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Impact of Industry
Industries impact on local economies to generates jobs and incomes. They can accelerate regional economies by stimulating innovation and investment. They shift the pattern of prosperity within nations and across the world. cogentsi specialises in detailing and measuring all these impacts, and helps to devise business strategies and public policies to enhance them.
The chart shows employment in the supply chain for the North Sea oil and gas industry. cogentsi estimates of North Sea employment, first prepared for UKOOA, the United Kingdom Offshore Operators Association in 1997, are now published every year by the UK Department of Trade and Industry.
Recent work on microeconomic impact ranges from leisure canoeing in the UK to telecommunications in Sweden and Canada. But big industries have macroeconomic impacts too, so in our quarterly energy review, QOTA, we address the influence of oil on international interest rates, and in growth accounting studies we have looked at the role of information technologies in boosting national economic growth.
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