Open AccessEconomic impact of the world summit on sustainable development
Author(s) -
J.H. Martins,
Carel Van Aardt
Publication year - 2004
Publication title -
suid-afrikaanse tydskrif vir ekonomiese en bestuurswetenskappe/south african journal of economic and management sciences
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.277
H-Index - 17
eISSN - 2222-3436
pISSN - 1015-8812
DOI - 10.4102/sajems.v7i3.1360
Subject(s) - summit , government (linguistics) , sustainable development , private sector , economic impact analysis , economics , economic growth , political science , business , geography , philosophy , linguistics , physical geography , law , microeconomics
South Africa hosted the World Summit on Sustainable Development (WSSD) in 2002. This event is regarded as the single biggest conference to be held anywhere in the world. The aim of this paper is to set out the estimated economic impact of the WSSD and its parallel events on South Africa. This impact can be expressed in monetary terms as well as employment figures. The impact is calculated by using an input-output model and employment spin-offs determined from the IO table by using partial multipliers. The input data were derived from a survey amongst WSSD delegates as well as information on government and private investments made