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Application of BEA Economic Areas in the Development of the Great Basin Fiscal Impact Model

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  • Harris, Thomas R.
  • Shonkwiler, John Scott
  • Ebai, George E.
  • Janson, Peter

Abstract

With changing revenue and service responsibilities between federal, state and local governments, the need for local decisionmakers to accurately assess fiscal impacts of new economic devel - opments or federal government programs has become increasingly important. In this paper we explore the use of cross-sectional data and procedures to derive a fiscal impact model that crosses state boundaries. This study uses BEA Economic Areas to select counties to be included in the Great Basin fiscal impact model. Fixed effects are specified to incorporate institutional differences between states and metropolitan counties. Results of this analysis indicate that model derivation is not statistically impacted by use of place of work employment rather than place of residence employment. An example analysis for a rural Nevada county shows how the Great Basin fiscal model can be applied to measure changes in county fiscal balances.

Suggested Citation

  • Harris, Thomas R. & Shonkwiler, John Scott & Ebai, George E. & Janson, Peter, 2000. "Application of BEA Economic Areas in the Development of the Great Basin Fiscal Impact Model," Journal of Regional Analysis and Policy, Mid-Continent Regional Science Association, vol. 30(1), pages 1-18.
    • Handle: RePEc:ags:jrapmc:132168
    DOI: 10.22004/ag.econ.132168
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    References listed on IDEAS

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    1. Beemiller, Richard M., 1989. "Local area fiscal impact analysis using the regional input--output modeling system (RIMS II)," Socio-Economic Planning Sciences, Elsevier, vol. 23(5), pages 261-269.
    2. Thomas F. Stinson & Andrea Lubov, 1982. "Segmented Regression, Threshold Effects, and Police Expenditures in Small Cities," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 64(4), pages 738-746.
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    Cited by:

    1. Cho, Seong-Hoon & Lee, Juhee & Roberts, Roland & Yu, Edward T. & Armsworth, Paul R., 2018. "Impact of market conditions on the effectiveness of payments for forest-based carbon sequestration," Forest Policy and Economics, Elsevier, vol. 92(C), pages 33-42.
    2. Lee, Juhee & Cho, Seong-Hoon & Kim, Taeyoung & Yu, Tun-Hsiang & Armsworth, Paul Robert, 2015. "Exploring tax-based payment approach for forest carbon sequestration," 2015 Annual Meeting, January 31-February 3, 2015, Atlanta, Georgia 196873, Southern Agricultural Economics Association.

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    Keywords

    Environmental Economics and Policy;

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