ECONOMIC IMPACT OF GENERAL AVIATION IN FLORIDA: SUGGESTED METHOD OF ANALYSIS

The absence of a standard methodology to determine the regional economic impact of airports has caused difficulties in (a) evaluating economic impacts, (b) comparing economic impacts of airports in different regions, and (c) comparing the economic impact of airports with other economic activities. The input-output approach is generally regarded as the most appropriate method for determining regional impacts; however, the use of input-output analysis has been limited because of its high cost. The problem of high cost has recently been overcome by the Regional Input-Output Modeling System (RIMS II) developed by the U. S. Department of Commerce. The Florida Department of Transportation conducted a study of the economic impact of general aviation on Florida's eoncomy. Using the RIMS II procedure, a method was developed to assess the impact of a specific general aviation airport on its community and the impact of statewide general aviation on the total Florida economy. The melthodology was developed to minimize data requirements and hence survey costs. The Florida study indicated that in 1981 general aviation employed 9,752 and generated $157 million in total earnings. The methodology and results presented in the Florida General Aviation Economic Assessment study are highlighted and an example of the use of the RIMS II tables is presented. The methodology is concluded to be applicable throughout the United States and it is recommended that the RIMS II approach be used as a standard to evaluate the regional economic impact of aviation and other transportation activities.

Media Info

  • Media Type: Digital/other
  • Features: References; Tables;
  • Pagination: pp 20-23
  • Monograph Title: Issues in air transport
  • Serial:

Subject/Index Terms

Filing Info

  • Accession Number: 00391038
  • Record Type: Publication
  • ISBN: 0309037042
  • Files: TRIS, TRB
  • Created Date: Dec 30 1984 12:00AM