Trends in Wealth-driven communities_ Teton County Wyoming

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					 Trends in Wealth-
driven communities:
    Teton County
     Wyoming.
               by
       Dr. Roger Coupal
     University of Wyoming
               PCI 2010      Ave. Earn./Job
 Teton, WY      (2) 94,672     (541) 39,030
New York, NY    (1)111,386        (1) 90,513
 Marin, CA      (4) 82,936       (53) 55,741
 Pitkin, CO     (7) 76,318     (264) 43,917
  Wyoming           43,568           46,442
  Montana           33,727           37,506
  Colorado          41,388           50,130
Washington          41,837           54,445
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



• What generates wealth income?
  • Resource base?
  • Agglomeration effects?
                      Modeling framework*



                     DIRreg            DIRrus




                     OPIreg            OPIrus




*Source: Dr. David Holland
                                       Preliminary Econometric Results
                Long run (1969-2009)         Pre-boom (1969-1999)              Long run (1969-2009)   Pre-boom (1969-1999)

                             DIR Teton Co.                                                  DIR Co

R2              0.9686                       0.9803                 R2         0.9714                 0.9688

OPI Teton Co.   -0.0387382                   0.2464057              OPI Co     0.2925409              0.0329359

                -0.38                        2.36                              7.4                    0.36

OPI Wy          0.1040278                    2.75319                OPI rusa   1.274403               1.44379

                25.67                        2.36                              17.78                  11

OPI rusa        2.670193                     2.75319                const      -5.215522              -5.024521

                25.67                        29.56                             -6.44                  -4.75

const           -26.8425                     -30.55175                                       DIR Id

                -21.5                        -32.08                 R2         0.9578                 0.969

                                DIR Wy                              OPI Id     0.4127298              0.3591732

R2              0.9561                       0.9797                            10.56                  8.31

OPIWy           0.3128559                    0.3607295              OPI rusa   1.139174               1.045252

                12.61                        10.02                             17.57                  18.8

OPI rusa        1.172472                     1.148256               const      -5.357454              -3.523175

                0.0555415                    0.0391768                         -6.5                   -5.89

const           -5.357344                    -5.430031                                      DIR Wa

                -6.84                        -11.64                 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

				
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posted:4/21/2014
language:English
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