Craft Beer as a Means of Economic Development: An Economic Impact Analysis of the Michigan Value Chain
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 th...
| Main Authors: | , , , , |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
MDPI AG
2019-05-01
|
| Series: | Beverages |
| Subjects: | |
| Online Access: | https://www.mdpi.com/2306-5710/5/2/35 |
| _version_ | 1811322998764863488 |
|---|---|
| author | Steven R. Miller J. Robert Sirrine Ashley McFarland Philip H. Howard Trey Malone |
| author_facet | Steven R. Miller J. Robert Sirrine Ashley McFarland Philip H. Howard Trey Malone |
| author_sort | Steven R. Miller |
| collection | DOAJ |
| description | 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. |
| first_indexed | 2024-04-13T13:46:11Z |
| format | Article |
| id | doaj.art-e5f33de3152e4eb898a9b68c90d91426 |
| institution | Directory Open Access Journal |
| issn | 2306-5710 |
| language | English |
| last_indexed | 2024-04-13T13:46:11Z |
| publishDate | 2019-05-01 |
| publisher | MDPI AG |
| record_format | Article |
| series | Beverages |
| spelling | doaj.art-e5f33de3152e4eb898a9b68c90d914262022-12-22T02:44:28ZengMDPI AGBeverages2306-57102019-05-01523510.3390/beverages5020035beverages5020035Craft Beer as a Means of Economic Development: An Economic Impact Analysis of the Michigan Value ChainSteven R. Miller0J. Robert Sirrine1Ashley McFarland2Philip H. Howard3Trey Malone4Department of Agricultural, Food and Resource Economics, Michigan State University, East Lansing, MI 48824, USACommunity, Food & Environment Institute, Michigan State University Extension, East Lansing, MI 48824, USABusiness and Industry Liaison, Minnesota Sea Grant, Duluth, MN 55812, USADepartment of Community Sustainability, Michigan State University, East Lansing, MI 48824, USADepartment of Agricultural, Food and Resource Economics, Michigan State University, East Lansing, MI 48824, USAWhile 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.https://www.mdpi.com/2306-5710/5/2/35craft beerlocal value chaineconomic contribution analysis |
| spellingShingle | Steven R. Miller J. Robert Sirrine Ashley McFarland Philip H. Howard Trey Malone Craft Beer as a Means of Economic Development: An Economic Impact Analysis of the Michigan Value Chain Beverages craft beer local value chain economic contribution analysis |
| title | Craft Beer as a Means of Economic Development: An Economic Impact Analysis of the Michigan Value Chain |
| title_full | Craft Beer as a Means of Economic Development: An Economic Impact Analysis of the Michigan Value Chain |
| title_fullStr | Craft Beer as a Means of Economic Development: An Economic Impact Analysis of the Michigan Value Chain |
| title_full_unstemmed | Craft Beer as a Means of Economic Development: An Economic Impact Analysis of the Michigan Value Chain |
| title_short | Craft Beer as a Means of Economic Development: An Economic Impact Analysis of the Michigan Value Chain |
| title_sort | craft beer as a means of economic development an economic impact analysis of the michigan value chain |
| topic | craft beer local value chain economic contribution analysis |
| url | https://www.mdpi.com/2306-5710/5/2/35 |
| work_keys_str_mv | AT stevenrmiller craftbeerasameansofeconomicdevelopmentaneconomicimpactanalysisofthemichiganvaluechain AT jrobertsirrine craftbeerasameansofeconomicdevelopmentaneconomicimpactanalysisofthemichiganvaluechain AT ashleymcfarland craftbeerasameansofeconomicdevelopmentaneconomicimpactanalysisofthemichiganvaluechain AT philiphhoward craftbeerasameansofeconomicdevelopmentaneconomicimpactanalysisofthemichiganvaluechain AT treymalone craftbeerasameansofeconomicdevelopmentaneconomicimpactanalysisofthemichiganvaluechain |