Holland, David W.

By: McCullough, Michael; Holland, David W.; Painter, Kathleen M.; Stodick, Leroy; Yoder, Jonathan K.
A computable general equilibrium model is used to analyze the effectiveness of policy alternatives at achieving biofuel-related goals in Washington State. Policy regimes compared include blend mandates, generally funded volumetric and CO2e (CO2 equivalent) emissions-based tax/subsidy regimes, and revenue-neutral funded tax/subsidy regimes that use fossil fuel taxes to fund renewable fuel subsidies. Results suggest that a revenue-neutral CO2e emissions-based tax/subsidy is arguably the most effective single alternative for pursuing the full set of objectives emphasized in recent Washington State legislation.
By: Devadoss, Stephen; Holland, David W.; Stodick, Leroy; Ghosh, Joydeep
The discovery of the first case of mad cow disease in the United States in 2003 reverberated across the beef and cattle industry. This study employs a general equilibrium model to analyze the potential economic effects of mad cow disease on the beef, cattle, and other meat industries under three scenarios, ranging form most favorable to most pessimistic. The scenario with 90% foreign demand decline and 10% domestic demand reduction generates results consistent with the actual outcomes after the mad cow disease outbreak. Only if domestic demand declines significantly will the economic hardship in the U.S. beef and cattle industry be very large.
By: Coupal, Roger H.; Holland, David W.
Electric power markets are being deregulated nationwide with different impacts depending upon current policies and historical circumstances from region to region. The Pacific Northwest, with its historic abundance of low-cost hydropower and dependence on public power, with experience deregulation and conditioned by this legacy. This analysis focuses on the economic impacts of deregulation on the State of Washington. A 31-sector computable general equilibrium model is used to evaluate the impacts of Washington's economy. In a most likely scenario, electricity exports expand to high-priced regions. The impact on the state economy is a reduction in gross state product as a result of high electricity prices. Returns to capital increase, but returns to private capital and to labor decrease because much of the financial gain accrues to public power.
By: Waters, Edward C.; Weber, Bruce A.; Holland, David W.
Most studies of a state's economic base count as "basic" only the "traditional" exports of goods, federal spending, and business investment. "Nontraditional" elements of the economic base (including exports of services, federal transfers to state/local governments and households, and extraregional property income) are typically ignored. We construct a social accounting matrix (SAM) for Oregon and estimate Oregon's economic base accounting for both traditional and nontraditional elements. Almost 20% of Oregon's jobs depend on extraregional income to households (including government transfers and outside property income), 11% depend on lumber and wood and paper products, and 8% depend on agriculture.
By: Waters, Edward C.; Holland, David W.; Weber, Bruce A.
A core-periphery, multiregional, input-output model of western Oregon is used to estimate impacts of periphery timber harvest reductions resulting from listing of an endangered species. Under the most probable scenario, 31,620 total jobs would be lost in the two regions. Fourteen percent of this impact is absorbed in the core (Metro) region. Forty percent of periphery and 80% of Metro jobs lost are from service sectors, a result of important core-periphery trade in central place services. Explicit inclusion of unemployment benefits for displaced workers reduces employment loss estimates by 12% to 14%.