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Regional Development and Plan Evaluation: The Use of Input-Output Analysis

Author

Listed:
  • McKusick, Robert
  • Bills, Nelson
  • Clark, Richard
  • Jones, Clifford
  • Niehaus, Robert
  • Palmer, Charles
  • Stipe, Sterling
  • Wilkins, John
  • Zygadlo, Linda

Abstract

The Water Resources Council's Principles for Planning Water and Land Resources and Standards for Planning Water and Land Resources require multiple objective planning and evaluation of natural resource use. Within that framework, a regional development account must be prepared for each alternative plan considered in the plan evaluation process. This report examines the uses and limitations of input-output (I-O) analysis in the formulation of the regional development account. The information needs of planners and economists evaluating plans in terms of regional development are identified and I-O's capability to provide some of these data is examined. An application section demonstrates the correct procedures for using regional input-output techniques in the estimation of secondary market impacts of plans, and identifies the limitations of using multipliers in isolation from the I-O model. The report emphasizes evaluating the feasibility of resource plans for a regional economy, as opposed to project justification.

Suggested Citation

  • McKusick, Robert & Bills, Nelson & Clark, Richard & Jones, Clifford & Niehaus, Robert & Palmer, Charles & Stipe, Sterling & Wilkins, John & Zygadlo, Linda, 1978. "Regional Development and Plan Evaluation: The Use of Input-Output Analysis," Economics Statistics and Cooperative Services (ESCS) Reports 321952, United States Department of Agriculture, Economic Research Service.
    • Handle: RePEc:ags:uerscs:321952
    DOI: 10.22004/ag.econ.321952
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    References listed on IDEAS

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    1. A. R. Prest & R. Turvey, 1966. "Cost-Benefit Analysis: A Survey," Palgrave Macmillan Books,, Palgrave Macmillan.
    2. Joseph L. Fisher, 1955. "Concepts In Regional Economic Development," Papers in Regional Science, Wiley Blackwell, vol. 1(1), pages 257-277, January.
    3. 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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    Cited by:

    1. James R. Simpson, 1980. "Input-Output Modeling and its Implications for Commodity Planning in Latin America," NBER Chapters, in: Commodity Markets and Latin American Development: A Modeling Approach, pages 41-62, National Bureau of Economic Research, Inc.

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