The Culture, Arts, Heritage and Sport Economic Impact Model
What is Economic Impact Modelling?
Often when a new project or business is opening, advocates emphasize that the endeavor will bring jobs and other economic benefits to a community. These statistics are often grounded in economic impact studies, which use models to estimate the potential positive benefits of a project. Economic impact models assume that changes in expenditure can have ripple effects throughout an economy, and estimate the impact of such changes.
The Culture, Arts, Heritage and Sport Economic Impact Model (CAHSEIM)
Statistics Canada developed the Culture, Arts, Heritage and Sport Economic Impact Model (CAHSEIM) to measure the benefits, also known as economic impacts, of arts, culture, sport and heritage organizations, facilities and events.
This tool is very easy to use for any individual and organization who wishes to evaluate the economic impact of museums, theatres, galleries, arenas and historic sites. It can also be used for arts, culture, sport and heritage related events such as performances, productions, presentations, and festivals.
CAHSEIM estimates impacts for the following economic statistics: labour income, gross domestic product (GDP), employment (total jobs and number of full-time equivalents) and tax revenues. Consult this User Guide for more information on economic impact modelling and instructions on how to use CAHSEIM.
Contact us to get your copy of the Culture, Arts, Heritage and Sport Economic Impact Model in an easy to use Excel spreadsheet.
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