Economic impact of the wineries in Kings County
LE3 .A278 2015
Bachelor of Arts
This paper quantifies the economic impact of wineries in Kings County, Nova Scotia. A Kings County input-‐output model is used to evaluate the economic impact in 2014, finding total impacts of $11,977,622. The impact factors of demand for wine have on wine consumption is calculated. These impacts, and forecasted values of the factors of demand are used to estimate wine consumption in Nova Scotia in 2025. Based on this forecast, the production of wineries in Kings County in 2025 is estimated. Winery revenues are scaled proportionally with output and the Kings County input-‐output model forecast total impacts in 2025 to be $17,442,048, a 46% increase from 2014.
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