Browsing by Subject "Economic impact"
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Item The economic development impacts of investing in an Interstate 10 expansion project in Texas(2012-08) Evans, Stephen Daniel; Walton, C. Michael; Prozzi, JolandaTransportation planners, engineers, and administrators face the difficult tasks of prioritizing and justifying proposed investments in transportation infrastructure, particularly as government budgets tighten and alternative investments compete for public funding. One means by which professionals can prioritize and justify large transportation investments is by describing how a proposed project will impact an area’s economy in terms of creating new jobs, raising aggregate income, and increasing business revenues. The report begins by examining the general impact of transportation investments on economic development. Then it surveys various methods and tools that have been proposed for estimating economic impacts. Among these, the TREDIS economic impact model is selected and used to estimate the economic impacts of a current interstate highway project in Texas.Item Economic impact analysis using statewide analysis model and TREDIS : application to Texas transportation scenarios(2015-05) Zivojnovic, Stasa Vojin; Walton, C. Michael; Kam, Katie ATransportation projects do not necessarily get evaluated for economic value or impact even though arguably most projects are done to advance the economy in the long run, from inducing travel to improving market access. Those studies that do provide an economic study in their reports do not explain the methodology or critique the economic study process. This thesis takes a look at using the Texas Statewide Analysis (SAM) in combination with the Transportation Economic Development Impact System (TREDIS) to better understand the bearing a transportation project, or group of projects, may have on a region. The overview and critique of the SAM-TREDIS methodology is completed using a few scenarios of groups of projects for the Texas study region, for which one scenario includes the implementation of HSR in the Texas Triangle. The scenario of high-speed rail is explored as to encourage a future discussion to create a more concrete plan regarding future HSR. While the outputs of SAM for most Texas transportation scenarios were too subtle in difference between scenarios to create informative TREDIS outputs, they provided an in-depth look in the use of SAM and TREDIS separately and collectively. Overall, this method is useful at looking at future roadways projects that produce a moderately significant change in travel characteristics. Another model, or an improved SAM, is recommended for an accurate HSR study.Item Estimating the economic impact of tourism events : creating an input-output model for Texas(2008-05) Gieryn, Nathaniel Thomas; Oden, MichaelEstimates of the economic impact generated by tourism events can vary greatly depending on the methodologies used to conduct an analysis. This professional report will attempt to establish a standardized methodology for estimating the economic impact created by demand shocks to the economy resulting from event generated tourism visitation and spending with the final deliverable being a state-level input-output model for Texas. A review of state-level input-output models created for Michigan and Georgia in addition to a hypothetical scenario based on the 1996 Atlanta Olympics will illustrate the importance of assumptions in input-output analysis and lead to a discussion regarding some elements of hosting an event and increasing tourism that cannot be captured through this method. The report concludes by briefly examining considerations that should be made before applying the Texas model, the potential for future improvements, and finally the viability of recruiting events as an economic development strategy.