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<br />Of course, the water resources cannot be analyzed'properly in isolation
<br />from other economic aspects. The various sectors of the state's economy
<br />are linked together by the f~ct that they compete with each other for
<br />many resources. Further, they complement each other by providing each
<br />other goods and services. Thus, it is important to analyze the interre-
<br />lationships that exist between the various sectors of the economy.
<br />
<br />Input-output analysis is capable of showing, at a point in time, how the
<br />various sectors of an economy are interrelated. Further, one can use
<br />this analytical technique to demonstrate how the allocation of a limited
<br />resource, such as water, is important to continued economic development
<br />of the state. If water is to be reallocated fromo-sector A to sector B,
<br />,the impact of this reallocation on employment, income, and output in all
<br />sectors must be considered.
<br />
<br />The analyses proposed here will be useful not only to water resource
<br />planners but to decision makers in the public and private sectors who
<br />consider all types of investments.!! Furthermore, the study will serve
<br />as a useful benchmark and reference to gage the ,impact of many types of
<br />economic change on the state I s economy. '
<br />
<br />VI. Relation of the Project to Other Research:
<br />
<br />A.
<br />
<br />At Colorado State University:
<br />
<br />Several pieces of input-output research have been conducted for spe-
<br />cific areas in Colorado. Goode~ has completed an inpu~-output analy-
<br />sis ::f.a four-county area in nortr.cr~ Colorado. Tanner.J has st'.ldied
<br />the s~condary effects of ground water development in Kit Carson County.
<br />fIso, Skold and GreerY 'have investigated the impact of individual re-
<br />source development projects in a nine-county area in eastern Colorado
<br />and western Kansas.
<br />
<br />Research is currently unden.ay by Rohdy involving an impact analysis
<br />of hunting and ,fishing expenditures in Colorado. This work' will in-
<br />clude an input-output study of Grand County. Also, a research pro-
<br />posal involving an analysis of oil shale development has been submitted
<br />by Colorado State University to several agencies for funding. The eco-
<br />nomic analysis section of the oil 'shale 'proposal includes 'an input-
<br />output study of the regional economy involved of which Colorado is a
<br />part.
<br />
<br />!!Hartman, L.M. and D.A. Seastone.' ,"Welfare Goals and Organization of
<br />Decision-Making for the Allocation of Water Resources," Land Economics,
<br />February 1965'.
<br />Hartman, L.M. and D.A. Seastone. "Efficiency Criteria for Market Trans-
<br />fers of Water," Journal of Water Research, June 1965.
<br />
<br />~Goode, Frank. "An Input-Output Study of a Four-County Area in Northern
<br />Colorado," unpublished ~laster's Thesis, Dept. of Econ., Colorado State Univer-
<br />. sity, 1964.
<br />
<br />YTanner, David B. "The Secondary Effects of Ground Water Development,"
<br />unpublished 1-laster's Thesis, Dept. of Econ., Colorado State Uni versi ty, 1967.
<br />
<br />YSkold, M.D. and A.J. Greer, Jr. The Impact of Agricultural Change ~
<br />a Local Economy in the Great Plains, Colo. State Univ. Exp. Sta. Tech. Bul.
<br />No. 106, 1969. --
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