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.-,~ .;-:' I' .~.. I... . I j .,- I I I I ! I j 1 r I I I ~ . . , :r , ~ 'i. :. i j + ; I I 1 " 1 .tv ()' -J ~ ,-4- This first ro~d of purchases results m'a '$45,000,000 requirement for (output of) agricultural sector products. On the second round this $4",000,000 must be broken down again by the sectors in Table 3. This process continues mtil the ""new" dollars have completed their journey throughout the economy. This brief example indicates' how input-output analysis can be used to ascertain the effects of changes in a state's economy. Obviously, these changes are not always additions to the economic base. How- ever, this type of analysis can also be used to predict the effect on different sectors if a basic sector is ,forced to reduce its out- put. Input-output analysis also points out that changes in the eco- nomy do not necessarily affect every sector equally'- In fact, some sectors may benefit only slightly, if at all, from specific changes. Objective 'three will be fulfilled by determining the physical water requirements by sectors. This information will be determined from the value of water used as indicated in the intersectoral transac- tions, e.g., Table 1. This step is necessary because of the wide variation in water costs between sectors. Objective four will in- volve the establishment of goals or assumptions regarding the de- velopment of water resources and technology. Several analytical procedures will be used to estimate (a) 'the impact of future output levels on the demand for water, (b) water demand as it relates to the price of water, and (c) the substitution between water and other i:flputs. These procedures will inc:l:.lde bv-::~ p03:.~ive (desc~iFt:.~..~j.. and normative (prescriptive or optimal) techniques. I III. Duration of Project: July 1, 1970 to June 30, 1974 IV. Location of the Research: Personnel will be headquartered at Colorado State University, Fort Collins, Colorado. Data will be collected for all sectors of Colorado's economy with special emphasis on the eastern slope industrial and agricultural sec- tors. ' V. Importance of the Research: Colorado is experiencing rapid economic change. This change is resulting from an increase in the size of the state's' economy. , It "is also being 'af- fected by a relatively high rate of immigration of people and industries. Any rapid change causes pressures on existing institutions and resources. Of particular concern are those resources which are scarce. In Colorado, as elsewhere in the western United States', water is a very critical re- source to continuing economic development. Many'local, state, and regional programs have been and are being developed to promote economic growth of the state's economy. All of these programs must ultimately consider and plan for the resources required 'for their implementation. Of particular concern to economic development in Colol'ado is hO\< the growth of a par- ticular sector or industry will affect the water use patterns of the state.