SPMA 2P27 Lecture 5: 2p27 jan 24

• School: Brock University
• Department: Sport Management
• Course: SPMA 2P27
• Professor: Chris Chard

Document Summary

Economic impact - de ned as the net economic change in a host economy that results from spending attributed to a sports event or facility. Better grasp the impact of the taxpayers investment on their quality of life. Point of eia is to measure the broader economics that accrue to society/community. Direct + indirect + induced = total impact. Direct impact - the change in economic activity because of spending on the event. The amount of direct economic activity generated by a sport activity, event or service - here our tournament. Indirect impact - the changes in other industrial sectors within the region due to their supplying of goods and services to the industrial sectors that receive money from event/visitors spending. Induced impact - the changes cause by local households who spend their income earned directly or indirectly from visitors.