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such a study would have to specify all of the existing resource flows that exist, and the level <br />of the eventual level of resource flows. <br />There is an ongoing study that is attempting a valuation of the changes in the resource flows <br />on a subregion of the Colorado River system by HBRS, Inc'. The study is funded through <br />the Bureau of Reclamation and is part of the overall Glen Canyon Environmental Studies <br />(GCES). This study is in the early stages of development. <br />This effort reported upon herein was not afforded the time or resources to undertake a <br />similar study, especially in light of the Court order mandating the USFWS complete the <br />critical habitat designation as expeditiously as possible. <br />D. Overview of the Colorado River Basin Economy <br />1. Structure of Economic Activity <br />As indicated above, the requirements of a study for determining the nonmarket benefits of <br />critical habitat designation would require a description of the current status and some future <br />projected status. This study focuses on the market impacts in the Basin and a brief <br />description of the structure of the economy of the Colorado River Basin, as it existed in <br />1989, is provided. Later in this section, a history of the Basin economy is also provided and <br />special attention is devoted to historical developments that affect the endangered fishes. <br />For the purposes of the economic analysis the economy of the Colorado River Basin region <br />was organized into 20 industrial sectors. This was accomplished by aggregating the 528 <br />sectors in the economic data base. The aggregation procedure is described in Chapters II-7 <br />and II-8. The 20 sectors are reported in Table II-2-1. <br />2 HBRS, Inc. 585 Science Drive, Suite A, Madison, WI 53711-1060 <br />II-2-9