EVALUATING THE SHORT- AND LONG-RUN ECONOMIC IMPACTS OF THE VIRGINIA-MARYLAND REGIONAL COLLEGE OF VETERINARY MEDICINE

Binzhang Liu, Shukla Kshirsagar, Thomas G. Johnson, Craig D. Thatcher and George Norton

Journal of Agricultural and Applied Economics, 2001, vol. 33, issue 01, 9

Abstract: Colleges of veterinary medicine are often asked to provide evidence of the economic impacts of their activities. This paper presents methods for evaluating a veterinary college and applies them to the Virginia-Maryland Regional College of Veterinary Medicine. It assesses short-run impacts on income and employment using input-output analysis. Long-run benefits are estimated using a combination of economic surplus analysis, travel cost analysis and demand estimation, animal-owner willingness-to-pay based on a survey of practicing veterinarians, and earnings differentials.

Keywords: Community/Rural/Urban Development; Teaching/Communication/Extension/Profession (search for similar items in EconPapers)
Date: 2001
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Journal Article: Evaluating the Short- and Long-run Economic Impacts of the Virginia-Maryland Regional College of Veterinary Medicine (2001)
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Persistent link: https://EconPapers.repec.org/RePEc:ags:joaaec:15297

DOI: 10.22004/ag.econ.15297

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