Impacts of Visitor Spending on the Local Economy: Lincoln Home National Historical Site, 2005
Stynes DJ. 2007. Impacts of Visitor Spending on the Local Economy: Lincoln Home National Historical Site, 2005. National Park Service, Michigan State University. East Lansing, MI
The purpose of this study is to document the local economic impacts of visitors to Lincoln Home National Historical Site (NHS) in 2005. Economic impacts are measured as the direct and secondary sales, income and jobs in the local area resulting from spending by park visitors. The economic estimates are produced using the Money Generation Model 2 (MGM2) (Stynes and Propst, 2000). Three major inputs to the model are: 1) Number of visits broken down by lodging-based segments, 2) Spending averages for each segment, and 3) Economic multipliers for the local region Inputs are estimated from the Lincoln Home NHS Visitor Survey, National Park Service Public Use Statistics, and IMPLAN input-output modeling software. The MGM2 model provides a spreadsheet template for combining park use, spending and regional multipliers to compute changes in sales, personal income, jobs and value added in the region.
- Type
- Published Report
- Authors
- Stynes, Daniel
- Date of Issue
- 2007-08
- Publisher
- National Park Service, Michigan State University
- Units
- EQD , LIHO , SSB
- Keywords
- focus group research, stakeholder (or public) survey research, visitor monitoring, Visitor Services Project, visitor survey research