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Umwegrentabilität

English translation: multiplier effect

14:11 Nov 30, 2012
German to English translations [PRO]
Bus/Financial - Tourism & Travel / Kultur
German term or phrase: Umwegrentabilität
I've come up against "Umwegrentabilität" in connection with the Festspielhaus in Bregenz:

Die Bregenzer Festspiele produzieren nicht nur Kunst auf höchstem Niveau, sie funktionieren auch als Wirtschaftsmotor ... Vor allem die regionale Tourismuswirtschaft und heimische Wirtschaftsbetriebe profitieren erheblich von dem Kulturunternehmen. Dies geht aus einer aktuellen Studie zur *Umwegrentabilität* hervor.

According to Duden, Umwegrentabilität means "mit einem Projekt verbundene indirekte Einnahmen." The translation most online dictionaries seem to prefer is "detour profitability", but that sounds too much like a direct translation to me. I've also seen "positive knock-on effects" which looks better. Does anyone know what it is really called in English?
CGK
Local time: 16:26
English translation:multiplier effect
Explanation:
http://dictionary.reference.com/browse/multiplier effect
An effect in economics in which an increase in spending produces an increase in national income and consumption greater than the initial amount spent. For example, if a corporation builds a factory, it will employ construction workers and their suppliers as well as those who work in the factory. Indirectly, the new factory will stimulate employment in laundries, restaurants, and service industries in the factory's vicinity.
Selected response from:

Lancashireman
United Kingdom
Local time: 15:26
Grading comment
That's what I was looking for, thank you!
4 KudoZ points were awarded for this answer



Summary of answers provided
3 +4multiplier effect
Lancashireman
4 +2indirect profitability
Phoebe Indetzki
3 +1indirect economic impact
Melanie Meyer
3positive economic spillover effect
Michael Martin, MA


Discussion entries: 1





  

Answers


20 mins   confidence: Answerer confidence 4/5Answerer confidence 4/5 peer agreement (net): +2
indirect profitability


Explanation:
This term already seems to have been translated for this study:

http://www.google.de/url?sa=t&rct=j&q=&esrc=s&source=web&cd=...

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Note added at 23 Min. (2012-11-30 14:35:08 GMT)
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and here's another example of more or less the same thing:

http://www.messefrankfurt.com/frankfurt/en/media/das_unterne...




Phoebe Indetzki
Local time: 16:26
Specializes in field
Native speaker of: English
PRO pts in category: 8

Peer comments on this answer (and responses from the answerer)
agree  BrigitteHilgner
18 mins
agree  philgoddard
3 hrs
Login to enter a peer comment (or grade)

25 mins   confidence: Answerer confidence 3/5Answerer confidence 3/5 peer agreement (net): +4
multiplier effect


Explanation:
http://dictionary.reference.com/browse/multiplier effect
An effect in economics in which an increase in spending produces an increase in national income and consumption greater than the initial amount spent. For example, if a corporation builds a factory, it will employ construction workers and their suppliers as well as those who work in the factory. Indirectly, the new factory will stimulate employment in laundries, restaurants, and service industries in the factory's vicinity.

Lancashireman
United Kingdom
Local time: 15:26
Specializes in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 134
Grading comment
That's what I was looking for, thank you!

Peer comments on this answer (and responses from the answerer)
agree  dkfmmuc
1 hr
agree  Kevin Fulton: Certainly the term used in an economic analysis
2 hrs
agree  philgoddard
3 hrs
agree  David Wright: seems to be an excellent suggestion!
7 hrs
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18 mins   confidence: Answerer confidence 3/5Answerer confidence 3/5 peer agreement (net): +1
indirect economic impact


Explanation:
a suggestion...



--------------------------------------------------
Note added at 26 mins (2012-11-30 14:38:13 GMT)
--------------------------------------------------

http://www.elpasotexas.gov/mcad/_documents/ArtsEco.pdf


    Reference: http://www.creativemalta.gov.mt/economics/the-impact-of-arts...
Melanie Meyer
United States
Local time: 10:26
Works in field
Native speaker of: Native in GermanGerman
PRO pts in category: 4

Peer comments on this answer (and responses from the answerer)
agree  philgoddard
3 hrs
Login to enter a peer comment (or grade)

3 hrs   confidence: Answerer confidence 3/5Answerer confidence 3/5
positive economic spillover effect


Explanation:
"This much has emerged from a current study examining positive economic spillover effects."

Michael Martin, MA
United States
Local time: 10:26
Specializes in field
Native speaker of: Native in GermanGerman, Native in EnglishEnglish
PRO pts in category: 46
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