Spillover (Noun)
Meaning
(economics) any indirect effect of public expenditure.
Classification
Nouns denoting natural phenomena.
Examples
- The spillover from the new highway project increased economic activity in nearby towns, creating new jobs and opportunities.
- A study found a significant spillover effect from government investment in education, leading to higher earnings and productivity in the workforce.
- The development of the industrial park generated a positive spillover, attracting new businesses and talent to the surrounding area.
- Researchers identified a spillover effect from federal funding for scientific research, yielding innovative technologies and products that benefited other industries.
- The spillover from the stadium renovation boosted local tourism, with visitors drawn to the area's revitalized entertainment and dining scene.