Observation and assessment of local economic development with regard to the application of the local multiplier

Silovská, Hana Černá; Kolaříková, Jana

doi:10.1080/09654313.2016.1233941

Cited by 8 publications

(3 citation statements)

References 21 publications

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“…In this study we compare the multiplier effect of two ways of carrying out similar economic activities, that is, selling agricultural produce through SFSCs versus LFSCs, with the use of the LM3 tool developed by the New Economics Foundation. Several academic studies adopt the LM3 approach for measuring local multiplier effects (McInroy et al, 2008; Mitchell and Lemon, 2019; Silovská and Kolaříková, 2016; Thatcher and Sharp, 2008), but not yet to the study of SFSCs.…”

Section: Methods and Sample Descriptionmentioning

confidence: 99%

What are the economic impacts of short food supply chains? A local multiplier effect (LM3) evaluation

Kłoczko-Gajewska,

Malak-Rawlikowska,

Majewski

et al. 2023

European Urban and Regional Studies

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Shortening food supply chains attracts increasing support from policymakers, to improve returns to farmers and stimulate rural development. However, there is a lack of empirical evidence regarding the impacts of short food supply chains on local economies. To address this, the article quantifies the impacts of short food supply chains on local economies, using the Keynesian-based Local Multiplier 3 method (LM3), applied to a unique dataset of 122 farm businesses from five European Union countries (France, Hungary, Italy, Poland and the United Kingdom). Estimations cover 305 market chains, comprising both short and long food supply chains, in which sampled farmers participate. The results indicate that the revenues from farm production remain largely within local economies, generating a substantial multiplier effect (LM3 > 2). This effect stems from purchases of farm inputs locally including, in the first instance, hiring local labour, as well as the expenditures of local suppliers that re-spend part of their revenues within the local area. The multiplier effects of short food supply chains are similar to long food supply chain equivalents as both use largely local labour and source tradable inputs locally. In shaping food chain policy a broader set of socioeconomic benefits to local development from selling through short food supply chains should be considered.

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Section: Methods and Sample Descriptionmentioning

confidence: 99%

What are the economic impacts of short food supply chains? A local multiplier effect (LM3) evaluation

Kłoczko-Gajewska,

Malak-Rawlikowska,

Majewski

et al. 2023

European Urban and Regional Studies

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“…On these foundations, the local multiplier effect of spending (Sacks 2002) has been validated as a tool to measure the effects of local expenditure (Silovská and Kolaříková 2016). For instance, it has been used in the analysis of the impact of public procurement in the UK, when a hospital in the Cornwall area decided to source its food from local suppliers (Thatcher and Sharp 2008), as well as for the analysis of impact of environmental policies, to measure the effects of shortening the supply chain of subsidized operators in a protected area (Březina et al 2013, p. 3), and to evaluate the economic impact of the operations of an online retailer of local food in an English market town (Mitchell and Lemon 2019).…”

Section: The Concept Of Buying Local In Local Economic Developmentmentioning

confidence: 99%

Crisis Mitigation through Cash Assistance to Increase Local Consumption Levels—A Case Study of a Bimonetary System in Barcelona, Spain

Belmonte

Gabau²,

Roca

et al. 2021

JRFM

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Subsidies in the form of direct transfers from the government to citizens constitute a powerful mechanism for crisis mitigation and for the alleviation of economic inequalities. However, the connection between direct transfers of cash assistance to selected individual beneficiaries and the prosperity of their immediate surrounding local economy has not been sufficiently explored. This paper presents a case study which analyzes the effects of allocating cash assistance in the form of a local currency. It shows that, under certain conditions, such a transfer not only provides the beneficiaries with additional purchasing power to satisfy their needs but also that the monetary injection benefits local SMEs by generating additional turnover. Using transactional data from the system, some indicators are proposed to analyze the properties of the system, namely, user satisfaction, total and average income generated by local businesses, the local multiplier, the recirculation of the local currency, and the velocity of its circulation. Our findings indicate that cash assistance provided in the REC local currency could contribute to local economic development and financial stability by sustaining local commerce, while preserving most of the original positive effects of cash assistance in a legal tender.

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“…However, neither of these methods were entirely suitable. ECI TIMUR primarily evaluates the economic and social pillars of the city's development [34]. The KES method is not very objective-the indicator's accuracy depends on the data source, which is derived from the types of land listed in the real estate cadaster, which are often inaccurate and outdated [35,36].…”

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confidence: 99%

Assessment of the Connectivity and Comfort of Urban Rivers, a Case Study of the Czech Republic

Havránková

Štych

Ondr

et al. 2023

Land

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This article investigates public spaces near urban rivers that contribute to the interaction between natural and urbanized areas and between people from different socio-economic backgrounds. The main goal of this study was to evaluate the environment of the largest urbanized areas of the Czech Republic, through which a large watercourse flows and creates a direct interaction with the city center. To evaluate the state of connectivity and comfort of urban rivers in the Czech Republic, a set of tools was applied to three cities: Prague, České Budějovice, and Hradec Králové. The methodology was created to correspond to the territory of Central Europe and was used for the specific assessment of rivers in four dimensions: (a) the spatial and visual accessibility, (b) the condition of the green corridor, (c) the condition of public space, and (d) the condition of the first built line. The dimensions are expressed using thirteen quantitative indicators of the environmental condition. The methodology uses the Urban River Sustainability Index (URSI), which was necessary to adjust the calculations of the indicators and resources for the Central European area. The best results were found in the central part of Prague and the worst in the peripheral part of Hradec Králové. The results call for the use of connectivity and comfort assessments of urban rivers for comparison, motivation, and future improvement in practice.

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Observation and assessment of local economic development with regard to the application of the local multiplier

Cited by 8 publications

References 21 publications

What are the economic impacts of short food supply chains? A local multiplier effect (LM3) evaluation

What are the economic impacts of short food supply chains? A local multiplier effect (LM3) evaluation

Crisis Mitigation through Cash Assistance to Increase Local Consumption Levels—A Case Study of a Bimonetary System in Barcelona, Spain

Assessment of the Connectivity and Comfort of Urban Rivers, a Case Study of the Czech Republic

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