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The Economic Impact of the Horse Industry in Virginia

Terance Rephann ()

No 2011-02, Reports from Center for Economic and Policy Studies

Abstract: This paper examines the economic impact of Virginia\'s horse industry using input-output analysis. Statewide impacts are further disaggregated into three categories: (1) expenditures on horse maintenance and support by horse owners and operations, (2) expenditures on horse shows and competitions, and (3) expenditures associated with pari-mutuel racing activities. Results indicate a total economic impact of 16,091 jobs and $670 million in value-added impact.

Keywords: horse; racing; economic impact; input-output (search for similar items in EconPapers)
JEL-codes: Q19 R00 (search for similar items in EconPapers)
Date: 2011-04-04
New Economics Papers: this item is included in nep-agr and nep-tur
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