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Economic Impact of Free and Open Source Software A Study in IndiaRahul De Hewlett Packard Chair Professor Indian Institute Of Management Bangalore September 2009Economic Impact of FOSS in Indicates
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01
Start by gathering all the necessary data and information related to the economic impact you want to assess. This may include economic indicators, financial statements, market research data, and relevant reports.
02
Identify the scope and purpose of your economic impact assessment. Determine the specific factors and areas you want to evaluate, such as job creation, revenue generation, industry growth, or community benefits.
03
Use appropriate economic impact models or methodologies to analyze and measure the effects of the economic activity. Some common models include input-output analysis, economic multipliers, cost-benefit analysis, and simulation models.
04
Collect data on direct and indirect effects. Direct effects refer to the immediate economic activity caused by a specific project or event, while indirect effects are the secondary outcomes resulting from the initial economic activity.
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Calculate the economic indicators and metrics based on the data collected. This may include gross domestic product (GDP) impact, employment changes, tax revenues, trade flows, and productivity changes.
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Interpret the results and provide a comprehensive analysis of the economic impact. Present the findings in a clear and concise manner, highlighting the positive and negative effects, potential risks, and future opportunities.
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Consider the limitations and uncertainties associated with the economic impact assessment. Acknowledge any data gaps, assumptions, or potential biases that may affect the accuracy and reliability of the results.
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Communicate the findings to the relevant stakeholders, such as government agencies, businesses, investors, or community organizations. Provide recommendations and actionable insights that can contribute to informed decision-making and policy development.
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Review and update the economic impact assessment periodically to monitor changes and assess the long-term effects. This will help in evaluating the effectiveness of strategies or interventions and making necessary adjustments.
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Ensure transparency and accountability throughout the process by documenting the methodology, data sources, calculations, and assumptions used in the economic impact assessment.

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Government agencies and policymakers: Economic impact assessments are crucial for governments to evaluate the consequences of policy decisions, understand the potential effects on various sectors and stakeholders, and make informed choices.
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Businesses and investors: Economic impact assessments provide valuable insights for businesses and investors in assessing the viability and potential benefits of projects, expansions, or investments. It helps in understanding the market dynamics, revenue generation, and profitability.
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Community organizations and non-profit entities: Economic impact assessments help community organizations and non-profit entities in understanding the social and economic implications of their initiatives. It assists in securing funding, gaining community support, and planning for sustainable development.
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International organizations and institutions: Economic impact assessments are important for international organizations and institutions to assess the economic consequences of global events, policies, or trade agreements. It helps in understanding the interdependence and potential risks for different economies.
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The economic impact of an event refers to the effect it has on the surrounding economy.
Organizations or individuals hosting events that could have a significant economic impact are required to file economic impact reports.
The economic impact of an event can be filled out by collecting data on direct and indirect spending, job creation, and overall economic output.
The purpose of economic impact reports is to quantify the financial benefits an event brings to a community or region.
Information such as attendance numbers, revenue generated, expenses incurred, and any other economic indicators must be reported on economic impact forms.
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