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  6. Assessing the Economic Impacts of Food Hubs to Regional Economies: a framework including opportunity cost

Assessing the Economic Impacts of Food Hubs to Regional Economies: a framework including opportunity cost

File(s)
Cornell_Dyson_wp1503.pdf (350.22 KB)
Permanent Link(s)
https://hdl.handle.net/1813/57915
Collections
Dyson School Working Papers
Local and Regional Food Systems Collection
Author
Jablonski, B.B.R.
Schmit, T.M.
Kay, D.
Abstract

The number of food hubs (‘local food’ aggregation and distribution businesses) is growing, fueled in part by increasing public support. However, few data-driven economic impact assessments have evaluated these ventures. Using an input-output-based methodology and, a unique data set from a successful food hub operation, we measure the net and gross impacts from a policy supporting its development. We estimate a food hub gross output multiplier of 1.75, and employment multiplier of 2.14. However, utilizing customer surveys, we estimate that for every $1 increase in final demand for food hub products, a $0.11 offset in purchases occurs in other sectors.

Description
WP 2015-03 February 2015
JEL Classification Codes: Q18; R15
Date Issued
2015-02-01
Publisher
Charles H. Dyson School of Applied Economics and Management, Cornell University
Keywords
economic impact assessment
•
food hub
•
food policy
•
local food
Type
article

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