International Journal of Business, Economics and Management

Published by: Conscientia Beam
Online ISSN: 2312-0916
Print ISSN: 2312-5772
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No. 5

Scenario Economic Impact Analysis of Offshore Fishing Tournaments in Ocean City

Pages: 128-134
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Scenario Economic Impact Analysis of Offshore Fishing Tournaments in Ocean City

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DOI: 10.18488/journal.62.2018.55.128.134

Yeong Nain Chi

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Yeong Nain Chi (2018). Scenario Economic Impact Analysis of Offshore Fishing Tournaments in Ocean City. International Journal of Business, Economics and Management, 5(5): 128-134. DOI: 10.18488/journal.62.2018.55.128.134
This study used scenario analysis to estimate the economic impact of the expenditures of anglers who participated in offshore fishing tournaments in Ocean City, Maryland. The primary purposes of this study were to evaluate impacts on the adjacent areas, to identify potential uses for economic impact information, and to provide justification for investment and support of programs related to the needs of coastal communities and issues related to marine recreational fisheries management. To accomplish this study, the IMPLAN modeling system was employed to calculate the economic impact of offshore fishing tournaments on local and regional economies. Preliminary results using scenario analysis suggested the total economic impact of offshore fishing tournaments in Ocean City could be nearly $2.2 million for Wicomico and Worchester counties. To get this estimate, three different scenarios were considered based on potential expenditure estimate of what each tournament party would spend on lodging, fuel, food, fishing and miscellaneous costs. Using IMPLAN, impact metric categories could be generated including general labor income, job opportunities - employment, and value added. This paper provides the extent to which fishery managers, municipalities, business and private sector stakeholders could benefit from local marine recreational fishing tournaments, and potentially justify investment in infrastructure which supports marine recreational fishing.
Contribution/ Originality
This study uses scenario economic impact analysis to estimate the economic impact of offshore fishing tournaments in Ocean City, Maryland. It provides the extent to fishery managers, municipalities, business and private sector stakeholders could benefit from local marine recreational fishing tournaments, and potentially justify investment in infrastructure which supports marine recreational fishing.

The Role of Social Entrepreneurship in Pakistan and its Impact on Economy

Pages: 117-127
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The Role of Social Entrepreneurship in Pakistan and its Impact on Economy

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DOI: 10.18488/journal.62.2018.55.117.127

Mubeen Asif , Faisal Asghar , Amna Younis , Amir Mahmood , Li Zheng Wang

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Mubeen Asif , Faisal Asghar , Amna Younis , Amir Mahmood , Li Zheng Wang (2018). The Role of Social Entrepreneurship in Pakistan and its Impact on Economy. International Journal of Business, Economics and Management, 5(5): 117-127. DOI: 10.18488/journal.62.2018.55.117.127
Social entrepreneurship is the fastest growing field in the world. Social entrepreneurship is a fundamental kind of enterprise that helps to boost the society along with the economy of any nation. Social entrepreneurship is gaining attention in Pakistan as well; however, the development is still moderate. It has gotten a progressive modification in Pakistan up to some extent, in term of innovation in the market, enhancing the social investment or trade, creating job opportunities and alleviation of poverty. Social entrepreneurship is crucial to open the growth and economic inclusion, for rising economies such as Pakistan. Economy and social models of Pakistan demands to revamp it. Therefore, the aim of this study is to investigate that what are the essential confronts and difficulties faced by social entrepreneurship in the limits of Pakistan and how social entrepreneurship could add in building up the economy of Pakistan?. Social business enterprise is a part of the social economy whereas social economy is a part of economic realism.
Contribution/ Originality
This study is one of very few studies which have investigated the role of social entrepreneurship and its impact on economy in the context of Pakistan.