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The Variation of Estimated Impacts from Five Regional Input-Output Models

Author

Listed:
  • Sharon M. Brucker

    (Department of Food and Resource Economics, University of Delaware, Newark, Delaware 19717-1303 USA)

  • Steven E. Hastings

    (Department of Food and Resource Economics, University of Delaware, Newark, Delaware 19717-1303 USA)

  • William R. Latham III

    (Department of Economics, University of Delaware, Newark, Delaware 19711 USA)

Abstract
Since construction of a regional input-output model for impact analysis is very time-consuming, a market for ready-made regionally customized model systems has developed. This article compares five such systems. It is based on a survey of five modelers who estimated impacts of seven hypothetical regional development scenarios. The article presents the estimates generated; then compares them, focusing on the degree of variation among the estimates and also comparing them to a survey model's results. Although estimated impacts were relatively similar for regionwide output and income impacts, there was great dissimilarity among employment impact estimates.

Suggested Citation

  • Sharon M. Brucker & Steven E. Hastings & William R. Latham III, 1990. "The Variation of Estimated Impacts from Five Regional Input-Output Models," International Regional Science Review, , vol. 13(1-2), pages 119-139, April.
    • Handle: RePEc:sae:inrsre:v:13:y:1990:i:1-2:p:119-139
    DOI: 10.1177/016001769001300109
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    References listed on IDEAS

    as
    1. Nelson, Marlys Knutson, 1985. "Socioeconomic Impact Models: An Annotated Bibliography," Staff Reports 277674, United States Department of Agriculture, Economic Research Service.
    2. William A. Schaffer & Kong Chu, 1969. "Nonsurvey Techniques For Constructing Regional Interindustry Models," Papers in Regional Science, Wiley Blackwell, vol. 23(1), pages 83-104, January.
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