In the domain of the Economic Footprint, BAK offers model-based impact analyses of economic activities, events or circumstances on the (regional) national economy. Studies in the market field of economic impact analyses also focus on the communicative benefit for the client. Often, it is about questions that are raised in public and political discussions.
Foresight and data consistency
Thanks to our regional database you can combine your business basis with macroeconomic data
Back up your added value with numbers
Our impact analysis makes the effective impact of your company / major project or your sector visible for the regional economy
With the impact analysis of BAK you are in a position to demonstrate the economic benefits of your company / project or your sector
Point out positive side effects
Who benefits from your company / project or your industry and to what extent?
BAK Analytical approach
The conducted analysis by BAK is based on the detailed model architecture which provides accurate data on a community basis. The following is taken into account in the analysis and research process:
What is measured?
Comprehensive statements about the effective overall importance of an industry for an economy can only be made if the indirect effects are taken into account in addition to the direct effects.
Directly measurable economic effects are, for example:
- Value added
Additional indirect effects arise...
- through a value-creating demand triggered in other sectors
- through income, profits and taxes that are generated as a result of the sector's activities, as soon as these are reintroduced into the economic cycle (also called induced effects)
How is it measured?
The quantification of indirect economic effects is carried out with the help of so-called input-output models which make visible the interconnectedness in an economy between resources (labour, capital and imports), industries and usage (consumption, investments and exports). They show what kind of gross value added, employment or income can effectively, i.e. directly and indirectly, be attributed to the economic activity of, for example, an industry. Depending on the nature of the entire value chain and sectoral interdependencies, the effective economic effect can be significantly higher than immediately apparent from a purely partial view of the sector. Neglecting these indirect effects may therefore lead to a considerably distorted perception of the importance of a sector. The impact analysis can be carried out to quantify the economic importance of industries as well as specific demand impulses.