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An LP-SAM Approach for Examining Regional Economic Impacts: An Application to Wildfire Disasters in Southeast Oregon

Author

Listed:
  • Man-Keun Kim

    (Utah State University)

  • Ertqian Zhu

    (Beijing Language and Culture University)

  • Thomas R. Harris

    (University of Nevada-Reno)

  • Jonathan E. Alevy

    (University of Alaska-Anchorage)

Abstract

Assessment of regional economic impacts can be accomplished using either an input-output analysis or a social accounting matrix (SAM) analysis. While these approaches can generate important insights, they have significant limitations for some cases, e.g., the event of the need to reallocate limited resources such as land, labor, etc., because they do not include a complete set of decision makers’ activities and managerial options. This study develops a flexible approach to link the firm level linear programming model to regional economic models to overcome these limitations, a LP-SAM. To demonstrate the LP-SAM a ranch-level economic model is linked to the regional SAM to investigate the impact of wildfire on the southeastern Oregon. The LP-SAM successfully traces out the decision makers’ responses to wildfire and also regional economic impacts.

Suggested Citation

  • Man-Keun Kim & Ertqian Zhu & Thomas R. Harris & Jonathan E. Alevy, 2012. "An LP-SAM Approach for Examining Regional Economic Impacts: An Application to Wildfire Disasters in Southeast Oregon," The Review of Regional Studies, Southern Regional Science Association, vol. 42(3), pages 207-221, Winter.
    • Handle: RePEc:rre:publsh:v:42:y:2012:i:3:p:207-221
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    References listed on IDEAS

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    1. Richardson, James W. & Klose, Steven L. & Gray, Allan W., 2000. "An Applied Procedure For Estimating And Simulating Multivariate Empirical (Mve) Probability Distributions In Farm-Level Risk Assessment And Policy Analysis," Journal of Agricultural and Applied Economics, Southern Agricultural Economics Association, vol. 32(2), pages 1-17, August.
    2. Bowker, J.M. & Richardson, James W., 1989. "Impacts of Alternative Farm Policies on Rural Communities," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 21(2), pages 35-46, December.
    3. Lars Brink & Bruce McCarl, 1977. "Input-Output Analysis, Linear Programming And The Output Multiplier," Canadian Journal of Agricultural Economics/Revue canadienne d'agroeconomie, Canadian Agricultural Economics Society/Societe canadienne d'agroeconomie, vol. 25(3), pages 62-67, November.
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    Cited by:

    1. Alexander Trynov, 2016. "Public-Private Investment Partnerships: Efficiency Estimation Methods," Economy of region, Centre for Economic Security, Institute of Economics of Ural Branch of Russian Academy of Sciences, vol. 1(2), pages 602-612.

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