THE EVOLUTION OF AN ALL-BLACK TOWN: THE CASE OF ROOSEVELT CITY,ALABAMA

Because new land uses may preclude existing or potential future uses, the net economic impact of a particular policy may be substantially less than its gross impact. One way to estimate the differences is with an analog region. A case study illustrates how an analog region estimates the net economic impact of Grand Teton National Park on Teton County, WY. Approximately one-third of the economic activity attributed to the park would still be present in the absence of the park.