IDEAS home Printed from https://ideas.repec.org/a/bla/rgscpp/v5y2013i3p289-303.html
   My bibliography  Save this article

Economic base multipliers: a comparison of ACDS and IMPLAN

Author

Listed:
  • Gordon Mulligan
  • Randall Jackson
  • Amanda Krugh

Abstract

Many local and regional practitioners still use the single multiplier version of economic (export) base analysis in project assessments. However, dependable estimates of this multiplier require that the division of total activity into its export (basic) and local (non-basic) components be reasonably accurate across all industries. This paper compares the economic base multiplier that is generated by a shortcut approach, one calibrated by the Arizona Community Data Set (ACDS), with that generated by the popular IMPLAN input-output model. The comparison is made across 577 micropolitan (all non-metropolitan) US counties in the year 2000. Although the two approaches are not at all similar they generate comparable economic base multipliers. Moreover, various regional attributes, like human capital and specialization, affect the two multiplier estimates in much the same way.
(This abstract was borrowed from another version of this item.)

Suggested Citation

  • Gordon Mulligan & Randall Jackson & Amanda Krugh, 2013. "Economic base multipliers: a comparison of ACDS and IMPLAN," Regional Science Policy & Practice, Wiley Blackwell, vol. 5(3), pages 289-303, August.
  • Handle: RePEc:bla:rgscpp:v:5:y:2013:i:3:p:289-303
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1111/rsp3.12010
    Download Restriction: Access to full text is restricted to subscribers.
    ---><---

    As the access to this document is restricted, you may want to look for a different version below or search for a different version of it.

    Other versions of this item:

    References listed on IDEAS

    as
    1. Mark D. Partridge & Dan S. Rickman & Kamar Ali & M. Rose Olfert, 2008. "Lost in space: population growth in the American hinterlands and small cities," Journal of Economic Geography, Oxford University Press, vol. 8(6), pages 727-757, November.
    2. repec:rri:bkchap:04 is not listed on IDEAS
    3. McGranahan, David A., 1999. "Natural Amenities Drive Rural Population Change," Agricultural Economic Reports 33955, United States Department of Agriculture, Economic Research Service.
    4. Gordon F. Mulligan, 2008. "A New Shortcut Method for Estimating Economic Base Multipliers," Regional Science Policy & Practice, Wiley Blackwell, vol. 1(1), pages 67-84, November.
    5. Davidsson, Michael & Rickman, Dan S., 2011. "U.S. Micropolitan Area Growth: A Spatial Equilibrium Growth Analysis," The Review of Regional Studies, Southern Regional Science Association, vol. 41(2,3), pages 179-203, Fall, Win.
    6. 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.
    7. Gordon Mulligan & Alexander Vias, 2006. "Growth and change in U.S. micropolitan areas," The Annals of Regional Science, Springer;Western Regional Science Association, vol. 40(2), pages 203-228, June.
    8. Oates, Wallace E, 1969. "The Effects of Property Taxes and Local Public Spending on Property Values: An Empirical Study of Tax Capitalization and the Tiebout Hypothesis," Journal of Political Economy, University of Chicago Press, vol. 77(6), pages 957-971, Nov./Dec..
    9. Michael L. Lahr & Benjamin H. Stevens, 2002. "A Study of the Role of Regionalization in the Generation of Aggregation Error in Regional Input –Output Models," Journal of Regional Science, Wiley Blackwell, vol. 42(3), pages 477-507, August.
    10. David Mushinski & Stephen Weiler, 2002. "A Note on the Geographic Interdependencies of Retail Market Areas," Journal of Regional Science, Wiley Blackwell, vol. 42(1), pages 75-86, February.
    11. D S Rickman & R K Schwer, 1995. "Multiplier Comparisons of the IMPLAN and REMI Models across Versions: Illuminating Black Boxes," Environment and Planning A, , vol. 27(1), pages 143-151, January.
    12. Gordon F Mulligan & Alex C Vias, 2011. "Place-Specific Economic Base Multipliers," Environment and Planning B, , vol. 38(6), pages 995-1011, December.
    13. Maureen Kilkenny & Mark D. Partridge, 2009. "Export Sectors and Rural Development," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 91(4), pages 910-929.
    14. Dan S. Rickman & R. Keith Schwer, 1993. "A Systematic Comparison Of The REMI and IMPLAN Models: The Case Of Southern Nevada," The Review of Regional Studies, Southern Regional Science Association, vol. 23(2), pages 143-162, Fall.
    15. William H. Miernyk, 1965. "The Elements of Input-Output Analysis," Wholbk, Regional Research Institute, West Virginia University, number 04, November-.
    16. Michael Storper & Allen J. Scott, 2009. "Rethinking human capital, creativity and urban growth," Journal of Economic Geography, Oxford University Press, vol. 9(2), pages 147-167, March.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Oriane Lafuente-Sampietro, 2021. "The multiplier effect of convertible local currencies : case study on two French schemes," Working Papers halshs-03324625, HAL.
    2. Gkouzos, Andreas, 2022. "The efficiency of basic economic branches in Greek regions: Evidence from Data Envelopment Analysis," MPRA Paper 112310, University Library of Munich, Germany.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Shiqin Liu & Haifeng Qian & Kingsley E. Haynes, 2021. "Entrepreneurship in Small Cities: Evidence From U.S. Micropolitan Areas," Economic Development Quarterly, , vol. 35(1), pages 3-21, February.
    2. Wei-Bin Zhang, 2017. "Spatial Agglomeration And Economic Development With The Inclusion Of Interregional Tourism," Economic Annals, Faculty of Economics and Business, University of Belgrade, vol. 62(213), pages 93-128, April - J.
    3. Elena G. Irwin & Andrew M. Isserman & Maureen Kilkenny & Mark D. Partridge, 2010. "A Century of Research on Rural Development and Regional Issues," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 92(2), pages 522-553.
    4. Lawrence, Michael F. & Wei, Dan & Rose, Adam & Williamson, Scott & Cartwright-Smith, Devon, 2017. "Macroeconomic impacts of proposed climate change mitigation strategies for transportation in Southern California," Research in Transportation Economics, Elsevier, vol. 61(C), pages 56-69.
    5. Adam Rose & Dan Wei & Noah Dormady, 2011. "Regional macroeconomic assessment of the Pennsylvania Climate Action Plan," Regional Science Policy & Practice, Wiley Blackwell, vol. 3(4), pages 357-379, November.
    6. Brown, Jason P. & Weber, Jeremy G. & Wojan, Timothy R., 2013. "Emerging Energy Industries and Rural Growth," Economic Research Report 262215, United States Department of Agriculture, Economic Research Service.
    7. Andrés Rodríguez-Pose & Tobias D. Ketterer, 2012. "Do Local Amenities Affect The Appeal Of Regions In Europe For Migrants?," Journal of Regional Science, Wiley Blackwell, vol. 52(4), pages 535-561, October.
    8. Davidsson, Michael & Cortes, Bienvenido, 2017. "The Role of the Housing Supply and the Regulatory Environment in Economic Growth of Micropolitan Statistical Areas," Journal of Regional Analysis and Policy, Mid-Continent Regional Science Association, vol. 47(1).
    9. Timothy W. Kelsey & Mark D. Partridge & Nancy E. White, 2016. "Unconventional Gas and Oil Development in the United States: Economic Experience and Policy Issues," Applied Economic Perspectives and Policy, Agricultural and Applied Economics Association, vol. 38(2), pages 191-214.
    10. Partridge, Mark D. & Olfert, M. Rose & Ali, Kamar, 2009. "Towards a Rural Development Policy: Lessons from the United States and Canada," Journal of Regional Analysis and Policy, Mid-Continent Regional Science Association, vol. 39(2), pages 1-17.
    11. Zachary T. Keeler & Heather M. Stephens, 2023. "What matters for lagging regions? The role of self‐employment and industrial diversity in distressed areas," Growth and Change, Wiley Blackwell, vol. 54(4), pages 962-1001, December.
    12. Brown, Jason P. & Pender, John & Wiser, Ryan & Lantz, Eric & Hoen, Ben, 2012. "Ex post analysis of economic impacts from wind power development in U.S. counties," Energy Economics, Elsevier, vol. 34(6), pages 1743-1754.
    13. Munasib, Abdul & Rickman, Dan S., 2015. "Regional economic impacts of the shale gas and tight oil boom: A synthetic control analysis," Regional Science and Urban Economics, Elsevier, vol. 50(C), pages 1-17.
    14. Mark D., Partridge & Dan S., Rickman & M. Rose, Olfert & Kamar, Ali, 2010. "Dwindling U.S. Internal Migration: Evidence of Spatial Equilibrium?," MPRA Paper 28157, University Library of Munich, Germany.
    15. Mark D. Partridge & Dan S. Rickman & M. Rose Olfert & Ying Tan, 2017. "International trade and local labor markets: Do foreign and domestic shocks affect regions differently?," Journal of Economic Geography, Oxford University Press, vol. 17(2), pages 375-409.
    16. Mark D. Partridge, 2010. "The duelling models: NEG vs amenity migration in explaining US engines of growth," Papers in Regional Science, Wiley Blackwell, vol. 89(3), pages 513-536, August.
    17. Nina Hyytiä & Jukka Kola, 2013. "Tourism Policy as a Tool for Rural Development," Applied Economic Perspectives and Policy, Agricultural and Applied Economics Association, vol. 35(4), pages 708-730.
    18. Alessandra Faggian & M. Rose Olfert & Mark D. Partridge, 2011. "Inferring regional well-being from individual revealed preferences: the 'voting with your feet' approach," Cambridge Journal of Regions, Economy and Society, Cambridge Political Economy Society, vol. 5(1), pages 163-180.
    19. John Carruthers & Gordon F. Mulligan, 2012. "The plane of living and the precrisis evolution of housing values in the USA," Journal of Economic Geography, Oxford University Press, vol. 12(4), pages 739-773, July.
    20. Partridge, Mark D. & Rickman, Dan & Olfert, M. Rose & Tan, Ying, 2013. "International Trade and Local Labor Markets: Are Foreign and Domestic Shocks Created Differently?," MPRA Paper 53407, University Library of Munich, Germany.

    More about this item

    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

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bla:rgscpp:v:5:y:2013:i:3:p:289-303. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Wiley Content Delivery (email available below). General contact details of provider: http://www.blackwellpublishing.com/journal.asp?ref=1757-7802 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.