trends in wealth-driven communities: teton county wyoming
DESCRIPTION
Trends in Wealth-driven communities: Teton County Wyoming. . by Dr. Roger Coupal University of Wyoming. Teton Co., Wy. Loving Co., Tx. Marin Co., Ca. New York, NY. Teton Co., Wy. Loving Co., Tx. Sully Co., SD. Marin Co., Ca. New York, NY. Source and Distribution of Wealth Income. - PowerPoint PPT PresentationTRANSCRIPT
Trends in Wealth-driven
communities: Teton County Wyoming.
byDr. Roger Coupal
University of Wyoming
PCI 2010 Ave. Earn./JobTeton, WY (2) 94,672 (541) 39,030
New York, NY (1)111,386 (1) 90,513Marin, CA (4) 82,936 (53) 55,741Pitkin, CO (7) 76,318 (264) 43,917Wyoming 43,568 46,442Montana 33,727 37,506Colorado 41,388 50,130
Washington 41,837 54,445
Teton Co., Wy Loving Co., Tx
New York, NYMarin Co., Ca
Teton Co., Wy Loving Co., Tx
New York, NYMarin Co., Ca
Sully Co., SD
Source and Distribution of Wealth Income
•What generates wealth income?•Resource base?•Agglomeration effects?
DIRreg DIRrus
OPIrusOPIreg
Modeling framework*
*Source: Dr. David Holland
Preliminary Econometric ResultsLong run (1969-2009) Pre-boom (1969-1999)
DIR Teton Co.
R2 0.9686 0.9803
OPI Teton Co. -0.0387382 0.2464057
-0.38 2.36
OPI Wy 0.1040278 2.75319
25.67 2.36
OPI rusa 2.670193 2.75319
25.67 29.56
const -26.8425 -30.55175
-21.5 -32.08
DIR Wy
R2 0.9561 0.9797
OPIWy 0.3128559 0.3607295
12.61 10.02
OPI rusa 1.172472 1.148256
0.0555415 0.0391768
const -5.357344 -5.430031
-6.84 -11.64
Long run (1969-2009) Pre-boom (1969-1999)
DIR Co
R2 0.9714 0.9688
OPI Co 0.2925409 0.0329359
7.4 0.36
OPI rusa 1.274403 1.44379
17.78 11
const -5.215522 -5.024521
-6.44 -4.75
DIR Id
R2 0.9578 0.969
OPI Id 0.4127298 0.3591732
10.56 8.31
OPI rusa 1.139174 1.045252
17.57 18.8
const -5.357454 -3.523175
-6.5 -5.89
DIR Wa
R2 0.966 0.9704
OPI Wa 0.2675451 0.419087
5.63 3.44
OPI rusa 1.268773 0.9512583
16.65 6.47
const -4.60577 -1.627134
-5.58 -1.71
Conclusions
• Counties like Teton County, Wy have drivers that make it very different place relative to other regions:
• Higher employment than population, so commuting is a major factor
• Wealth income is the dominant driver but potential re-spending effects are likely minimal.
• Potential avenue for building investment groups such as “Angel Investors”
• Should we care what happens? Probably not. Its relevance is highly limited