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Measuring the Economic Impact of Tourism and Special Events: Lessons from Mississippi AgEcon
Myles, Albert E.; Carter, Rachael.
With the use of this dynamic spreadsheet model, tourism managers can gain valuable insight into tourism and special events. This insight can help them plan future events or evaluate whether the costs of producing these events are justified by the benefits. Visitor spending from outside the county creates direct sales in the local economy. Each dollar of direct sales adds indirect and induced spending in the county. Besides these impacts, visitor spending produces labor income and jobs for residents in the county.
Tipo: Conference Paper or Presentation Palavras-chave: Economic impact; Activity; Event; Employment; Income; Sales; And tax revenues direct; Indirect; And total impact; Community/Rural/Urban Development; Consumer/Household Economics; Research and Development/Tech Change/Emerging Technologies; Teaching/Communication/Extension/Profession.
Ano: 2009 URL: http://purl.umn.edu/46857
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Factors affecting the Distribution of Community Reinvestment Act (CRA) Loans across Household Income Groups AgEcon
Carter, Rachael; Shaik, Saleem; Barefield, Alan.
The purpose of the paper is to understand the soci-economic factors affecting the distribution of community reinvestment act loans across four income groups using county level information from 1996-2004 for the delta region. The specific objectives of the paper 1) Estimate an seemingly unrelated regression (SUR) to examine the factors affecting the distribution of loan across income groups 2) Prior to the estimation of SUR, test for autocorrelation, heteroskedasticity and time series properties of the variables. Background To promote depository financial institutions to serve the credit needs of moderate and lower income neighborhoods, the U.S. Congress passed the Community Reinvestment Act (CRA) in 1977. The CRA was introduced to prevent "redlining" or...
Tipo: Conference Paper or Presentation Palavras-chave: Community/Rural/Urban Development; Financial Economics; Institutional and Behavioral Economics; Public Economics.
Ano: 2008 URL: http://purl.umn.edu/6708
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Economic Impact of the 32nd Annual Peter Anderson Arts and Crafts Festival, Ocean Springs, Mississippi AgEcon
Myles, Albert E.; Carter, Rachael.
Evaluating the Economic Impact of Festivals and Special Events: Lessons From the 32st Annual Peter Anderson Arts and Crafts Festival in Ocean Springs, Mississippi Background: Festivals are an integral part of the economies of most communities in Mississippi. The economic benefits of festivals can be assigned a dollar value, but no amount of money will accurately reflect the personal and social benefits of these events. Festivals can increase tourism in the area. These events not only bring outside revenue to the community, but they allow even the smallest towns to celebrate and capitalize on the unique aspects of their area. As budgets tighten in small communities economic and community development entities are constantly working to improve their...
Tipo: Presentation Palavras-chave: Economic Impact; Tourism; Community Development; Community/Rural/Urban Development.
Ano: 2011 URL: http://purl.umn.edu/119050
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