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Determining the Regional Economic Values of Ethanol Production in Iowa Considering Different Levels of Local Investment

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Author Info
Swenson, David A.
Eathington, Liesl
Abstract

This study develops a baseline economic impact model for a 50MGY ethanol plant considering all new production inputs and estimated net new output in the new economy. The baseline scenario presupposes no local ownership in the plant. The research next allocates payments to investors back into the study economy to simulate different levels of "local" investment and, concomitantly, local receipt of profits. For each 25 percent increase in local ownership, the model added 29 more jobs to the local economy.

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Publisher Info
Paper provided by Iowa State University, Department of Economics in its series Staff General Research Papers with number 12687.

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Date of creation: 09 Oct 2006
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Handle: RePEc:isu:genres:12687

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Postal: Iowa State University, Dept. of Economics, 260 Heady Hall, Ames, IA 50011-1070
Phone: +1 515.294.6741
Fax: +1 515.294.0221
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Web page: http://www.econ.iastate.edu
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A1 - General Economics and Teaching - - General Economics
B4 - Schools of Economic Thought and Methodology - - Economic Methodology

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