Economic Analysis of Cache County, Utah: An Input-Output Approach

The purpose of this paper is to discuss the theory of input-output analysis, its applications, and its empirical implementations to the Cache County economy. The historical development, the static open input-output vii model, and the dynamic input-output analysis are presented in the theoretical discussion, and emphasis is made on the empirical applications of the model to structural analysis, forecasting, developmental planning, and regional analysis. In the empirical implementation of the model to the Cache County economy, the 1971 total output is estimated, the Cache County total output is projected to 1981, the output and income multipliers are computed, and the total impact of the Utah State University and USU students on Cache County economy is determined.