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

Author

Listed:
  • McKean, John R.
  • Spencer, William P.

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.

Suggested Citation

  • McKean, John R. & Spencer, William P., 2003. "Implan Understates Agricultural Input-Output Multipliers: An Application To Potential Agricultural/Green Industry Drought Impacts In Colorado," Journal of Agribusiness, Agricultural Economics Association of Georgia, vol. 21(2).
  • Handle: RePEc:ags:jloagb:14669
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    References listed on IDEAS

    as
    1. Jeffery I. Round, 1983. "Nonsurvey Techniques: A Critical Review of the Theory and the Evidence," International Regional Science Review, , vol. 8(3), pages 189-212, December.
    2. Radtke, Hans & Detering, Stan & Brokken, Ray F., 1985. "A Comparison Of Economic Impact Estimates For Changes In The Federal Grazing Fee: Secondary Vs. Primary Data I/O Models," Western Journal of Agricultural Economics, Western Agricultural Economics Association, vol. 10(02), December.
    3. R. Keith Schwer & Dan S. Rickman, 1995. "A comparison of the multipliers of IMPLAN, REMI, and RIMS II: Benchmarking ready-made models for comparison," The Annals of Regional Science, Springer;Western Regional Science Association, vol. 29(4), pages 363-374.
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