive Summary.............................
More informationScotland s Balance Sheet. April 2013
Scotland s Balance Sheet April 2013 Contents Executive Summary... 1 Introduction and Overview... 2 Public Spending... 5 Scottish Tax Revenue... 12 Overall Fiscal Position and Public Sector Debt... 18 Conclusion...
More informationPRINEVILLE DATA CENTER
PRINEVILLE DATA CENTER Economic and Fiscal Impact Study EXECUTIVE SUMMARY PREPARED BY: KEY TERMS Direct Spending and employment that occurs at the site location of the business. For example, the jobs on
More informationThe Financial and Business Services growth sector is defined by the Standard Industrialisation Classification (SIC) 2007 codes:
Growth Sector Briefing Financial and Business Services Office of the Chief Economic Adviser, Scottish Government May 2015 Growth Sector Definition Scotland s Financial and Business Services industry was
More informationGENERATING ENERGY AND PROSPERITY:
Offshore Renewable Energy Catapult GENERATING ENERGY AND PROSPERITY: Economic Impact Study of the offshore renewable energy industry in the UK March Foreword March It is my pleasure to introduce Generating
More informationEconomic benefits of closing the gap in Indigenous employment outcomes. Reconciliation Australia
Economic benefits of closing the gap in Indigenous employment outcomes Reconciliation Australia January 2014 Contents Acronyms... i Glossary... ii Executive Summary... i 1 Introduction... 1 1.1 Methodology...
More informationCompiling the Gross Domestic Product: The Myanmar Experience
Compiling the Gross Domestic Product: The Myanmar Experience by Ministry of National Planning and Economic Development The views expressed in this document are of the author(s) and do not necessarily reflect
More informationAnalysis of marine by-products 2013 English summary
Analysis of marine by-products 2013 English summary SINTEF Fiskeri og havbruk AS SINTEF Fisheries and Aquaculture Address: Postboks 118 NO-9252 Tromsø NORWAY Telephone: +47 40005350 Telefax:+47 fish@sintef.no
More informationEconomic Impact of University Medical Centres in the Netherlands
BiGGAR Economics Economic Impact of University Medical Centres in the Netherlands A condifential report to 9 th June 2014 BiGGAR Economics Midlothian Innovation Centre Pentlandfield Roslin, Midlothian
More informationThese are some practice questions for CHAPTER 23. Each question should have a single answer. But be careful. There may be errors in the answer key!
These are some practice questions for CHAPTER 23. Each question should have a single answer. But be careful. There may be errors in the answer key! 67. Public saving is equal to a. net tax revenues minus
More informationWaterwise response to consultation on Smart Metering for Electricity and Gas
1 Waterwise response to consultation on Smart Metering for Electricity and Gas July 2009 Overall response Our response to this consultation is driven by the current policy agenda relating to water metering
More informationPublic Expenditure. Statistical Analyses 2014. Public Expenditure Statistical Analyses 2014 July 2014
HM Treasury contacts This document can be downloaded from www.gov.uk If you require this information in another language, format or have general enquiries about HM Treasury and its work, contact: Correspondence
More informationHow To Calculate The Number Of Private Sector Businesses In The Uk
STATISTICAL RELEASE STATISTICAL RELEASE BUSINESS POPULATION ESTIMATES FOR THE UK AND REGIONS 2011 12 October 2011 Issued by: BIS Level 2, 2 St Paul s Place, Sheffield, S1 2FJ For more detail: http://stats.bis.gov.
More informationGlobal Sector. How does Travel & Tourism compare to other sectors? GDP. Global Direct GDP. Global GDP Impact by Industry
Global Sector Agriculture Automotive Banking Chemicals Communications Education Financial Mining Other Service Manufacturing Manufacturing Services Exports Retail (without wholesale) Total Economy Travel
More informationEU-10 AND THE CAP CONTENTS
Agricultural Policy Perspectives Brief April 2014 EU-10 AND THE CAP 10 YEARS OF SUCCESS Thinkstockphotos.com CONTENTS 1. Structural Adjustment 2. Income 3. CAP expenditure 4. Land Tenure 5. Prices and
More informationTHE MANUFACTURING VALUE CHAIN Is Much Bigger Than You Think!
THE MANUFACTURING VALUE CHAIN Is Much Bigger Than You Think! Coal mined for making domestic steel Sheet steel manufactured for auto production Electricity, water, and gas used by manufacturing and distribution
More informationA disaggregation of HMRC tax receipts between England, Wales, Scotland & Northern Ireland
Coverage: United Kingdom Theme: The Economy Released: 1 st October 2015 Next Release: The next release will be in October 2016. Frequency of release: This is an annual publication. Media contact: HMRC
More informationThe Economic Impact of Technical College System of Georgia Institutions on their Service Delivery Areas Economies in FY 2012
The Economic Impact of Technical College System of Georgia Institutions on their Service Delivery Areas Economies in FY 2012 January 2014 A Study Commissioned by The Technical College System of Georgia
More information