Integrated Economic and Environmental Assessment of Regional Development Projects

                                                              
  Agricultural Economics
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                                                                                                Tutorial  

                     The input-output model can be used to analyze the direct and indirect effects of any conservation/development project

                 in the Michigan River Watershed. In order to do that  first we will need to prepare the estimated project cost sheet. The

                 year for which we want to estimate the effects can be selected using the drop down menu as shown in the picture. 

                             

                 The average Annual wage rate is kept at 42304 dollars/year but can be changed as per our estimation. The estimated

               Labor Cost can be filled in the given box ,which gets automatically added up in the project cost analysis sheet as shown.

 

                    

                       

 

                  

                In order to add other project cost estimates we will need to search the required sector in the box given. The search can

                be done using various keywords like the coal,steel,cement etc.

 

                     

                      

 

               The required sector can be selected using the drop down menu and the estimated cost can be filled in the box given.

               The selected sector can be added up in the cost sheet by clicking on the Add button.

 

 

 

                      

 

 

                      

 

 

                The corresponding sector then adds up in the cost sheet as shown below.

 

 

                     

 

 

               At any time if we want to delete cost estimate for any sector then that can be done by checking the box opposite

               to corresponding sector and clicking on the Delete Selected Project Cost Estimate box as shown. The cost sheet

               automatically gets updated with the changes made.

 

               

                    

 

 

              After the completion of estimated project cost sheet the various Economic and Environmental impacts of the project 

              can be analyzed by checking the appropriate radio buttons and then clicking on Perform Analysis button. The Induced

              Effects can be included in the analysis by checking the box as shown.

 

 

                   

 

 

            The sample result is shown below.The summary can be sorted by the components and also by the number of results shown.

 

                             

                  

 

               

             The data can be saved in excel or text files or also in printer friendly version. The Project cost inputs can be 

             added up in the data sheet by checking the box as shown. Please check the Method used in the model for reference.

 

 

                                                                                     

                                            

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               © 2004, Dr. Satish Joshi, Department of Agricultural Economics, Michigan State University