|Sector:||Aerospace | Downstream Terrestrial Applications|
|Client:||Ministry of Trade and Industry (Norway)|
|Published:||5 July, 2012|
|Tagged:||cost-benefit analysis ex-post evaluation impact assessment modelling qualitative analysis quantitative analysis stakeholder surveys and consultations EC/EEA|
An independent socio-economic impact assessment of Norway’s participation in the European Space Agency (ESA) and National Support Funds. Cost-Benefit Analysis (CBA) was employed based on EC impact assessment guidelines, established economic principles and international best practice (e.g. UK government HM Treasury’s Green Book). Quantified additive benefits comprise wages/salaries (income tax, value added tax, retailer sales revenues) and profits (corporation tax, retained earnings) of direct effects (sales, employment and multiplier effects of ESA contract and NSF funding) and indirect effects (increased sales to the space and non-space sectors facilitated by funding, productivity spillovers and efficiency gains). Data was obtained from the Norwegian Space Centre, with additional data collected through workshops and survey of Norwegian space firms and policymakers.