The Economic Multiplier Models (EMM) used to measure the potential economic impacts of port green fuel

Abstract

An economic multiplier model (EMM) is a mathematical model used to measure the potential economic effects of various investments or policy changes. EMMs are most commonly used to measure the economic impact of changes in the use of green fuels, such as biodiesel, on port profitability. This model is based on the concept of the multiplier effect, which states that a given amount of money spent in a given area will generate a larger amount of economic activity than the initial investment. EMM takes into account the interaction between initial investment, changes in consumer spending, taxes, and other forms of economic activity.