NATURAL RESOURCE SUPPLY CONSTRAINTS AND REGIONAL ECONOMIC ANALYSIS: A COMPUTABLE GENERAL EQUILIBRIUM APPROACH

Table 1. The Northeast Oregon Regional Economy--1997

(Baker, Grant, Umatilla, Union, and Wallowa Counties)

FULL AND PART-TIME EMPLOYMENT__________	________________State________________		_______Region_______
FULL AND PART-TIME EMPLOYMENT__________	_______Jobs_________	Percent_____	_______Jobs_____	Percent
Livestock Related	24,461	1.5	5,353	8.9
Other Agriculture	42,454	2.6	3,744	6.3
Food Processing	25,053	1.6	2,792	4.7
Logging and Wood Processing	81,074	5.0	4,101	6.8
Other Ag. & Nat. Res.	26,110	1.6	1,484	2.5
Other Employment	1,420,848	87.7	42,294	70.8
Total	1,620,000________	100_______	59,768	100

(Source: IMPLAN and Bureau of Economic Analysis, Regional Economic Information System, U.S. Dept.
of Commerce, Washington, D.C. [REIS CD-ROM])

Table 2. Main Features of Alternative Modeling Specifications

Model Type	Labor Supply	Other Factor Supplies	Savings-Investment Behavior	Comments
Short-run CGE	Perfectly Elastic Regional Labor Supply; Fixed Wage Rate	Fixed Sector Supplies of “Capital” and “Proprietors;” Endogenous Factor Returns	Fixed Investment Level (maintained by variation in flow of outside funds)	“Labor” is intersectorally mobile.
Intermediate-run CGE	Perfectly Elastic Regional Labor Supply; Fixed Wage Rate	Same as Above	Fixed Investment Level (maintained by variation in flow of outside funds)	Same as above except “Labor” is also interregionally mobile.
National Price Effect CGE	Same as Above	Same as Above	Same as Above	Log prices and Wood Product price assumed to increase nationally.