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Understanding Economic Impact Analysis
 
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Michael N'dolo, Vice President of Camoin Assosicates, discusses how to do an economic vs. fiscal impact analysis, why you'd do one, the key terms and mistakes to avoid while doing one, and finally the impact models available for use. This is the 7th video of Economic Development Academy series.
Views: 3485 UNH Extension
Environmental Impact Assessment - Analyzing Benefits and Actions (Examrace)
 
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Dr. Manishika Jain in this lecture explains the concept of Environmental Impact Assessment (EIA) and difference between EIA and Strategic EIA. Tool to identify environmental, social and economic impacts of a project prior to decision-making – UNEP In India, Started in 1978-79 by river valley projects EIA has now been made mandatory under the Environmental Protection Act, 1986 for 29 categories of developmental activities that involves investments of Rs. 50 crores & more EIA – Definition @0:07 Stages Involved in EIA @4:51 Which Projects fall under EIA? @6:16 What to Address? @7:59 Benefits of EIA @9:19 Procedure @10:12 Follow Up @11:56 Polluter’s Pay Principle @12:07 Precautionary Principle @12:24 Strategic EIA @13:24 Environment Impact Assessment @14:09 Strategic Environment Assessment @14:19 #Implementation #Effluents #Concentration #Hazardous #Cumulatively #Screening #Compliance #Enforcement #Developmental #Investments #Manishika #Examrace Stages Involved in EIA Screening Scoping Assessment & Evaluation Report EIA: Non-technical summary for the general audience Review EIS Decision Making: Whether to approve project or not Monitoring, Compliance, Enforcement Environmental Auditing Which projects fall under EIA? Which can significantly alter the landscape, land use pattern & lead to concentration of working population Which need upstream development activity like assured mineral and forest products supply Which need downstream industrial process development Those involving manufacture, handling and use of hazardous materials Those sited near ecologically sensitive areas, urban centers, hill resorts, places of scientific and religious importance Industrial Estates which could cumulatively cause significant environmental damage What to Address? Meteorology and air quality Hydrology and water quality Site and its surroundings Occupational safety and health Details of the treatment and disposal of effluents and the methods of alternative uses Transportation of raw material and details of material handling Control equipment and measures proposed to be adopted Benefits of EIA Environmental benefits Economic benefits Reduced cost and time of project implementation and design Avoided treatment Clean-up costs Impacts of laws and regulations Procedure Follow Up Precautionary Principle: If an action or policy has a suspected risk of causing harm to the public, or environment, in the absence of scientific consensus, the burden of proof falls on those taking the action. Part of Rio Declaration & Kyoto Protocol. Polluter’s Pay Principle: To make the party responsible for producing pollution responsible for paying for the damage done to the natural environment. Support from OECD and European Community. Strategic EIA Formalized, systematic & comprehensive process to identify & evaluate environmental consequences of proposed policies, plans or programs Ensure full inclusion Address at earliest possible stage of decision-making on a par with economic & social considerations Can be applied to entire sector For NET Paper 1 material refer - http://www.examrace.com/CBSE-UGC-NET/CBSE-UGC-NET-FlexiPrep-Program/Postal-Courses/Examrace-CBSE-UGC-NET-Paper-I-Series.htm Examrace is number 1 education portal for competitive and scholastic exam like UPSC, NET, SSC, Bank PO, IBPS, NEET, AIIMS, JEE and more. We provide free study material, exam & sample papers, information on deadlines, exam format etc. Our vision is to provide preparation resources to each and every student even in distant corders of the globe. Dr. Manishika Jain served as visiting professor at Gujarat University. Earlier she was serving in the Planning Department, City of Hillsboro, Hillsboro, Oregon, USA with focus on application of GIS for Downtown Development and Renewal. She completed her fellowship in Community-focused Urban Development from Colorado State University, Colorado, USA. For more information - https://www.examrace.com/About-Examrace/Company-Information/Examrace-Authors.html
Views: 124553 Examrace
Economic impact analysis
 
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An economic impact analysis (EIA) examines the effect of an event on the economy in a specified area, ranging from a single neighborhood to the entire globe. It usually measures changes in business revenue, business profits, personal wages, and/or jobs. The economic event analyzed can include implementation of a new policy or project, or may simply be the presence of a business or organization. An economic impact analysis is commonly conducted when there is public concern about the potential impacts of a proposed project or policy. An economic impact analysis typically measures or estimates the change in economic activity between two scenarios, one assuming the economic event occurrs, and one assuming it does not occurr (which is referred to as the counterfactual case). This can be accomplished either before or after the event (ex ante or ex post). This video is targeted to blind users. Attribution: Article text available under CC-BY-SA Creative Commons image source in video
Views: 1953 Audiopedia
Economic Impact Assessment
 
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Subject:Business Economics Paper : Project Appraisal and Impact Analysis
Views: 367 Vidya-mitra
Economic Evaluation Webcast Part 2 of 5: Economic Impact Analysis
 
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This 5-part webcast series is designed to help you understand the value of economic evaluation and how to incorporate these methods into your heart disease and stroke prevention programs. This module shows the potential benefits of prevention and will help you determine the total costs of a disease or condition. Comments on this video are allowed in accordance with our comment policy: http://www.cdc.gov/SocialMedia/Tools/CommentPolicy.html This video can also be viewed at https://www.cdc.gov/dhdsp/videos/Economic-Evaluation-Part2-low-res.mp4
FITMAN Webinar 2015 06 Socio-Economic Impact Assessment Methodology
 
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A webinar on the Socio-Economic Impact Assessment Methodology developed in FITMAN project. This methodology has been developed to analyse and estimate the social and economic impacts of the FITMAN use case trials by adopting FIWARE technologies. Presented by Vegard Engen from the IT Innovation Centre, University of Southampton.
Views: 374 FITMAN FI
Socio-Economic Impact Assessment Study | Athenian Brewery
 
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The results of the Socio-Economic Impact Assessment Study clearly showcase Athenian Brewery's contribution to the Greek economy and its support to employment and agriculture.
Views: 1922 Athenian Brewery
Panel Data Analysis | Econometrics | Fixed effect|Random effect | Time Series | Data Science
 
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This video is on Panel Data Analysis. Panel data has features of both Time series data and Cross section data. You can use panel data regression to analyse such data, We will use Fixed Effect Panel data regression and Random Effect panel data regression to analyse panel data. We will also compare with Pooled OLS , Between effect & first difference estimation For Analytics study packs visit : https://analyticuniversity.com Time Series Video : https://www.youtube.com/watch?v=Aw77aMLj9uM&t=2386s Logistic Regression using SAS: https://www.youtube.com/watch?v=vkzXa0betZg&t=7s Logistic Regression using R : https://www.youtube.com/watch?v=nubin7hq4-s&t=36s Support us on Patreon : https://www.patreon.com/user?u=2969403
Views: 68517 Analytics University
Conducting an Economic Analysis
 
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This video is a part of Conservation Strategy Fund's collection of environmental economic lessons and was made possible thanks to the support of the Gordon and Betty Moore Foundation and the Marcia Brady Tucker Foundation. This series is for individuals who want to learn - or review - the basic economics of conservation. In this video, you will learn how to set up an economic analysis using an example of a fisherman buying a boat and setting up a fishing operation. You will look at a project from the perspective of the fisherman conducting a financial analysis as well as from the perspective of society doing an economic analysis. To follow this series, subscribe to our YouTube channel. For more information on these and other trainings from Conservation Strategy Fund, check out: http://www.conservation-strategy.org/
Session 6: Budget Impact Analysis
 
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The Institute of Health Economics (IHE), in partnership with the Network of Alberta Health Economists (NOAHE) and Alberta Health, is delighted to co-host an invitational luncheon series that will serve to provide an applied orientation to health economic evaluation. The objective of this series is to help policy makers develop the skills required to better translate and interpret health economic findings. Session 6 - 9 January 2017: Budget Impact Analysis Participants will go through different elements of budget impact analysis, from theory to practice. Institute of Health Economics (IHE): http://www.ihe.ca/ Network of Alberta Health Economists (NOAHE): http://www.noahe.ca/ Alberta Health: http://www.health.alberta.ca/
Social Impact Measurement (SIM) Assessment Overview
 
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The Social Impact Measurement (SIM) Assessment developed by inFocus assesses the measurement practices of organisations against the SIM Standards. The SIM Assessment report will provide your organisations with advice on the tools and processes to improve the quality of your impact measurement practices. For an overview of the SIM Assessment, do check out this short video.
Views: 6201 inFocus Enterprises
Socioeconomic Impact Study
 
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Project in Applied Economics by the grade 12 students Lorenz Santos Paul Clarence Sengco Eugene Royce Salvador
Views: 291 Third Ecos
Economic Evaluation Webcast Part 1 of 5: Introduction to Economic Evaluation
 
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This 5-part webcast series is designed to help you understand the value of economic evaluation and how to incorporate these methods into your heart disease and stroke prevention programs. This module provides an overview of economic evaluation and how it’s applicable to your program. Comments on this video are allowed in accordance with our comment policy: http://www.cdc.gov/SocialMedia/Tools/CommentPolicy.html This video can also be viewed at https://www.cdc.gov/dhdsp/videos/Economic-Evaluation-Part1-low-res.mp4
2017 Economic Impact Analysis for Everybody
 
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IMPLAN Impact Analysis Demonstration for EDC/EDO's
Views: 417 Charlie Higgins
Rob Stuart - SocioEconomic Impact Assessment
 
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This snapshot talk is part of the Synergy Alberta Conference of 2012 video series on working together in the energy sector.
Views: 311 Synergy Alberta
Data Collection and Analysis Methods in Impact Evaluation - Involving stakeholders
 
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Do you have advice for involving stakeholders from the beginning of an evaluation to help with the uptake of the findings? - - - - - - - - - - - - - - - Throughout 2015, BetterEvaluation partnered with the UNICEF Office of Research – Innocenti to develop eight impact evaluation webinars for UNICEF staff. The objective was to provide an interactive capacity-building experience, customized to focus on UNICEF’s work and the unique circumstances of conducting impact evaluations of programs and policies in international development. The webinars were based on the Impact Evaluation Series – a user-friendly package of 13 methodological briefs and four animated videos – and presented by the briefs' authors. You can view the full series here: http://betterevaluation.org/resources/overview/UNICEF_Impact_Webinar_Series This page provides links not only to the eight webinars, but also to the practical questions and their answers which followed each webinar presentation.* * The findings, interpretations and opinions expressed in the webinars are those of the presenters and do not necessarily reflect the policies or views of the United Nations Children’s Fund (UNICEF). The presenters are independent impact evaluation experts who were commissioned by UNICEF to prepare the webinars and use their own knowledge and judgement on key issues and to provide advice. The questions and comments reflected in the Q & A materials are based on those submitted by UNICEF staff as part of this capacity-building initiative. They do not necessarily reflect the policies or views of UNICEF. The webinars were commissioned by UNICEF and UNICEF is entitled to all intellectual property and other proprietary rights which bear a direct relation to the contract under which this work was produced. The materials on this page are subject to a Creative Commons license CC BY-NC (Attribution-NonCommercial) and may be used and reproduced in line with the conditions of this licence.
Views: 360 Better Evaluation
Socio Economic Impact Assessments: The good, the bad and unfinished business
 
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On 21 January 2016, President Jacob Zuma told the World Economic Forum in Davos: “Government also decided that from 1 September 2015 all future legislation and regulations will be subject to a Socio Economic Impact Assessment (SEIA) before being passed”, noting that impact assessments will promote greater policy coordination. The President’s statement followed the May 2015 adoption by the Department of Planning, Monitoring and Evaluation (DPME) of the Guidelines for Socio Economic Impact Assessment System (SEIAS). Leon Louw, Executive Director, Free Market Foundation explains: why impact assessments are essential; what’s right and what’s wrong about the existing guidelines; how to ensure an impact assessment is honest; why law-making should include constitutionality, consistency, clarity AND feasibility; why laws should be consistent with the rule of law, rather than the discretionary, subjective or arbitrary “rule of man”.
Views: 141 ChannelFMF
What is Impact Assessment?
 
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IAIA members reflect on what impact assessment is and why it is important while attending IAIA16 in Nagoya, Japan. IAIA16 was the 36th annual conference of the International Association for Impact Assessment (IAIA). Visit www.iaia.org for more information about IAIA and its activities.
Views: 2180 iaiachannel
What is Impact Evaluation?
 
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By using impact evaluations, we know how effective our programs are and can make good, cost-effective decisions about future programs to reduce extreme poverty and boost shared prosperity. For more information, visit: http://www.worldbank.org/sief.
Views: 28300 World Bank
Incorporating Wider Economic Impacts Within Cost-Benefit Appraisal
 
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Presentation on "Incorporating Wider Economic Impacts Within Cost-Benefit Appraisal " by Anthony Venables, University of Oxford, UK, during the Roundtable on "Quantifying the Socio-Economic Benefits of Transport" held by the International Transport Forum. 9 November 2015 Paris, France
Views: 294 IntTransportForum
Using Text to Quantify Policy Uncertainty
 
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In this Friedman Forum talk for undergraduates, Steven J. Davis demonstrates the use of automated text analysis methods for quantifying policy uncertainty and measuring its economic impact.
Session 7: Advanced Methods in Economic Evaluation: Value of Perfect Information
 
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The Institute of Health Economics (IHE), in partnership with the Network of Alberta Health Economists (NOAHE) and Alberta Health, is delighted to co-host an invitational luncheon series that will serve to provide an applied orientation to health economic evaluation. The objective of this series is to help policy makers develop the skills required to better translate and interpret health economic findings. Session 7 - 16 January 2017: Advanced Methods in Economic Evaluation: Value of Perfect Information and Probabilistic Sensitivity Analysis This session will provide more advanced techniques with regards to economic evaluation. Institute of Health Economics (IHE): http://www.ihe.ca/ Network of Alberta Health Economists (NOAHE): http://www.noahe.ca/ Alberta Health: http://www.health.alberta.ca/
Measuring Economic & Social Impact, What, Why & How
 
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Presentation provides an overview of the importance of conducting economic and social impact analysis as a tool to communicate the impact and organizational value to the local community.
Impact Analysis Techniques In Managing Requirement Changes
 
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Recorded with http://screencast-o-matic.com
Tools For Assessing Economic Impact: A Primer For Food System Practitioners Webinar
 
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This webinar is intended for food system practitioners interested in commissioning an economic impact assessment. It offers an introduction to the concept and provides an overview of different tools to assess economic growth. Speakers cover both standard commercial models and alternative, community-based approaches. The webinar includes an example of an economic impact assessment underway for the craft beer industry, highlighting the lessons learned so far. This webinar was given by: Megan Phillips Goldenberg, New Growth Associates Ashley McFarland, Upper Peninsula Research and Extension Center Kathryn Colasanti, Specialist, Center for Regional Food Systems (CRFS), Michigan State University Tools For Assessing Economic Impact: A Primer For Food System Practitioners Webinar Q&A Summary More information and a pdf of the webinar Q&A Summary: http://foodsystems.msu.edu/resources/a-primer-for-food-system-practitioners-webinar
Social Research: Baseline studies, socio economic surveys, social impact assessments
 
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Conducting research in social investment and community development – including social baseline studies, socio economic surveys, social impact and opportunity studies: CSI Masterclass
What is SOCIAL IMPACT ASSESSMENT? What does SOCIAL IMPACT ASSESSMENT mean?
 
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What is SOCIAL IMPACT ASSESSMENT? What does SOCIAL IMPACT ASSESSMENT mean? SOCIAL IMPACT ASSESSMENT meaning - SOCIAL IMPACT ASSESSMENT definition - SOCIAL IMPACT ASSESSMENT explanation. SUBSCRIBE to our Google Earth flights channel - https://www.youtube.com/channel/UC6UuCPh7GrXznZi0Hz2YQnQ Source: Wikipedia.org article, adapted under https://creativecommons.org/licenses/by-sa/3.0/ license. Social impact assessment (SIA) is a methodology to review the social effects of infrastructure projects and other development interventions. Although SIA is usually applied to planned interventions, the same techniques can be used to evaluate the social impact of unplanned events, for example disasters, demographic change and epidemics. The origins of SIA largely derive from the environmental impact assessment (EIA) model, which first emerged in the 1970s in the U.S, as a way to assess the impacts on society of certain development schemes and projects before they go ahead - for example, new roads, industrial facilities, mines, dams, ports, airports, and other infrastructure projects. In the United States under the National Environmental Policy Act, social impact assessments are federally mandated and performed in conjunction with environmental impact assessments. SIA has been incorporated into the formal planning and approval processes in several countries, in order to categorize and assess how major developments may affect populations, groups, and settlements. Though the social impact assessment has long been considered subordinate to the environmental impact assessment, new models, such as the Environmental Social Impact Assessment (ESIA), take a more integrated approach where equal weight is given to both the social and environmental impact assessments. Definitions for "social impact assessment" vary by different sectors and applications. According to the International Association for Impact Assessment, "Social impact assessment includes the processes of analyzing, monitoring and managing the intended and unintended social consequences, both positive and negative, of planned interventions (policies, programs, plans, projects) and any social change processes invoked by those interventions. Its primary purpose is to bring about a more sustainable and equitable biophysical and human environment." SIA's originate from the 1970's and were originally used in Anglo-Saxon environments with indigenous peoples, like the United States, Canada and Australia. Use of SIA's, in general in combination with Environmental Impact Assessments (ESIA) has since then developed, and are legally required in many other countries, ranging from development countries like Sierra Leone and Chad, emerging markets like Chili and Philippines but also other OECD countries like Greenland and South Africa. Increased pressure on available land and increasingly educated and competent local communities can lead to high costs for public acceptance of complex projects with adverse risks and effects. SIA's are increasingly seen as an effective instrument to bring these costs down by determining views of affected communities on risks, effects and mitigation measures based on a sound socio-economic baseline study. The IFC Performance Standards are generally seen as the benchmark for ESIA's and insert this in an overarching Envrironmental and Social Risk Management System, which is based on proven risk management techniques. The IFC Performance Standard is used by multinational companies and commercial investors. Commercial banks have united themselves under the Equator Principles with over 90 members in 37 countries. SIA overlaps with monitoring and evaluation (M&E). Evaluation is particularly important in the areas of: 1. public policy, 2. health and education initiatives, and 3. international development projects more generally, whether conducted by governments, international donors, or NGOs. In all these sectors, there is a case for conducting SIA and evaluations at different stages. The Hydropower Sustainability Assessment Protocol is a sector specific method for checking the quality of environmental and social assessments and management plans. ....
Views: 1224 The Audiopedia
Measuring Socio-Economic Impact: The Business Perspective
 
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Hosted by the World Business Council for Sustainable Development (WBCSD), in partnership with ANDE, this event aims to facilitate discussion of the challenges faced by companies in measuring, managing and communicating the socio-economic impacts of their operations.
Views: 376 The Aspen Institute
A Tool for Assessing the Economic Impacts of Spending on Public Transit
 
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2013 CUTR Webcast Recording: In this project, an Excel-based template tool was developed for transit agencies, local governments, and other stakeholders of public transit to estimate the economic impacts of spending on public transit. Features include the following: • Uses input-output multipliers from the Regional Input-Output Modeling System (RIMS II) (U.S. Bureau of Economic Analysis) to capture the direct, indirect, and induced effects of spending on public transit in terms of gross output (sales), value added (regional gross domestic product, GDP), labor earnings, and jobs (person-years of full- and part-time employment) for any study area consisting of one or more spatially-contiguous counties. • Explicitly considers whether spending originated from funds inside or outside the study area, whether spending was made inside or outside the study area, whether funds originated from borrowing, whether spending was for land acquisition, and the effect of full employment on estimated job impacts. • Is designed for estimating the economic impacts of spending on transit primarily on existing service or on service expansion in an area that already has transit service; is applicable, with caution, to new transit services for areas that do not already have transit service. This webcast discussed methodological factors, described the tool and its use, and presented applications of the tool to Central Florida counties with urban public transit service. http://www.cutr.usf.edu/2013/08/cutr-webcast-recording-a-tool-for-assessing-the-economic-impacts-of-spending-on-public-transit/
Views: 566 CUTRUSF
Economic-Impact Study on Redeveloping the Green Bay Correctional Institution
 
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St. Norbert College's Center for Business & Economic Analysis was commissioned by the village of Allouez to conduct an economic-impact study on repurposing the Green Bay Correctional Institution (GBCI). The purpose of this study is to provide estimates of economic impact, in terms of jobs, labor income, output and tax revenues, for one conceptual plan created by local leaders and citizens in the village of Allouez. A press conference sharing the findings of the study was held on Tuesday, Sept. 4 at St. Norbert College.
AFE-INNOVNET Webinar 5 - The socio-economic impact assessment tool
 
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AFE-INNOVNET Team has developed a tool to help local and regional authorities assess the socio-economic impact of their age-friendly initiatives. Watch the webinar to discover how to use it!
Views: 58 Ophélie Durand
Paul Ferraro - Impact Analysis
 
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Humanitas Visiting Professor Paul Ferraro discusses the methodology of impact assessment on environmental conservation programmes
Webinar: Socio-Economic Impact Assessment of Management Scenarios within the EAFM
 
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One hour webinar hosted and organized by Syntesa on the Socio-Economic Impact Assessment of Management Scenarios within the Ecosystem Approach to Fisheries Management. This webinar is part of the MareFrame project, http://mareframe-fp7.org/, Co-creating Ecosystem-based Fisheries Management Solutions.
Views: 72 Matís Iceland
2.7.3 Environmental Impact Assessment
 
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A quick overview of EIA made specifically for the IB Environmental Systems and Societies course but a useful overview for anyone who wants to know more about the ideal EIA process.
Views: 59180 Dan Dubay
Economic Evaluation Webcast Part 4 of 5: Benefit-Cost Analysis
 
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This 5-part webcast series is designed to help you understand the value of economic evaluation and how to incorporate these methods into your heart disease and stroke prevention programs. This module places a dollar value on program outcomes and will help you determine the benefits or consequences of a program, policy, or intervention compared to the dollars spent. Comments on this video are allowed in accordance with our comment policy: http://www.cdc.gov/SocialMedia/Tools/CommentPolicy.html This video can also be viewed at https://www.cdc.gov/dhdsp/videos/Economic-Evaluation-Part4-low-res.mp4
Intro to Cost-Benefit Analysis
 
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This video is a part of Conservation Strategy Fund's collection of environmental economic lessons and was made possible thanks to the support of the Gordon and Betty Moore Foundation and the Marcia Brady Tucker Foundation. This series is for individuals who want to learn - or review - the basic economics of conservation. In this video, you will be introduced to the concept of a cost benefit analysis. You will learn the difference between decision making from the perspective of a private firm vs. a larger society and how this applies to environmental conservation. To follow this series, subscribe to our YouTube channel. For more information on these and other trainings from Conservation Strategy Fund, check out: http://www.conservation-strategy.org/ For copyright information on all sound effects, see http://www.conservation-strategy.org/en/page/csf-economic-video-lessons-sound-references
Shale Energy Development Economic Impact Analysis Fact Sheet Series: Characteristics of a Boomtown
 
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This short video is based on the original research from the project "Maximizing the Gains of Old and New Energy Development for America's Rural Communities." This video summarizes the second of six chronological fact sheets to help describe the economic impacts related to energy development. A boomtown can be simply defined as a community undergoing rapid growth due to sudden economic shock. This short video reviews common characteristics of a boomtown and discuss how they align with the core development stages in oil and gas development.
Evidence synthesis in socio-economic impact assessment
 
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Justus Wesseler (Wageningen University, The Netherlands)
Environmental, economic, social impact assessments
 
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Wednesday, 6 September 2017, 4 PM, London I The UN-GGIM: Europe core data initiative to encourage Geographic information supporting Sustainable Development Goals 0:02 Geospatial information for urban sustainable development goal monitoring 18:59 DOES INSPIRE AFFECT POSITIVELY THE PRIVATE SECTOR IN FRANCE ? AN EXPLORATORY STUDY USING A QUALITATIVE APPROACH 35:45 Big data to assure environment protection. Special reference to the Directive 2004/35/CE of the European Parliament and of the Council of 21 April 2004, on environmental liability with regard to the prevention and remedying of environmental damage. Challenges and potential solutions. 47:14 Smart cities : Smart cities:Towards a French strategy ? 1:04:50
Views: 223 Inspire EU
Health Economics
 
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Hi, my name is Dr. Sanjay Sharma. I am a Professor of Ophthalmology and Epidemiology at Queen's University. As a researcher, I am very interested in a particular area of epidemiology called health economics. Part of the goal of health economics is to work out the cost-benefit numbers for new interventions in a way that can help doctors and policy makers make the often difficult decisions on which interventions to pay for and which may be too expensive for public healthcare to fund. I want to give you a high level overview of how we do this... The key thing is being able to put a value on a new drug or procedure.  In healthcare we measure value in a unit called the QALYs or quality adjusted life years. One QALY is equal to living for one year in perfect health. So how do we work this out? Well, what we do is we look at the average person with a specific disease and then we look at all the outcomes of that disease both with and without the intervention that we are evaluating. For each possible outcome, we assign a probability and a utility score. The utility score is a measure of how much your quality of life would decrease with a certain outcome. For example, someone with wet macular degeneration might say that if they went blind, their quality of life would decreases by 55% - this would mean a utility score of 0.45. Using a mathematical model called a Markov model, we combine the utility scores and probabilities and other factors to determine the average benefit to someone with a disease who takes the drug we are evaluating. We calculate that benefit over the course of the treatment, and end up with the increase in QALYs caused by the drug. The next thing we do is look at the costs to society as a result of each outcome. Most obviously we have to look at the cost of paying for the drug treatments, but then we also have to take into account the total cost of each possible outcome associated with both receiving treatment and not receiving treatment. For example, in eye-care, we also have to consider the costs to the healthcare system if a patient went blind, including personal assistance, patient education and continuing medical care. In this case, the blindness could have been caused by adverse effect of the drug or through not taking the drug at all. Once we have determined the costs we can calculate the cost per QALY, or, how much does it cost us to gain the equivalent of a year in perfect health for a patient. This cost per QALY becomes a standardized metric to evaluate new interventions The typical scenario is that a new intervention provides an improvement in the length or quality of life, but costs money. Then health economists and doctors argue it out as to whether government should pay for the intervention. Most governments fund things that cost less than $50,000 per QALY and do not pay for others that are more costly. It is a complex analysis and we have only brushed the surface, but I hope I have been able to give you a small glimpse into how health economists work and how their analysis helps us run our healthcare system with a reasoned approach.
Views: 55979 insidermedicine
Findings of Study on Socio-Economic Impact assessment of Bt Cotton in India part 2 of 3
 
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The study (#CSDBtcottonstudy) was carried out by Council for Social Development (#CSD) New Delhi. CSD is one of India's leading institutions working in the area of development research. The study was commisioned by Bharat Krishak Samaj (BKS). In the last ten years India has become the second largest cotton producer in the world. With over 90% of total acreage under hybrid BtCotton, BKS commisioned this study to assess farmers experiences across the nine cotton growing states in India. We wanted to separate truth from perception. BKS - Our agenda is simple : We advocate for farmer prosperity.
Views: 139 Bk S
JLF's Roy Cordato critiques study on N.C. hospitals' economic impact
 
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Dr. Roy Cordato, John Locke Foundation senior economist, explains problems linked to a new N.C. Hospital Association study about hospitals' economic impacts in the state. Cordato offered these comments during an interview with Donna Martinez for Carolina Journal Radio Program No. 737. Video courtesy of CarolinaJournal.com.