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CITY OF TORONTO
MUNICIPAL LICENSING AND STANDARDSECONOMIC IMPACT ANALYSIS OF
TORONTO TAXICAB, LIMOUSINE, AND
PRIVATE TRANSPORTATION COMPANIES
MAY 17, 2019OVERALL FINDINGS
WSP Canada undertook a study
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How to fill out economic impact analysis of
01
To fill out an economic impact analysis, follow these steps:
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Start by gathering all relevant data such as employment statistics, sales figures, production and expenditure data, etc.
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Identify the purpose of the analysis and what specific economic impacts you want to measure.
04
Choose an appropriate methodology for your analysis, such as input-output analysis, cost-benefit analysis, or economic multipliers.
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Use the gathered data to estimate the direct and indirect economic impacts of the event, project, or policy you are analyzing.
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Consider any potential secondary effects such as changes in consumer behavior, employment opportunities, or tax revenues.
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Summarize your findings and present them in a clear and concise manner, using charts, graphs, and tables as necessary.
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Make sure to include a discussion of the limitations and assumptions of your analysis.
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Review and validate your analysis by consulting with other experts or conducting sensitivity tests.
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Finally, document your sources and provide references for all data used in the analysis.
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Economic impact analysis is needed by various individuals and organizations, including:
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- Non-profit organizations: They use economic impact analysis to demonstrate the contribution of their programs or events to the local economy.
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- Academic researchers: Economic impact analysis is a valuable tool for studying the economic effects of various phenomena, policies, or events.
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What is economic impact analysis of?
The economic impact analysis is a study that measures the effect of a specific project or policy on the economy.
Who is required to file economic impact analysis of?
Government agencies, businesses, and organizations may be required to file an economic impact analysis depending on the regulations in place.
How to fill out economic impact analysis of?
To fill out an economic impact analysis, one must gather data on the project or policy, analyze its potential effects on the economy, and present the findings in a report.
What is the purpose of economic impact analysis of?
The purpose of an economic impact analysis is to assess the potential benefits and drawbacks of a project or policy on the economy.
What information must be reported on economic impact analysis of?
Information such as projected job creation, changes in income levels, and impact on local businesses must be reported on an economic impact analysis.
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