2011 World Allround Speed Skating Championship Event Economic Impact Report
- Topic: Sport
The economic impact of the World Speed Skating Championship was approximately $1.21 million for the province of Alberta. with 17.5 person years of employment generated.
Alberta Tourism, Parks and Recreation. (2013). 2011 World Allround Speed Skating Championship Event Economic Impact Report . Edmonton, Alberta: Author.
The model used for these studies is a “Sport” application of a generic model developed by Econometric Research Limited in conjunction with Alberta’s Ministry of Tourism, Parks and Recreation. It is a unique model that captures the economic impact of sport- related expenditures at the local level (counties or economic regions) and the provincial level (Alberta). The underlying system used for this model has previously been applied in economic impact studies of tourism in Alberta and several other Alberta economic development and tourism projects.
The model is based on technology that integrates input-output analysis and location theory. It utilizes economic and technical databases that are published by Statistics Canada. A short list includes the inter-provincial input and output tables, employment by sector, taxes by type of tax and the level of government collecting it, prices of products, energy used in physical and energy units, etc.
The input data used were specifically derived to reflect exclusively the incremental expenditures of the event and the visitors to the event.
The input data were all adjusted to net out expenditures that would otherwise be made in the economy in the absence of the event and/or to net out expenditures that are likely to not be re-circulated through either the local or provincial economy. This was accomplished by concentrating on the expenditures that can exclusively be attributed to the event and that represent “new” money to the economy.
For example, all visitors from outside the local region create incremental tourism impact in the local region; whereas other Alberta visitors do not create incremental province- wide impacts. The only visitor expenditures that are incremental to both the local region and to the province as a whole are those by other Canadian, USA and international visitors.
The economic impacts of incremental tourism from operational expenditures, capital projects and visitor expenditures were estimated separately and then rolled together to identify the total impacts of the event on the local, provincial and national economies.
ECONOMIC IMPACTS PROVINCE‐WIDE
Direct visitor spending and event operational expenditures attributed to hosting the 2011 World Allround Speed Skating Championships was approximately $1.04 million in 2011 dollars
These expenditures resulted in an economic impact value-added of $1.21 million province-wide
A total of 17.5 person years of employment equivalent were generated province- wide by expenditures attributed to the event
Approximately $450,860 in total taxation revenues accrued to all three levels of government as a result of provincial-wide impacts. Of this, there was:
o $299,860 to the federal government
o $112,140 to the provincial government
o $38,860 to local* governments, province-wide
ECONOMIC IMPACTS REGION‐ONLY (CALGARY)
NOTE: CALGARY REGIONAL ONLY IMPACTS ARE A SUBSET OF PROVINCE‐WIDE IMPACTS
These expenditures resulted in an economic impact (value-added) of $852,580 in the Calgary Region
A total of 14.5 person years of employment equivalent were generated in Calgary region only by expenditures attributed to the event
Approximately $336,000 in total taxation revenues accrued to all three levels of government as a result of the Calgary region only Impacts. Of this, there was:
o $220,400 to the federal government
o $86,400 to the provincial government
o $29,920 to local governments, province-wide