Economic Base Multipliers: A Comparison of ACDS and IMPLAN
AbstractLocal and regional practitioners commonly use the economic (export) base multiplier in project assessments. However, dependable estimates of the regional multiplier require that the division of total activity into its export (basic) and local (nonbasic) components be accurate across all industries – especially in the dominant ones. This paper compares the activity divisions that are generated by a shortcut approach, calibrated by the Arizona Community Data Set, with those generated by the widely used IMPLAN input-output model. the comparison is made over 577 micropolitan U.S. countries (all are nonmetropolitan) in the year 2000. Although the two approaches are methodologically dissimilar they generate comparable estimates of economic base multipliers. Moreover, other important regional attributes, like human capital and specialization, affect the alternative multiplier estimates in a similar way.
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Bibliographic InfoPaper provided by Regional Research Institute, West Virginia University in its series Working Papers with number 201202.
Length: 14 pages
Date of creation: Feb 2012
Date of revision:
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economic base multiplier; ACDS; IMPLAN; micropolitan; regional features;
Find related papers by JEL classification:
- R11 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes
- R12 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Size and Spatial Distributions of Regional Economic Activity; Interregional Trade (economic geography)
- R15 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Econometric and Input-Output Models; Other Methods
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