What follows is a brief summary of the Tasks and related issues to be considered when conducting economic impact analysis of recreation events/facilities. These Tasks are discussed in more details in the Economic Impact "Complete Guide" and can be referenced by following the links.

Task 5 State Conclusions and Acknowledge Study Limitations:

1. Clearly state the conclusions of the study and identify the implications of the results.
2. Acknowledge the weaknesses of the study and how future research can be improved.
3. Estimate where possible, and at least acknowledge direct and implicit costs associated with the event (cost of running the event, cleanup costs, traffic congestion, etc.).

NOTE

A discussion of relevant economic and social benefits and costs is also included in the complete Impact Guide (Step 3). There is also a summary of common errors in economic impact analysis. As above, this material can be accessed by proceeding to the optional third step by clicking the link below.