Craft Beer as a Means of Economic Development: An Economic Impact Analysis of the Michigan Value Chain

Autor: Steven R. Miller, J. Robert Sirrine, Ashley McFarland, Philip H. Howard, Trey Malone
Jazyk: angličtina
Rok vydání: 2019
Předmět:
Zdroj: Beverages, Vol 5, Iss 2, p 35 (2019)
Druh dokumentu: article
ISSN: 2306-5710
DOI: 10.3390/beverages5020035
Popis: While many studies have suggested the beer value chain might be a vehicle for economic growth, few have estimated the economic impacts of craft beer to a geographic region. As such, this study uses modified input/output analysis to identify the economic contributions of instate beer production to the Michigan economy. We find that the beer value chain generated nearly $500 million in Gross State Product in 2016, contributing nearly $1 billion as well as 9738 jobs in total aggregate economic contributions. The results suggest that state governments might generate economic growth by creating a business climate that is conducive to the growth of the instate beer value chain.
Databáze: Directory of Open Access Journals