This study uses a computable general equilibrium model to examine the impacts of transferring water from agriculture to recreational use in rural Nevada. Model results show that different assumptions about input substitution in agricultural production produce qualitatively different policy...

Bayesian vector autoregressive (BVAR) models are developed to forecast industry employment for a resource-based economy. Two different types of input-output (I-O) information are used as priors: (i) a reduced-form I-O relationship and (ii) an economic-base version of the I-O information....