The park creates 200 jobs per year from direct and indirect jobs.
The existence of Teruel has made in its first decade of life a total economic impact of 1,564 million euros. This figure sums the effects of the expenditure of public institutions, the cost of paleontological park visitors and the costs of the management company itself.
That's the main conclusion from a study on the economic and employment Dinópolis Territory has developed Aragonesa Economics Foundation (Fender) this morning. The presentation was attended by the Deputy Prime Minister and President of Aragon Dinópolis, José Angel Biel, the Minister of Country Planning, Justice and Home Affairs, Rogelio Silva, managing director of the Instituto Aragonés de Fomento, Antonio Gasión, manager Dinópolis Higinia Navarro, and Fundear director and professor at the University of Zaragoza, José María Serrano.
The study analyzes the multiplier effects both public spending (spending 35 million euros constant) as the impacts of expenditure by more than 1.5 million visitors to the park (direct expenditure of 185 million euros). Fundear analysis was carried out through a new analytical tool, the Social Accounting Matrix of Aragon. The impact of the consideration that the effects of institutional spending and spending by visitors is not exhausted by the time they are made, through multiplier effects, produce further increases in expenditure and income . The study examines the effects on output and employment.
Effects production:
Fundear The study reveals that corporate spending 35 million euros over the period increased the total net production in the economy at 150 million euros. That is, every dollar spent by public institutions, the Aragonese economy quadrupled it in terms of production, income and expenditure. This impact mainly affected the construction, real estate and business services and household sector.
These total effects are divided into three: effects (on productive activities), opened effects (on the whole economy) and round effects (over time). The increase own effects of income was 28 million euros. Open effects increased by 59 million euros. The increase for round effects was 63 million euros.
On the other hand, the consumption of visitors Dinópolis also has multiple effects on the economy. Consumption of visitors reached Territory Dinópolis 185 million euros since the inauguration of the complex, ie visitor spending has increased fivefold that of the government. 65% of visitor consumption affects Dinópolis Territory hospitality and the rest is concentrated in trade and transport.
the past ten years, consumption Dinópolis Territory visitors has led to increased output in terms of net endogenous accounts of 1,307 million euros. That is, each dollar spent by visitors increased sevenfold in terms of production, income and expenditure. Based on the types of effects is found again that the greatest increase is due to round effects (549 million euros), followed closely by the open effects (490 million euros) and, finally, the effects ( 268 million euros).
The sum of the effects of the expenditure of public institutions and expenditure of visitors was 220 million euros. If we add the costs of the management company itself will reach 245 million euros. This has caused total multiplier effects through increased production through endogenous accounts of 1,564 million euros.
As for the productive sector accounts benefiting from the biggest increases in output by the total expenditure in the Territory Dinópolis highlights some of the industries such as Hospitality (7.1% increase), Commerce (6.5% ), Transport and communications (2.6%), Manufacture of food, beverages and snuff (2.1%), financial intermediation and insurance (1%), which far exceeded the average increase in endogenous accounts of the regional economy (1.5%). In other accounts representing sectors emphasized the factors of production, both wages and salaries (1.7%) and Gross Operating Surplus (2.3%) and the household sector (1.8%).
Effects on Employment:
In relation to employment associated with Dinópolis Territory, the results indicate that the generation of indirect employment in the regional economy as a whole reached an average of 132 jobs per year. Add to this figure the average annual employment generated directly by the institutions involved in the project, it can be concluded that total employment generated by Territory Dinópolis than 200 jobs per year.
The sectoral distribution Dinópolis impact on employment is the services sector absorbed 59% of indirect employment created during the last decade (which would have to add 70 jobs here not considered) and the industrial sector by 26% on average. Construction and primary sectors, meanwhile, represent, respectively, 8 and 7% of indirect employment generated in the period of analysis.
That's the main conclusion from a study on the economic and employment Dinópolis Territory has developed Aragonesa Economics Foundation (Fender) this morning. The presentation was attended by the Deputy Prime Minister and President of Aragon Dinópolis, José Angel Biel, the Minister of Country Planning, Justice and Home Affairs, Rogelio Silva, managing director of the Instituto Aragonés de Fomento, Antonio Gasión, manager Dinópolis Higinia Navarro, and Fundear director and professor at the University of Zaragoza, José María Serrano.
The study analyzes the multiplier effects both public spending (spending 35 million euros constant) as the impacts of expenditure by more than 1.5 million visitors to the park (direct expenditure of 185 million euros). Fundear analysis was carried out through a new analytical tool, the Social Accounting Matrix of Aragon. The impact of the consideration that the effects of institutional spending and spending by visitors is not exhausted by the time they are made, through multiplier effects, produce further increases in expenditure and income . The study examines the effects on output and employment.
Effects production:
Fundear The study reveals that corporate spending 35 million euros over the period increased the total net production in the economy at 150 million euros. That is, every dollar spent by public institutions, the Aragonese economy quadrupled it in terms of production, income and expenditure. This impact mainly affected the construction, real estate and business services and household sector.
These total effects are divided into three: effects (on productive activities), opened effects (on the whole economy) and round effects (over time). The increase own effects of income was 28 million euros. Open effects increased by 59 million euros. The increase for round effects was 63 million euros.
On the other hand, the consumption of visitors Dinópolis also has multiple effects on the economy. Consumption of visitors reached Territory Dinópolis 185 million euros since the inauguration of the complex, ie visitor spending has increased fivefold that of the government. 65% of visitor consumption affects Dinópolis Territory hospitality and the rest is concentrated in trade and transport.
the past ten years, consumption Dinópolis Territory visitors has led to increased output in terms of net endogenous accounts of 1,307 million euros. That is, each dollar spent by visitors increased sevenfold in terms of production, income and expenditure. Based on the types of effects is found again that the greatest increase is due to round effects (549 million euros), followed closely by the open effects (490 million euros) and, finally, the effects ( 268 million euros).
The sum of the effects of the expenditure of public institutions and expenditure of visitors was 220 million euros. If we add the costs of the management company itself will reach 245 million euros. This has caused total multiplier effects through increased production through endogenous accounts of 1,564 million euros.
As for the productive sector accounts benefiting from the biggest increases in output by the total expenditure in the Territory Dinópolis highlights some of the industries such as Hospitality (7.1% increase), Commerce (6.5% ), Transport and communications (2.6%), Manufacture of food, beverages and snuff (2.1%), financial intermediation and insurance (1%), which far exceeded the average increase in endogenous accounts of the regional economy (1.5%). In other accounts representing sectors emphasized the factors of production, both wages and salaries (1.7%) and Gross Operating Surplus (2.3%) and the household sector (1.8%).
Effects on Employment:
In relation to employment associated with Dinópolis Territory, the results indicate that the generation of indirect employment in the regional economy as a whole reached an average of 132 jobs per year. Add to this figure the average annual employment generated directly by the institutions involved in the project, it can be concluded that total employment generated by Territory Dinópolis than 200 jobs per year.
The sectoral distribution Dinópolis impact on employment is the services sector absorbed 59% of indirect employment created during the last decade (which would have to add 70 jobs here not considered) and the industrial sector by 26% on average. Construction and primary sectors, meanwhile, represent, respectively, 8 and 7% of indirect employment generated in the period of analysis.
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