Economic Impacts of the Shortleaf-Bluestem Community Restoration Project

Shrestha, Anusha; Mehmood, Sayeed R.

doi:10.1093/jofore/fvy038

Cited by 4 publications

(6 citation statements)

References 12 publications

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“…The economic impact analysis reported in this study uses an input/output (I/O) model to represent the interrelationships among economic sectors (Tuck & Hawkins, 2019; Shrestha & Memhood, 2018). I/O models are quantitative economic models representing the interdependencies between different sectors of a national or regional economy (in this case Genesee County, MI).…”

Section: Methodsmentioning

confidence: 99%

An NIH Investment in Health Equity - The Economic Impact of the Flint Center for Health Equity Solutions

Meghea

Montgomery

Ellington

et al. 2020

Preprint

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Background. Health disparities are pervasive and are linked to economic losses in the United States of up to $135 billion per year. The Flint Center for Health Equity Solutions (FCHES) is a Transdisciplinary Collaborative Center for health disparities research funded by the National Institute of Minority Health and Health Disparities (NIMHD). The purpose of this study was to estimate the economic impact of the 5-year NIH investment in FCHES in Genesee County, Michigan. Methods. The estimated impacts of FCHES were calculated using a U.S.‐specific input/output (I/O) model, IMPLAN, from IMPLAN Group, LLC., which provides a software system to access geographic specific data regarding economic sector interactions from a variety of sources. This allowed us to model the cross‐sector economic activity that occurred throughout Genesee County, Michigan, as a result of the FCHES investment. The overall economic impacts were estimated as the sum of three impact types: 1. Direct (the specific expenditures impact of FCHES and the Scientific Research and Development Services sector); 2. Indirect (the impact on suppliers to FCHES and the Scientific Research and Development Services sector); and 3. Induced (the additional economic impact of the spending of these suppliers and employees in the county economy). Results. The total FCHES investment amounted to approximately $11 million between 2016-2020. Overall, combined direct, indirect, and induced impacts of the total FCHES federal investment in Genesee County included over 161 job-years, over $7.6 million in personal income, and more than $19.2 million in economic output. In addition, this combined economic activity generated close to $2.3 million in state/local and federal tax revenue. The impact multipliers show the ripple effect of the FCHES investment. For example, the overall output of over $19.2 million led to an impact multiplier of 1.75: every $1 of federal FCHES investment led to an additional $.75 of economic output in Genesee County. Conclusions. The FCHES research funding yields significant U.S. direct economic impacts above and beyond the direct NIH investment of $11 million. The economic impact estimation method may be relevant and generalizable to other TCCs or other large research centers such as FCHES.

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Section: Methodsmentioning

confidence: 99%

An NIH Investment in Health Equity - The Economic Impact of the Flint Center for Health Equity Solutions

Meghea

Montgomery

Ellington

et al. 2020

Preprint

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“…Indirect effects are those associated with inter-industry transactions in the supply chain. Induced effects include the effects stemming from household spending of labor income via goods and services purchased due to the direct and indirect spending by industries in the study region [2,3,[11][12][13][14][15]. Economic effects can be presented using various economic measures such as industry output (or total sales), employment generated, value added, labor income, taxes paid, and so on.…”

Section: Introductionmentioning

confidence: 99%

“…Irrespective of the I-O modeling software, past economic contributions and impact analyses of natural resource industries report the economic contributions or impacts of an industry at the final industry level, producing the final output and making little effort to break down the economic effects along the value chain. Pertaining to forest products industry contribution and ecological analyses, several studies have examined the economic contributions and impacts based on the industry type at the individual or aggregated level, spatial coverage, and even comparative studies before and after cyclical and long-term trends [1][2][3][4][13][14][15]. Aggregating different final and value-chain forest product industries might result in bias and distort the exact contribution of both the value chain and final forest product industry in the economy.…”

Section: Introductionmentioning

confidence: 99%

“…Between each of these activities, there are transportation and storage involved (Figure 1). contributions and impacts based on the industry type at the individual or aggregated level, spatial coverage, and even comparative studies before and after cyclical and longterm trends [1][2][3][4][13][14][15]. Aggregating different final and value-chain forest product industries might result in bias and distort the exact contribution of both the value chain and final forest product industry in the economy.…”

Section: Introductionmentioning

confidence: 99%

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A Methodological Framework for Decomposing the Value-Chain Economic Contribution: A Case of Forest Resource Industries of the Lake States in the United States

Gc,

Thapa,

Pokharel

et al. 2024

Forests

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The forest products industries play a vital role in the economic, social, and environmental well-being of the Lake States in the United States. While various economic contribution analyses of forest products industries have been conducted to highlight the importance of such industries to regional economies, little effort has yet been made to parse out the contribution of activities in the value chain. The value chain is a series of steps involved in producing goods or services. This study used a matrix decomposition approach to estimate the economic contribution along the value chain through multiple pathways of four forest resource-based industries using wood as inputs: biomass power generation, sawmills, paper mills, and the construction of new single-family residential structures in the Lake States. The direct and indirect economic output values in 2017 resulting from the construction of new single-family residential structures were $19.1 billion, sawmills were $2.5 billion, paper mills were $17.6 billion, and the biomass power generation industry was $759 million. Of the direct and indirect economic output contributed by each industry, the highest percentage of output attributable to the logging industry was observed from the sawmills industry (12%), followed by biomass power generation (9%), paper mills (1.4%), and the construction of new single-family residential structures (<1%), respectively. The percentage of total economic output attributable to the stumpage industry in the region followed a similar trend as commercial logging for all value-chain industries. The relative economic contribution of the value-chain industries to the total economic contribution of the final industry varied based on whether the industry was a primary or secondary forest products industry and the pathways used for sourcing wood inputs.

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“…The economic impact analysis reported in this study uses an input/output (I/O) model to represent the interrelationships among economic sectors [ 4 , 5 ]. I/O models are quantitative economic models representing the interdependencies between different sectors of a national or regional economy (in this case Genesee County, MI).…”

Section: Introductionmentioning

confidence: 99%

An NIH investment in health equity - the economic impact of the Flint Center for Health Equity Solutions

et al. 2021

View full text Add to dashboard Cite

Background Health disparities are pervasive and are linked to economic losses in the United States of up to $135 billion per year. The Flint Center for Health Equity Solutions (FCHES) is a Transdisciplinary Collaborative Center for health disparities research funded by the National Institute of Minority Health and Health Disparities (NIMHD). The purpose of this study was to estimate the economic impact of the 5-year investment in FCHES in Genesee County, Michigan. Methods The estimated impacts of FCHES were calculated using a U.S.-specific input/output (I/O) model, IMPLAN, from IMPLAN Group, LLC., which provides a software system to access geographic specific data regarding economic sector interactions from a variety of sources. This allowed us to model the cross-sector economic activity that occurred throughout Genesee County, Michigan, as a result of the FCHES investment. The overall economic impacts were estimated as the sum of three impact types: 1. Direct (the specific expenditures impact of FCHES and the Scientific Research and Development Services sector); 2. Indirect (the impact on suppliers to FCHES and the Scientific Research and Development Services sector); and 3. Induced (the additional economic impact of the spending of these suppliers and employees in the county economy). Results The total FCHES investment amounted to approximately $11 million between 2016 and 2020. Overall, combined direct, indirect, and induced impacts of the total FCHES federal investment in Genesee County included over 161 job-years, over $7.6 million in personal income, and more than $19.2 million in economic output. In addition, this combined economic activity generated close to $2.3 million in state/local and federal tax revenue. The impact multipliers show the ripple effect of the FCHES investment. For example, the overall output of over $19.2 million led to an impact multiplier of 1.75 – every $1 of federal FCHES investment led to an additional $.75 of economic output in Genesee County. Conclusions The FCHES research funding yields significant direct economic impacts above and beyond the direct NIH investment of $11 million. The economic impact estimation method may be relevant and generalizable to other large research centers such as FCHES.

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Economic Impacts of the Shortleaf-Bluestem Community Restoration Project

Cited by 4 publications

References 12 publications

An NIH Investment in Health Equity - The Economic Impact of the Flint Center for Health Equity Solutions

An NIH Investment in Health Equity - The Economic Impact of the Flint Center for Health Equity Solutions

A Methodological Framework for Decomposing the Value-Chain Economic Contribution: A Case of Forest Resource Industries of the Lake States in the United States

An NIH investment in health equity - the economic impact of the Flint Center for Health Equity Solutions

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