Browsing by Subject "Economic impacts"
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Item Economic impacts of the hotel industry in Texas: An input-output analysis(2012-08) Kim, Hyojin; Goh, Ben K.; Stout, Betty L.; Yuan, JingxueBy identifying the economic structure of relations between the hotel industry and other industries within the State of Texas, this study examined data from 2009 from the Minnesota Implan Group to determine whether or not the hotel industry was a contributing industry to the State of Texas. Unlike a simple and straightforward ad-hoc multiplier focusing on an understanding of temporary economic impacts at a specific time, the input-output analysis created by Leontief comprehensively and systematically identifies a picture of producing and purchasing goods and services between entire industrial sectors in an economic system of a regional or national level. Therefore, the input-output analysis model, which provides quantified reliable data for policymakers, was applied to this study. The findings of this study were as follows: 1) Even though the hotel industry was helpful to the Texas economy, it made a small contribution to the state compared to manufacturing and other industries according to multipliers of output, labor income, value-added, and employment from the input-output analysis. 2) After aggregation into 21 and 20-related sectors based on the ISIC and NAICS, the hotel-related industry became somehow less interdependent when compared with other-related industries, such as manufacturing-related, construction, or finance and insurance-related sectors. However, it is more interdependent on the rest of the Texas economy than the wholesale and retail trade sectors. 3) Interestingly, while the hotel industry generated more labor income and employment than did the other accommodation industries, the other accommodation sectors created more output and value-added than did the hotel industry. With this quantified economic information from the results, it is anticipated to be helpful to future plans or policies associated with the hotel industry.Item Estimating economic impacts from transportation investments using the Texas Statewide Analysis Model and TREDIS(2013-08) Higgins, Samuel Felix; Walton, C. MichaelEconomic analyses of transportation investments are a common component of transportation planning. The profile of economic analyses has continued to rise due to increasing budget constraints and increasing emphasis on infrastructure's role in spurring economic development. One tool that has been developed specifically for transportation economic impact evaluation is the Transportation Economic Development Impact System (TREDIS). Common inputs for TREDIS are changes in travel characteristics caused by network improvements. Another commonly used planning tool is a travel demand model. Since 2003, the Texas Department of Transportation (TXDOT) has worked on the development of the Statewide Analysis Model (SAM) which estimates travel characteristics for passenger and freight modes. Together, the models have the potential to improve project evaluation and to highlight the roles that certain projects have in creating economic development. The hypothesis explored for this study is that SAM and TREDIS can be feasibly used together to help TXDOT evaluate the economic impacts of investments in freight corridors and other transportation investments. This report begins with general discussions of transportation economic analyses and the two models used. Then, the current SAM is evaluated using TREDIS followed by a discussion of the results and ways that this type of integrated planning can be incorporated by agencies. Through this study, key results include: the process of incorporating results from the SAM for use in TREDIS is feasible, an overall benefit-cost ratio of 4 for the entire set of long range roadway projects included in the SAM and 8 for only the interstate projects included in the SAM, rail and other transportation analyses are feasible using SAM and TREDIS.