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This study also aims to offer a more complete view of the many necessary measures to achieve global and coherent actions from donor countries. However, it must be pointed out that just as the choice of measures contained in the MDGs can be arbitrary, so can the selection of variables and economic policies included in this document. Indeed, not only are we putting to one side some important dimensions of the donors’ foreign action (security and defence policy and foreign cultural action), but also, as we are only dealing with the economic dimension, we have omitted other important aspects. | Technical Report LAX Master Plan EIS EIR 5. Economic Impacts of Los Angeles International Airport and the LAX Master Plan Alternatives on the Los Angeles Regional Economy January 2001 Prepared for Los Angeles World Airports Prepared by Hamilton Rabinovitz Alschuler Inc. Table of Contents 1. Executive Summary.1 2. Purpose and Scope of the Analysis.5 2.1 Introduction.5 2.2 Overview of Los Angeles International Airport. 5 2.2.1 The Southern California Regional Airport System . 5 2.2.2 Current Operating Characteristics of LAX.7 2.2.3 Forecast of Future LAX Operations.11 2.3 The LAX Master Plan Process.13 2.4 Purpose of the Analysis.15 2.5 Organization of the Report.15 3. Methodology for Assessing Economic Impacts.16 3.1 Traditional Airport Economic Impact Methodology.16 3.2 Limitations of the Traditional Methodology.18 3.2.1 Dynamic vs. Static Analysis.18 3.2.2 Accounting For The Network Economics of Airports.19 3.2.3 Accounting For Productivity Changes Over Time.21 3.2.4 A Redefinition of Direct Impacts.22 3.3 The REMI Models of the Southern California Economy.25 3.3.1 Overview of The Remi Forecasting Model.25 3.3.2 REMI Model Validation.31 3.4 Derivation of the Passenger and Cargo Activity Economic Impact Factors.36 3.4.1 Estimating Historic Activity Levels At The Region s Airports.36 3.4.2 Estimating the Relationship Between Passenger and Cargo Activity At LAX And Regional Economic Output.39 3.4.3 Passenger Activity and Direct Impacts Of Passenger Spending.43 4. Overview of LAX s Role in the Los Angeles Regional Economy.45 4.1 The Structure of the Regional Economy.45 4.1.1 General Structure of the Regional Economy.46 4.1.2 The State and National Outlook to 2015.50 4.1.3 The Regional Employment Forecast to 2015.53 4.2 Dependence on LAX By Industries Critical to the Future Regional Economy.55 4.2.1 Motion Picture and MultiMedia Production.56 4.2.2 The Electronics Manufacturing Industry.60 4.3 Examples of Economic Sectors Dependent on LAX.62 4.3.1 Selection of Sectors
