Identifying channels of economic impacts: An inter-regional structural path analysis for Alaska fisheries |
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Institution: | 1. Institute of Environmental Sciences, CML, Leiden University, Einsteinweg 2, 2333 CC Leiden, The Netherlands;2. School of Management and Economics, Tianjin University, Weijin 92, 300072 Tianjin, People''s Republic of China;3. Leiden University College The Hague, Leiden University, Anna van Buerenplein 301, 2595 DG The Hague, The Netherlands;1. Department of Applied Economics, Univ. Autónoma de Barcelona, 08193 Bellaterra, Spain;2. Instituto de Economía, Universidad de la República, Montevideo, Uruguay |
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Abstract: | Alaska fisheries have strong spillover effects on economies of other states (especially the state of Washington) due to their dependence on imports from these other states. Several studies attempt to develop inter-regional or multi-regional economic impact models to investigate these spillover effects, and calculate the multipliers for Alaska fisheries. However, these multipliers measure only total economic impacts, failing to provide fishery managers with the information on how and along what channels these total economic impacts are generated and transmitted throughout the regions. This paper uses an inter-regional structural path analysis (IRSPA) to identify the various channels (paths) through which the economic impacts of an initial shock to a seafood sector are transmitted, amplified, and spilled over to other regions, within an inter-regional social accounting matrix (IRSAM) framework for two US regions – Alaska and the rest of US (RUS). |
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Keywords: | Alaska fisheries Inter-regional economic impacts Social accounting matrix Structural path analysis |
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