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The Economic Value of Water and Ecosystem Preservation

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5.3.2. Input-Output Analysis<br />

<strong>The</strong> input-output modeling via IMPLAN is based on the county level. We had<br />

the opportunity to develop an input-output model that consisted <strong>of</strong> as many<br />

counties as we chose. To provide a more regional approach we analyze the<br />

economic impact <strong>of</strong> employment change in the four sectors starting with the<br />

combined Aransas/Calhoun region, <strong>and</strong> then Aransas <strong>and</strong> Calhoun separately.<br />

Once again, Refugio has no measurable fishing industry to speak <strong>of</strong> so it is not<br />

included in the analysis.<br />

Aransas/Calhoun<br />

<strong>The</strong> two county region <strong>of</strong> Aransas <strong>and</strong> Calhoun tells a much different story<br />

then the counties analyzed separately. Fishing employment has decreased over<br />

the time period analyzed, as identified in the previous section, for both counties.<br />

<strong>The</strong> combined impact has been a loss <strong>of</strong> $3.3 million in output, 93 jobs, <strong>and</strong> $1.7<br />

million in income (see Table 5-8).<br />

Mining (oil <strong>and</strong> gas) has bolstered the regions economic activity. This is no<br />

doubt heavily influenced by high oil <strong>and</strong> natural gas prices which have created<br />

the needed incentive to increase output <strong>of</strong> currently producing wells, <strong>and</strong> bring<br />

into production new <strong>and</strong> old wells that would otherwise have been considered<br />

economically infeasible. As a result, output, employment, <strong>and</strong> income have all<br />

increased for this sector on a two county regional level.<br />

Construction output, employment, <strong>and</strong> income grew during this time period<br />

as this region was buoyed by a number <strong>of</strong> events. Nationally housing starts were<br />

on the rise as financing for purchases were relatively easy to acquire. However,<br />

we are currently seeing the results <strong>of</strong> that superheated housing market.<br />

Secondly, the region experienced an increase in Winter Texans <strong>and</strong> permanent<br />

retirees, which pushed up dem<strong>and</strong> for housing. As will be shown below, this<br />

impact was more pronounced in Aransas County.<br />

Table 5-8. <strong>Economic</strong> Impact-Aransas/Calhoun<br />

Direct Indirect Induced Total<br />

Fishing<br />

(-) Output $2,481,680 $345,099 $512,675 $3,339,454<br />

Employment 83 3.5 6.4 92.9<br />

Income $1,358,962 $139,571 $150,679 $1,649,212<br />

Mining<br />

(+) Output $22,181,952 $3,654.621 $1,558,958 $27,395,531<br />

Employment 53 20.5 19.6 93.1<br />

Income $3,851,896 $958,312 $458,294 $5,268,501<br />

Manufacturing<br />

(-) Output $588,387,648 $100,257,774 $60,438,499 $749,083,942<br />

Employment 875 522.2 758 2,155.8<br />

Income $147,530,896 $26,629,179 $17,762,324 $191,922,404<br />

Construction<br />

(+) Output $5,015,053 $730,655 $531,382 $6,277,090<br />

Employment 32 10.2 6.7 48.9<br />

Income $1,300,606 $315,171 $156,203 $1,771,980<br />

65

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