In this paper, we describe the modeling of a resource-dependent economy, namely, Southeast Alaska, in monitoring the impact of federal, state and local government taxing and spending activities on the region. An important part of the modeling effort is construction of a readily accessible...

The sensitivity of regional industry to business cycles has been widely documented. Responses of individual businesses and industries in a specific region or state to each phase of the business cycle has been less well analyzed and understood. Lacking in all the documentation, moreover, is...

Agriculture: Essential to Minnesota's Economy

In this paper, we describe the modeling of a resource-dependent economy, namely, Southeast Alaska, in monitoring the impact of federal, state and local government taxing and spending activities on the region. An important part of the modeling effort is construction of a readily accessible...

The Report projects quarterly production and stock levels for the Minnesota and U.S. iron mining industry to the year 2000. Projections of Minnesota's iron industry employment are subsequently derived from the production forecasts. Ordinary least squares regression techniques are used to analyze...

The economic effects of mineral resource development addressed in this paper are the changes in employment, population and income in the State of Minnesota and in Northeast Minnesota. These include the present mining, processing and shipping of natural ores and taconite pellets and the potential...

In this report, the role and importance of export-producing industries in Minnesota are discussed. Major emphasis is on agricultural-related industries and their economic importance to the State in value of gross output and contribution to gross state product.

The Minnesota Regional Development Simulation Laboratory (SIMLAB) was used to simulate statewide economic effects of three iron mining industry options--revitalization of the Lower Great Lakes states steel industry, gradual liquidation of this industry, and the direct reduction of iron ore to...