Arizona State and Local Government Documents Collection

The 2016 College Football Playoff National Championship Game was held on January 11, 2016, in Glendale, Arizona. The W. P. Carey School of Business at Arizona State University was commissioned to conduct an economic impact assessment of the Game and events surrounding it, including the impact of direct and indirect visitor and organizational expenditures. This study utilized multiple research, survey and analytical methodologies. This report will outline the methodologies used and the results obtained in the study and the economic impact. 

This study examines the economic impact of the Central Arizona Project (CAP) to the State of Arizona in two aspects: the construction of CAP, 1973‐1993; and the impact of CAP's water supply delivery operations, 1986‐2010. A modified IMPLAN input‐output model for the State of Arizona is used to implement both analyses. The economic impacts for each analysis are assessed in terms of gross state product (GSP) and employment.

For those interested in one of the most extreme state tax and expenditure limitations, TABOR – Colorado’s initiative that limits the funding of most expenditures to annual revenue growth restrained by the sum of annual population growth and inflation rates – would seem to be exactly the right choice. To some, the initiative simply limits government to spend within its means. However, the analysis in this paper reveals that, true to the language in the 1992 Colorado initiative, TABOR limits government growth, and over time the public sector, as a share of the overall economy, declines sharply – crowding out opportunities for investments in strategic initiatives or opportunities for tax reform that may be popular with large voter constituencies or the business community. Advocates point out that provisions in TABOR do allow for voter overrides, but these are costly in both time and money, and until the overrides take place, government is
hamstrung. A simpler, more efficient alternative would be to elect fiscally conservative legislators and hold them accountable for prudent fiscal decisions that strike the right balance between a tax base conductive to economic growth and strategic investments that provide public sector infrastructure, nurturing the business climate and promoting the health and well-being of the citizenry. The paper first outlines the TABOR amendment in Colorado and examines its fiscal consequences for that state. It then examines the potential impact of a TABOR in Arizona.

The research for this report was conducted in two phases. The first phase analyzed the change in national job quality using multiple datasets, going back as far as 1970. In addition, the level and change in job quality was estimated for one state (Arizona). Some inconsistencies in the measurement of job quality exist across datasets. Complete results of this analysis, with a strong focus on Arizona data, are available in the report "Job Quality in Arizona". The second phase analyzed data for all states but was limited to two datasets, one presenting industrial data, the other occupational data. Because of the limited availability of state data by occupation, the time period analyzed was restricted to the years 2000 and 2003. The level of job quality in 2003 and the change between 2000 and 2003 are presented. The findings of the second phase, initially reported in "Job Quality in Arizona Compared to All States", are included in the current report, excluding detail provided for Arizona in the original report. Additional national and regional analyses are included in the current report.

The best way to evaluate job quality would be to analyze a dataset that presents both occupational and industrial data, but the only dataset of this nature available by state comes from the decennial census. It is severely limited by small sample size, the latest data are for 1999, and the 1999 data are not consistent with the 1989 data. Thus, the initial work by the Seidman Institute on job quality ("Job Quality in Arizona", March 2005, presented data on Arizona job quality from several sources of either industrial or occupational data. "Job Quality in Arizona Compared to All States" is an extension of the March 2005 report. Arizona’s job quality in the latest year and its change over time is compared to the national average and is ranked among the 51 “states” (including the District of Columbia).

The theory of factor market distortions deals largely with taxing inputs. However, input subsidies are not only common in manufacturing. For example, U.S. agriculture is heavily dependent on input subsidies.
If water subsidies in the production of California cotton were removed, along with commodity payments, production of cotton in California would likely cease. Likewise, transportation subsidies were common in both the U.S. and Canada, and still prevail in the U.S.

Contains a dynamic programming algorithm for projecting policy parameters based on a storage model of international markets featuring uncertainty, forward-looking rational expectations and non-negative storage. This algorithm is motivated by the need for a non-analytical solution to the competitive equilibrium in a storage model of U.S. and foreign cotton policy regimes. Obtaining an analytical solution is difficult, except in a limited number of special cases. The numerical solution algorithm essentially consists of multiple nested numerical approximations that reach convergence simultaneously when the relationship between domestic storage and expected farm price achieves stationarity. Given the stationary relationship between storage and expected farm price, we then run the model forward in time (given a sequence of annual realized yield disturbances) under alternative policy regimes representing FACT and FAIR.

This paper provides a methodology that can be used to weigh the costs and benefits of precision agriculture in the measurement and application of variable-rate production technology. Empirical estimates of the economic value of precision farming in the form of variable-rate fertilizer application to corn fields in the mid-western United States are calculated and compared to the current cost of investing in this technology. The results of this study indicate that the use of precision technology in the application of fertilizer for corn production in the United States is not profitable over a relatively wide range of corn prices, nitrogen prices, and agronomic differences in soil characteristics.

In 1995/96, the government of Turkey imposed an export tax of 20 cents/kg on Aegean cotton and an ad-valorem import duty of one percent on non-aegean cotton. The simulation results for the Aegean market indicate that consumers gained $44.5 million in consumer surplus because the export tax reduced the purchase price of Aegean cotton. The Turkish government extracted export tax revenue equal to $11.6 million, but provided water, fertilizer, and credit subsidies equal to $22.2 million. Producers lost $35 million in producer surplus due to the lower domestic price caused by the export tax. However, while these numbers represent large transfers from producers to consumers, the net inefficiency due to government distortions amount to only $1.14 million in the Aegean market. Adding this number to the dead-weight loss of only $790,000 obtained from the non-Aegean market simulation, the net inefficiency caused by government intervention in Turkish raw cotton markets was only $1.93 million in 1995/96. If one considers that cotton producers in Turkey realized gross revenue of over $1.4 billion across all markets in 1995/96, the results of the analysis seems to indicate that the income transfer associated with Turkish government programs is not very inefficient.