The Economic Impacts of the Change in Sectoral Water Use in Maricopa County, Arizona: Modified Input-Output Approach

James Yoo ()
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James Yoo: California Baptist University

No 2804932, Proceedings of International Academic Conferences from International Institute of Social and Economic Sciences

Abstract: This paper investigates the impact of change in sectoral water supply on employment in Maricopa County, Arizona using input-output model. The main contribution of this study is two-fold. First, we generate a database on water use by water source: surface water and groundwater. Second, we develop a modified input-output model that captures the economic impact of substitution in water use from surface to ground water due to variation in the cost of water supply.The study exercises two water supply change scenarios. Scenario I assumes that the total water supply/use decreases by 1% but the reduction comes only from surface water use, holding groundwater use constant. Scenario II assumes that surface water supply/use in all sectors decreases by 1%, and the reduction in surface water use is replaced by the exact amount of more expensive groundwater. We found that the magnitude of economic impacts depends on consumer?s responsiveness to water price change. When price elasticity of water demand is relatively low (

Keywords: economic impacts; input-output model; water supply (search for similar items in EconPapers)
JEL-codes: C18 C67 (search for similar items in EconPapers)
Pages: 19 pages
Date: 2015-10
New Economics Papers: this item is included in nep-ure
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Published in Proceedings of the Proceedings of the 19th International Academic Conference, Florence, Oct 2015, pages 897-915

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Persistent link: https://EconPapers.repec.org/RePEc:sek:iacpro:2804932

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