Comment 86372

By J (registered) | Posted February 15, 2013 at 14:34:10 in reply to Comment 86370

The thing I'm describing is called "import replacement": retaining resources that would otherwise be spent outside the community.

Dr Atif Kubursi, 'The Social and Economic Impacts of a Permanent Casino':

"The net economic impacts after factoring the effects of redirected expenditures and import replacement would include: • A total of $1,979,083 will be the amount lost at the Casino that could have been spent on groceries. • $4,947,708 could have been spent on clothing. • The sum of these two items of redirected expenditures is $6,926,791. The associated impacts of these expenditures are subtracted from the total impacts. These include: • $5,008,360 reduction in income. A loss of 111 person-years of employment.

On the other hand, we have added to the total impacts the following:

• An import replacement which amounts to $7,916,332. The impacts associated with the import replacement expenditures are higher than the negative redirected expenditures. The net impact results are, therefore, higher than the gross impacts.

Permalink | Context

Events Calendar

There are no upcoming events right now.
Why not post one?

Recent Articles

Article Archives

Blog Archives

Site Tools

Feeds