IDEAS home Printed from https://ideas.repec.org/a/taf/ecsysr/v26y2014i2p224-238.html
   My bibliography  Save this article

Measuring Spillover Effects Of Shocks To The Alaska Economy: An Inter-Regional Social Accounting Matrix (Irsam) Model Approach

Author

Listed:
  • Chang K. Seung

Abstract

An inter-regional social accounting matrix (IRSAM) model is used to estimate the spillover effects occurring between economies of two US regions -- (i) Alaska, which depends heavily on imports of commodities and factors of production from outside the region, and (ii) the rest of the US (RoUS). Multiplier decomposition is used to calculate intra-regional multipliers and spillover effects between the two regions. Results show that a significant percentage (46.3--70.8%) of the total secondary impacts of a shock to Alaskan industries leaks out of Alaska and flows to the RoUS. An analysis of household multipliers indicates that over 60% of the total secondary effects of an increase in Alaska household income accrues to the RoUS households. Policymakers are concerned with identifying the magnitude, nature, and geographic distribution of economic impacts from the policies they implement. The IRSAM model provides the framework for a better understanding of the intra-regional and spillover effects of policies.

Suggested Citation

  • Chang K. Seung, 2014. "Measuring Spillover Effects Of Shocks To The Alaska Economy: An Inter-Regional Social Accounting Matrix (Irsam) Model Approach," Economic Systems Research, Taylor & Francis Journals, vol. 26(2), pages 224-238, June.
    • Handle: RePEc:taf:ecsysr:v:26:y:2014:i:2:p:224-238
    DOI: 10.1080/09535314.2013.803039
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1080/09535314.2013.803039
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: https://libkey.io/10.1080/09535314.2013.803039?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

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

    Citations

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


    Cited by:

    1. Waters, Edward C. & Seung, Chang K. & Hartley, Marcus L. & Dalton, Michael G., 2014. "Measuring the multiregional economic contribution of an Alaska fishing fleet with linkages to international markets," Marine Policy, Elsevier, vol. 50(PA), pages 238-248.
    2. Matteo Coronese & Davide Luzzati, 2022. "Economic impacts of natural hazards and complexity science: a critical review," LEM Papers Series 2022/13, Laboratory of Economics and Management (LEM), Sant'Anna School of Advanced Studies, Pisa, Italy.
    3. Hidekazu Itoh, 2016. "Understanding of economic spillover mechanism by structural path analysis: a case study of interregional social accounting matrix focused on institutional sectors in Japan," Journal of Economic Structures, Springer;Pan-Pacific Association of Input-Output Studies (PAPAIOS), vol. 5(1), pages 1-20, December.
    4. Vogel, Stephen & Miller, Cristina & Ralston, Katherine, 2021. "Impact of USDA's Supplemental Nutrition Assistance Program (SNAP) on Rural and Urban Economies in the Aftermath of the Great Recession," Economic Research Report 327185, United States Department of Agriculture, Economic Research Service.
    5. Chang K. Seung, 2014. "Estimating effects of exogenous output changes: an application of multi-regional social accounting matrix (MRSAM) method to natural resource management," Regional Science Policy & Practice, Wiley Blackwell, vol. 6(2), pages 177-193, June.

    More about this item

    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:taf:ecsysr:v:26:y:2014:i:2:p:224-238. 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.

    We have no bibliographic references for this item. You can help adding them by using 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: Chris Longhurst (email available below). General contact details of provider: http://www.tandfonline.com/CESR20 .

    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.