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Last modified
7/14/2009 5:02:35 PM
Creation date
5/17/2009 11:15:01 PM
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UCREFRP
UCREFRP Catalog Number
9391
Author
Watts, G., W. R. Noonan, H. R. Maddux and D. S. Brookshire.
Title
The Endangered Species Act and Critical Habitat Designation
USFW Year
1997.
USFW - Doc Type
An Integrated Biological and Economic Approach.
Copyright Material
NO
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<br />resources that must be displaced from elsewhere in the national economy. Thus, <br />there is no net positive impact from this expenditure on thermal expansion. The <br />recreation resources within the Basin are unique and the loss of these recreation <br />opportunities cannot be replaced within the U.S. economy. <br /> <br />The aggregate total percent changes from the baseline are reported in Table 7. For Scenario A, <br />regional gross product is projected to increase by 0.0009 percent as a result of listing and the <br />proposed critical habitat. Since the national effects are accounted for in the CGE model, this <br />would represent an increase in the national gross product. Employment is projected to increase <br />by 0.0015 percent, earnings by 0.0018 percent, and government revenues by 0.0007 percent. In <br />Scenario B, the additions to the thermal generation capacity are treated as a transfer from the rest <br />of the national economy; expenditures are the result of a pure shift of resources from outside the <br />region. Gross regional product is projected to decline from the without fish baseline value by <br />-0.0008 percent. Employment is projected to decline by -0.0010 percent, earnings by -0.0002 <br />percent and government revenue by -0.0016 percent. <br /> <br />TABLE 7 <br />CGE Results as Percent Deviations from a Baseline Economy: The Case of Thermal Generation <br />Scenarios A and B <br />(Critical Habitat) <br /> <br /> Scenario A Scenario 8 <br />Real Gross Regional Product 0.0009% -0.0008% <br />Employment 0.0015% -0.0010% <br />Earnings 0.0018% -0.0002% <br />Total Government Revenues 0.0007% -0.0016% <br /> <br />Finally, under Scenario A, aggregate consumer surplus increases by $1.95 million. Producer <br />surplus is projected to decline by $0.41 million. Under Scenario 8, aggregate consumer surplus <br />decreases by -$2.59 million and producer surplus decreases by $0.50 million. The total surplus <br /> <br />37 <br />
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