Economics of Induced Effects - Bizfluent
bizfluent.com › info-7946230-economics-inducedSep 26, 2017 · The total economic impact from a project includes not only its direct and indirect effects, but also its induced effects. The direct effect of a project consists, for instance, in the number of direct jobs it creates, and the indirect effects could consist of jobs created at a supplier’s factory. An induced effect consists of the impact of spending by the people employed in the project.
Definitions - Economic Impact | UAB
www.uab.edu › impact › definitionsOct 01, 2015 · Induced Economic Impact The response by an economy to an initial change (direct effect) that occurs through re-spending of income received by a component of value added. IMPLAN’s default multiplier recognizes that labor income (employee compensation and proprietor income components of value added) is not lost to the regional economy.