Overview[ edit ] An economic impact analysis attempts to measure or estimate the change in economic activity in a specified regioncaused by a specific business, organization, policy, program, project, activity, or other economic event. Types of Economic Impacts[ edit ] Economic impact analyses often estimate multiple types of impacts.
The committee maintains a chronology of the beginning and ending dates months and quarters of U. The committee determined that a peak in economic activity occurred in the U. The peak marks the end of the expansion that began in November and the beginning of a recession.
The expansion lasted 73 months; the previous expansion of the s lasted months. A recession is a significant decline in economic activity spread across the economy, lasting more than a few months, normally visible in production, employment, real income, and other indicators.
A recession begins when the economy reaches a peak of activity and ends when the economy reaches its trough.
Between trough and peak, the economy is in an expansion. Because a recession is a broad contraction of the economy, not confined to one sector, the committee emphasizes economy-wide measures of economic activity.
The committee believes that domestic production and employment are the primary conceptual measures of economic activity. The committee views the payroll employment measure, which is based on a large survey of employers, as the most reliable comprehensive estimate of employment.
This series reached a peak in December and has declined every month since then. The committee believes that the two most reliable comprehensive estimates of aggregate domestic production are normally the quarterly estimate of real Gross Domestic Product and the quarterly estimate of real Gross Domestic Income, both produced by the Bureau of Economic Analysis.
In concept, the two should be the same, because sales of products generate income for producers and workers equal to the value of the sales. However, because the measurement on the product and income sides proceeds somewhat independently, the two actual measures differ by a statistical discrepancy.
The product-side estimates fell slightly in Q4, rose slightly in Q1, rose again in Q2, and fell slightly in Q3. The income-side estimates reached their peak in Q3, fell slightly in Q4 and Q1, rose slightly in Q2 to a level below its peak in Q3, and fell again in Q3.
Thus, the currently available estimates of quarterly aggregate real domestic production do not speak clearly about the date of a peak in activity. Other series considered by the committee-including real personal income less transfer payments, real manufacturing and wholesale-retail trade sales, industrial production, and employment estimates based on the household survey-all reached peaks between November and June The committee determined that the decline in economic activity in met the standard for a recession, as set forth in the second paragraph of this document.
All evidence other than the ambiguous movements of the quarterly product-side measure of domestic production confirmed that conclusion. Many of these indicators, including monthly data on the largest component of GDP, consumption, have declined sharply in recent months.
The committee's primary role is to maintain a monthly chronology of the business cycle.
For this purpose, the committee mainly relies on monthly indicators. It also considers quarterly indicators and maintains a quarterly chronology. In its deliberations, the committee relied on a number of monthly and quarterly economic indicators published by government agencies.
The Appendix to this announcement lists these indicators and their sources. The Appendix also describes the calculations required to reproduce the series that the NBER committee examined in its deliberations.TTK Prestige: Economic Value Added Analysis is a Harvard Business (HBR) Case Study on Global Business, Fern Fort University provides HBR case study assignment help for just $ Our case solution is based on Case Study Method expertise & our global insights.
Key Observations and Findings Benefits and Opportunities of Natural Gas Use, Transportation, & Production Introduction: This report describes how natural gas and its associated liquids (lease condensate and natural gas plant liquids) contribute to the U.S.
economy both at a national level and in terms of the economies of individual states. Examples of headline results you can produce with the WHO/Europe Health Economic Assessment Tool (HEAT) HEAT can be used for evaluations of interventions that have led to an increase in walking or cycling; for hypothetical or projected changes; or to value the current situation.
FINANCIAL RATIO ANALYSIS. Financial ratio analysis involves the calculation and comparison of ratios which are derived from the information given in the company's financial statements.
Scope. National accounts broadly present output, expenditure, and income activities of the economic actors (households, corporations, government) in an economy, including their relations with other countries' economies, and their wealth (net worth).
A value-added tax is a consumption tax placed on a product whenever value is added at each stage of the supply chain, from production to the point of sale.