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    A Multi-Regional Input-Output (MRIO) Analytical Framework for Assessing the Regional Economic Impacts of Rising Water Prices


    Credit, Kevin and Mack, Elizabeth A. and Wrase, Sarah (2019) A Multi-Regional Input-Output (MRIO) Analytical Framework for Assessing the Regional Economic Impacts of Rising Water Prices. Review of regional studies, 49. pp. 351-380. ISSN 1553-0892

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    Abstract

    Understanding the regional economic implications of rising water and wastewater services is important, because these services are household necessities. To date, however, there are few (if any) studies examining the link between water costs and indicators of economic vitality such as jobs, output, and regional income. To advance work on this particular topic, this paper proposes a novel methodology that estimates changes in household spending information from the Consumer Expenditure Survey (CES) for a particular change in water prices. This vector of final demand changes is then linked to multi-regional input-output (MRIO) models to estimate the regional economic impacts associated with changes in consumer spending patterns. To demonstrate this methodology, three water price increase scenarios are derived, and associated changes in final demand estimated.

    Item Type: Article
    Additional Information: Cite as: Credit, Kevin & Mack, Elizabeth & Wrase, Sarah. (2019). A Multi-Regional Input-Output (MRIO) Analytical Framework for Assessing the Regional Economic Impacts of Rising Water Prices. The Review of regional studies. 49. 351-380. 10.52324/001c.10172.
    Keywords: water prices; multi-regional input-output analysis; Phoenix AZ; infrastructure economic impact analysis;
    Academic Unit: Faculty of Science and Engineering > Research Institutes > National Centre for Geocomputation, NCG
    Faculty of Social Sciences > Geography
    Faculty of Social Sciences > Research Institutes > Maynooth University Social Sciences Institute, MUSSI
    Item ID: 14938
    Identification Number: https://doi.org/10.52324/001c.10172
    Depositing User: Kevin Credit
    Date Deposited: 19 Oct 2021 14:20
    Journal or Publication Title: Review of regional studies
    Publisher: Southern Regional Science Association
    Refereed: Yes
    URI:

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