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Catalyzing Economic And Environmental Insights: Applications Of Implan'S Environmentally Extended Input-Output (Eeio) Modeling For Energy Production Scenarios

Author

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  • Tuyen PHAM

    (Assistant Professor of Research, Voinovich School of Leadership and Public Service Ohio University, Athens Ohio, United States of America)

Abstract

In the United States, regional scientists and economists frequently employ IMPLAN, a proprietary input-output (I-O) software, for assessing the economic ramifications of diverse interventions on the local economy. IMPLAN has recently incorporated the Environmental Protection Agency’s (EPA) Environmentally Extended Input-Output (EEIO) modeling as an optional extension within their subscription service. In this paper, we compare coal vs. solar production scenarios in Ohio (a state in the United States) as a case study to illustrate the seamless integration of EEIO modeling with traditional I-O modeling, showcasing its enhanced capabilities for evaluating economic and environmental impacts. In the case of Ohio, we found that the state’s plans to increase solar energy capacity and decrease coal energy capacity have a net positive impact on its economy when considering both economic and environmental aspects.

Suggested Citation

  • Tuyen PHAM, 2024. "Catalyzing Economic And Environmental Insights: Applications Of Implan'S Environmentally Extended Input-Output (Eeio) Modeling For Energy Production Scenarios," Regional Science Inquiry, Hellenic Association of Regional Scientists, vol. 0(1), pages 99-106, June.
    • Handle: RePEc:hrs:journl:v:xvi:y:2024:i:1:p:99-106
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    References listed on IDEAS

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    More about this item

    Keywords

    Input-output; coal; solar; environmental impact;
    All these keywords.

    JEL classification:

    • C67 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Input-Output Models
    • R15 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Econometric and Input-Output Models; Other Methods
    • E01 - Macroeconomics and Monetary Economics - - General - - - Measurement and Data on National Income and Product Accounts and Wealth; Environmental Accounts
    • P18 - Political Economy and Comparative Economic Systems - - Capitalist Economies - - - Energy; Environment

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