The economic effects emanating from individual companies can reach immense dimensions. Their economic activity is therefore of local and regional, often also national or even global relevance. In a similar way, this applies to major cultural or sporting events and even more so to entire branches of the economy.
The economic Footprint shows the totality of the economically relevant effects of economic activity. Economica, as the leading institute in Europe in economic impact analysis, maintains a sophisticated portfolio of so-called “satellite accounts” for this purpose, based on state-of-the-art research. Topic-specific satellite accounts promptly map cross-sectional issues such as the digital economy, the cultural industry, the security industry or the sports industry (together with SportsEconAustria). Company-specific satellite accounts currently allow around 25 corporate groups to carry out both static and dynamic impact analyses, taking into account their unique selling points.
The use of satellite accounts allows both value added and purchasing power effects as well as employment effects to be accurately reported. The associated fiscal benefits are also determined by stored tax and duty matrices. In addition, satellite accounts serve as a powerful tool for simulating the effects of strategic decisions, such as the establishment of headquarters activities, the establishment of research centres, expansion investments or the staging of major events.
Our method portfolio
- Industry-specific supply and use tables
- Multiregional Input-/Output-models for Germany, Austria and Switzerland
- Multiregional Input-/Output-models for the European Union as an entitity of 27 member states (Post-Brexit)
- Theme-specific satellite accounts
- Company-specific satellite accounts
- Total Economic Value chart of accounts
Dr. Christian Helmenstein
Tel.: +43 676 3200 401