574
regional economy from changes in final demand, which is the value of goods and
services produced and sold to final users (institutions) during a base year. Impacts
are defined using a variety of economic indicators including:
• Employment: Number of full-time and part-time jobs.
• Industry output: Total value of production, comprised of both the value of intermediate inputs and value added.
• Value added: An industry’s value of production over the cost of its purchased
inputs of goods and services required to produce its goods or services. Total
value added, also referred to as Gross Regional Product, is comprised of labor
income, other property income, and indirect business taxes.
• Labor income: Wages, salaries, and benefits paid to workers.
• Other property income: Income received from investments, such as corporate
dividends, royalties, property rentals, or interest on loans.
• Indirect business taxes: Payments to governments for excise taxes, sales taxes,
customs duties, and various fees, except for payroll and income taxes.
Region-specific multipliers estimated within regional economic models represent the total impact on the economy resulting from a change in final demand in the
affected industries. Output, value added, and labor income multipliers each represent the total dollar change in all industries due to a one-dollar change in final
demand, in this case, the landed value of commercial catch or recreational fishing
expenditures, while employment multipliers represent the change in number of jobs
in all industries per million dollars change in final demand. Multipliers are comprised of direct, indirect, and induced components:
• Direct effects: The change in commercial fishing business revenues or recreational fishing trip spending. In determining the impact from the oil spill, direct
effects estimate either the foregone value of commercial catch or the foregone
expenditures associated with canceled recreational fishing trips.
• Indirect effects: The change in spending by supplying industries that result from
the change in commercial catch or recreational fishing expenditures after the oil
Table 33.2 Average recreational fishing expenditure per unit catch and allocation of total
expenditure by state (2011–2016)
State
Average expenditure per catch ($1000/
metric ton)
Allocation of total expenditures
(%)
Alabama
$12.46
10.2
Florida (Gulf
Coast)
$18.39
46.5
Louisiana
$8.92
18.2
Mississippi
$7.87
2.8
Texas
$11.91
22.4
Total
$11.91
100.0
Average expenditure per catch for Texas imputed as the average for the Gulf of Mexico region and
missing values for Louisiana (2014–2016) were imputed as the average for the state in years 2011–
2013
C. Court et al.
regional economy from changes in final demand, which is the value of goods and
services produced and sold to final users (institutions) during a base year. Impacts
are defined using a variety of economic indicators including:
• Employment: Number of full-time and part-time jobs.
• Industry output: Total value of production, comprised of both the value of intermediate inputs and value added.
• Value added: An industry’s value of production over the cost of its purchased
inputs of goods and services required to produce its goods or services. Total
value added, also referred to as Gross Regional Product, is comprised of labor
income, other property income, and indirect business taxes.
• Labor income: Wages, salaries, and benefits paid to workers.
• Other property income: Income received from investments, such as corporate
dividends, royalties, property rentals, or interest on loans.
• Indirect business taxes: Payments to governments for excise taxes, sales taxes,
customs duties, and various fees, except for payroll and income taxes.
Region-specific multipliers estimated within regional economic models represent the total impact on the economy resulting from a change in final demand in the
affected industries. Output, value added, and labor income multipliers each represent the total dollar change in all industries due to a one-dollar change in final
demand, in this case, the landed value of commercial catch or recreational fishing
expenditures, while employment multipliers represent the change in number of jobs
in all industries per million dollars change in final demand. Multipliers are comprised of direct, indirect, and induced components:
• Direct effects: The change in commercial fishing business revenues or recreational fishing trip spending. In determining the impact from the oil spill, direct
effects estimate either the foregone value of commercial catch or the foregone
expenditures associated with canceled recreational fishing trips.
• Indirect effects: The change in spending by supplying industries that result from
the change in commercial catch or recreational fishing expenditures after the oil
Table 33.2 Average recreational fishing expenditure per unit catch and allocation of total
expenditure by state (2011–2016)
State
Average expenditure per catch ($1000/
metric ton)
Allocation of total expenditures
(%)
Alabama
$12.46
10.2
Florida (Gulf
Coast)
$18.39
46.5
Louisiana
$8.92
18.2
Mississippi
$7.87
2.8
Texas
$11.91
22.4
Total
$11.91
100.0
Average expenditure per catch for Texas imputed as the average for the Gulf of Mexico region and
missing values for Louisiana (2014–2016) were imputed as the average for the state in years 2011–
2013
C. Court et al.