Assessing the regional economic impact of pollution control: a simulation approach
Pages 773 - 780
Abstract
This paper presents a computer simulation approach to assessing the major economic dimensions of the regional impact of pollution control technology. The framework for the analysis is a regional economic input-output model. Impact measures are estimated in terms of price, employment, and output in the affected region. A 22-sector input-output model of the St. Louis area is used as the basis for the demonstration. Summary economic impact measures combining price and employment effects are developed for the region and for the rest of the nation. The simulation model is applicable to any set of wage, price, or technology changes which can be specified as changes to an input-output model, and has been implemented as part of the regional economic impact analysis program of the Office of Emergency Preparedness. The full algorithm has been implemented on MCL's UNIVAC 1108 computer for application with the data base for the multiregional input-output model developed by the Harvard Economic Research Project. The price-change portion of the algorithm has also been implemented for the 1963 OBE 478-order interindustry model of the U. S. economy.
References
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Dorfman, R., Samuelson, P. A., Solow, R. M., Linear Programming and Economic Analysis, New York, 1958.
[2]
Hawkins, D., Simon, H. S., "Note: Some Conditions of Macro-Economic Stability," Econometrica, July 1949.
[3]
Leontief, W., "Environmental Repercussions and the Economic Structure: An Input-Output Approach," Review of Economics and Statistics, August 1970.
[4]
Liu, Ben-Chieh, Interindustrial Structure Analysis: An Input- Output Study of the St. Louis Region, 1967, St. Louis Regional Industrial Development Corporation, St. Louis, 1968.
[5]
"Input-Output Structure of the U.S. Economy: 1963," National Economics Division, Survey of Current Business, Vol. 49, 1969.
[6]
Norsworthy, J. R., Teller, A., Estimation of the Regional Economic Impact of Pollution Control, paper presented at the winter meetings of the Econometric Society, December 1971.
[7]
Norsworthy, J. R., Estimated Inflationary Impact of Price Changes in Input-Output Industries, Office of Emergency Preparedness, 1973.
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Waugh, F., "Inversion of the Leontief Matrix by Power Series," Econometrica, April 1968.
- Assessing the regional economic impact of pollution control: a simulation approach
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Published In
June 1973
936 pages
ISBN:9781450379168
DOI:10.1145/1499586
Copyright © 1973 ACM.
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Association for Computing Machinery
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Published: 04 June 1973
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