Trends in Wealth-driven communities: Teton County Wyoming.
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Trends in Wealth-driven
communities: Teton County Wyoming.
byDr. Roger Coupal
University of Wyoming
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PCI 2010 Ave. Earn./JobTeton, WY (2) 94,672 (541) 39,030
New York, NY (1)111,386 (1) 90,513Marin, CA (4) 82,936 (53) 55,741Pitkin, CO (7) 76,318 (264) 43,917Wyoming 43,568 46,442Montana 33,727 37,506Colorado 41,388 50,130
Washington 41,837 54,445
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Teton Co., Wy Loving Co., Tx
New York, NYMarin Co., Ca
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Teton Co., Wy Loving Co., Tx
New York, NYMarin Co., Ca
Sully Co., SD
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Source and Distribution of Wealth Income
•What generates wealth income?•Resource base?•Agglomeration effects?
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DIRreg DIRrus
OPIrusOPIreg
Modeling framework*
*Source: Dr. David Holland
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Preliminary Econometric ResultsLong run (1969-2009) Pre-boom (1969-1999)
DIR Teton Co.
R2 0.9686 0.9803
OPI Teton Co. -0.0387382 0.2464057
-0.38 2.36
OPI Wy 0.1040278 2.75319
25.67 2.36
OPI rusa 2.670193 2.75319
25.67 29.56
const -26.8425 -30.55175
-21.5 -32.08
DIR Wy
R2 0.9561 0.9797
OPIWy 0.3128559 0.3607295
12.61 10.02
OPI rusa 1.172472 1.148256
0.0555415 0.0391768
const -5.357344 -5.430031
-6.84 -11.64
Long run (1969-2009) Pre-boom (1969-1999)
DIR Co
R2 0.9714 0.9688
OPI Co 0.2925409 0.0329359
7.4 0.36
OPI rusa 1.274403 1.44379
17.78 11
const -5.215522 -5.024521
-6.44 -4.75
DIR Id
R2 0.9578 0.969
OPI Id 0.4127298 0.3591732
10.56 8.31
OPI rusa 1.139174 1.045252
17.57 18.8
const -5.357454 -3.523175
-6.5 -5.89
DIR Wa
R2 0.966 0.9704
OPI Wa 0.2675451 0.419087
5.63 3.44
OPI rusa 1.268773 0.9512583
16.65 6.47
const -4.60577 -1.627134
-5.58 -1.71
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Conclusions
• Counties like Teton County, Wy have drivers that make it very different place relative to other regions:
• Higher employment than population, so commuting is a major factor
• Wealth income is the dominant driver but potential re-spending effects are likely minimal.
• Potential avenue for building investment groups such as “Angel Investors”
• Should we care what happens? Probably not. Its relevance is highly limited