Developing a Small Airport Economic Impact Estimator [Project Summary]
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2020-10-31
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Abstract:The research team found that building an estimator tool that can be tailored to each airport provides more precise estimates of that airport’s impact. The model and tool move beyond the statewide study by using region-specific estimates and inputs, where possible, and allowing for user input when conditions have changed since the last statewide economic impact report. In building the Estimator, researchers found that economic conditions vary widely across the state, which makes the use of local multipliers and input data key to providing accurate results.
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