Economic Impacts of Highway Beautification in Florida: FE963, 12/2014

Hayk Khachatryan; Alan W. Hodges; Mohammad Rahmani; Thomas J. Stevens

doi:10.32473/edis-fe963-2014

Vol. 2015 No. 2, Historical Fact Sheets

Vol. 2015 No. 2

Economic Impacts of Highway Beautification in Florida: FE963, 12/2014

Historical Fact Sheets

https://doi.org/10.32473/edis-fe963-2014

Published 2015-03-13

Hayk Khachatryan⁺⁻
Alan W. Hodges⁺⁻
Mohammad Rahmani⁺⁻
Thomas J. Stevens⁺⁻

Hayk Khachatryan

University of Florida

https://orcid.org/0000-0002-3103-5236

Alan W. Hodges

University of Florida

Mohammad Rahmani

University of Florida

Thomas J. Stevens

University of Florida

Industry output and value-added impacts of highway beautification expenditures by FDOT districts, FY 2008–2013

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PDF-2014

Keywords

Roadside Landscaping
FE963

How to Cite

Khachatryan, Hayk, Alan W. Hodges, Mohammad Rahmani, and Thomas J. Stevens. 2015. “Economic Impacts of Highway Beautification in Florida: FE963, 12 2014”. EDIS 2015 (2). Gainesville, FL:7. https://doi.org/10.32473/edis-fe963-2014.

Abstract

The Florida Department of Transportation is allocated money every year for highway landscaping projects. They make driving more pleasant and are better for the environment, but do they attract private investment and contribute to the economy? This study, commissioned by the FDOT, finds that the average annual economic impacts of highway beautification expenditures in Florida during 2008–2013 amounted to $46 million in output impacts and $28 million in value-added impacts. This 7-page fact sheet was written by Hayk Khachatryan, Alan W. Hodges, Mohammad Rahmani, and Thomas J. Stevens, and published by the UF Department of Food and Resource Economics, December 2014.
http://edis.ifas.ufl.edu/fe963

https://doi.org/10.32473/edis-fe963-2014

view on EDIS

PDF-2014

References

FDOT. 2014. Florida Department of Transportation, Landscape Report, Fiscal Year 2008 to May 2013. Florida Department of Transportation, Tallahassee, FL.

IMPLAN Group, Inc. 2012. IMPLAN social accounting and impact analysis software (version 3), and 2011 regional data file for Florida. IMPLAN, Huntersville, NC. Web resources available at www.implan.com.

Miernyk, W.H. 1965. The elements of input-output analysis. Available on the web book of regional science: http://www.rri.wvu.edu/WebBook/Miernykweb/new/index.htm.

Miller, R.E. and P.D. Blair. 2009. Input-Output Analysis: Foundations and Extensions, Second Edition. Cambridge: Cambridge University Press. https://doi.org/10.1017/CBO9780511626982

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Economic Impacts of Highway Beautification in Florida: FE963, 12/2014

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