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Implan Understates Agricultural Input-Output Multipliers: An Application To Potential Agricultural/Green Industry Drought Impacts In Colorado

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  • McKean, John R.
  • Spencer, William P.
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    Abstract

    Synthesized input-output models are widely used by industry and government economists. The IMPLAN program is popular because it provides user access to the base data so that modifications can be made. The Washington survey-based model and IMPLAN for Washington State are compared, and differences in multipliers are traced to differences in final payments leakages. An adjustment technique for IMPLAN is demonstrated. An application is made to a Colorado potential drought impact analysis. More than 51,000 part- and full-time jobs and $1.6 billion of household income are at stake in the Colorado farm and "green industry" sectors.

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    File URL: http://purl.umn.edu/14669
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    Bibliographic Info

    Article provided by Agricultural Economics Association of Georgia in its journal Journal of Agribusiness.

    Volume (Year): 21 (2003)
    Issue (Month): 2 ()
    Pages:

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    Handle: RePEc:ags:jloagb:14669

    Contact details of provider:
    Postal: 301 Conner Hall, University of Georgia, Athens, GA 30602-7509
    Web page: http://www.agecon.uga.edu/~jab/
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    Related research

    Keywords: drought; economic impact; green industry; IMPLAN; input-output; irrigated agriculture; Community/Rural/Urban Development;

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