I've been tasked with calculating the economic impact of public (discretionary) spending on Small or Women- or Minority-owned businesses (SWaM).
We have data on spending aggregated by NAICS code for both SWaM and non-SWaM businesses, and we have already eliminated any leakage represented by businesses located outside our study area.
We have also administered a survey to SWaM businesses to understand their business model, in terms of suppliers, subcontractors and employees. Our work hypothesis is that they tend to employ and do business locally.
Now, my question:
besides comparing the overall impact of public spending when contracting SWaM vs non-SWaM businesses, could I check my survey results against the RPC of my study area, and if they are different update the RPC for SWaM businesses, then calculate the economic impact of spending in both SWaM (with new RPC) and non-SWaM (default RPC) and make the analysis a little more meaningful?
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