Economic Impact Studies: Practical Tips & Examples - Lynn Vaccaro
-
Upload
healthy-lakes-healthy-lives -
Category
News & Politics
-
view
563 -
download
0
description
Transcript of Economic Impact Studies: Practical Tips & Examples - Lynn Vaccaro
Economic Impact Studies: Practical Tips & ExamplesEconomic Impact Studies: Practical Tips & Examples
9:00 Estimating the Number of Great Lakes Jobs
Lynn VaccaroMichigan Sea Grant
9:159:15
Quasi-Experiments in Empirical Economics: An Application to Extreme Levels of Lake Michigan
Michael MooreUniversity of Michigan
9:309:30Recreational Fisheries: Using Customer Surveys to Assess Economic Impacts
Dan O’KeefeMichigan Sea Grant Extension
9:459:45 Estimating the Benefits of Great Lakes Restoration
Jennifer ReadMichigan Sea Grant
10:0010:00 Words of Advice, DiscussionChi-Ok OhMichigan State University
Estimating the Number of Great Estimating the Number of Great Lakes JobsLakes Jobs
Lynn VaccaroLynn VaccaroCoastal Research SpecialistCoastal Research Specialist
Jennifer ReadJennifer ReadAssistant Director and Research CoordinatorAssistant Director and Research Coordinator
How many jobs do the How many jobs do the Great Lakes support?Great Lakes support?
The Great Lakes Shaped the Development of Our Economy
Great Lakes Maritime History
U.S. Army Corp
Historically:• Passage for exploration and development• Water Highway for fur, lumber, iron ore, coal, steel, machinery• Enabled the region to become a manufacturing hub
Randy Schaetzl
Jobs in industries that:– Rely on the lakes for key inputs– Receive an economic advantage from the lakes– Are significantly influenced by the lakes
These industries would either not exist or not have developed to the extent that they have reached today without reliance upon the Great Lakes.
Defining Great Lakes JobsDefining Great Lakes Jobs
• Coastal counties for most industries• In Michigan, statewide for manufacturing, mining and science
Where can we find Great Lakes Jobs?Where can we find Great Lakes Jobs?
U. S. Bureau of Labor Statistics– Quarterly Census of Employment and Wages; Occupational
Employment Statistics– Publicly available– Consistent geographically and historically– County level employment for 1000 different industry categories
Data SourcesData Sources
• Manufacturing• Tourism and recreation• Shipping , including freight transport and warehousing• Agriculture, fishing and food production• Science and engineering• Utilities• Mining
67 Great Lakes Industry Categories, 67 Great Lakes Industry Categories, Grouped into 7 Sectors:Grouped into 7 Sectors:
Industries: Industries: chemical, durable and non-durable goodschemical, durable and non-durable goods
Exclusions: Exclusions: printing, petroleum productsprinting, petroleum products
Jobs: 994,879 Jobs: 994,879
Wages: $43 billionWages: $43 billion
ManufacturingManufacturing
Steel (Indiana Dunes National Lakeshore)
Industries: Industries: parks, historical sites, amusements, marinas, parks, historical sites, amusements, marinas, traveler accommodations, boat dealerstraveler accommodations, boat dealers
Exclusions: Exclusions: food service, gas, municipal transportfood service, gas, municipal transport
Jobs: 217,635Jobs: 217,635
Wages: $5.1 billionWages: $5.1 billion
Tourism and RecreationTourism and Recreation
Industries: water, rail, truck, warehousing
Exclusions: air, passenger and pipeline transport
Jobs: 118,550Wages: $5.2 billion
ShippingShipping
Rogers City 1930s, Erhardt Peters
April 2011, Paul Beesley.
www.maritimehistoryofthegreatlakes.ca
Industries: crops, fishing, aquaculture, food and beverage production
Exclusions: animal production, forestry
Jobs: 118,430Wages: $4.8 billion
Agriculture, Fishing and Food Agriculture, Fishing and Food ProductionProduction
www.epa.gov/glinpoDIY Start
Occupations: Occupations: environment, environment, food, conservation, marine, food, conservation, marine, atmosphericatmospheric
Exclusions: Exclusions: most engineering most engineering and science occupationsand science occupations
Jobs: 38,085Jobs: 38,085Wages: $2.2 billionWages: $2.2 billion
Science and EngineeringScience and Engineering
Industries: Industries: power, water, sewerpower, water, sewer
Exclusions: Exclusions: natural gas natural gas distributiondistribution
Jobs: 10,980Jobs: 10,980Wages: $880 millionWages: $880 million
UtilitiesUtilities
Industries: coal, metal
Exclusions: oil, gas
Jobs: 10,003Wages: $630 million
MiningMining
Taconite Processing , PolyMet
Iron ore
The Great Lakes Support: 1.51 million jobs, $6.2 billion in wagesThe Great Lakes Support: 1.51 million jobs, $6.2 billion in wages
Factors that could lead to an Underestimate– Does not include: Coast Guard, Army Corp of Engineers, railroad
workers, self employed and proprietors, domestic workers, farm labor– Suppressed data due to confidentiality– Does not consider indirect or induced employment
Factors that could lead to an Overestimate– Part time, seasonal and full time jobs counted equally– Lakes might not influence entire coastal county
Other Approaches– Economic Lake Effect?
How accurate is this estimate?How accurate is this estimate?
Estimating the Number of Estimating the Number of Great Lakes JobsGreat Lakes Jobs
Lynn VaccaroLynn Vaccaro
[email protected]@umich.edu
www.miseagrant.umich.edu/economywww.miseagrant.umich.edu/economy