Economic Impacts of Carlsbad Caverns National Park on the Local (Eddy County, NM) Economy, 2002
Stynes D. 2003. Economic Impacts of Carlsbad Caverns National Park on the Local (Eddy County, NM) Economy, 2002. Michigan State University. East Lansing, MI
This report estimates the local economic impacts of Carlsbad Caverns National Park. The park contributes to economic activity in the area through visitor spending and park operations. Impacts are estimated using the Money Generation Model (MGM2) along with park visitation and budget information for 2002 provided by the park. The MGM2 model estimates spending by each of four visitor segments using park visitation figures, estimates of the share of park visitors from each segment, and a per day average spending figure for each segment. Spending is itemized in eleven categories and applied to a set of multipliers and economic ratios representing the Eddy county economy. The MGM2 “medium” spending profiles and rural area multipliers are the basis for Carlsbad Caverns.
- Type
- Published Report
- Authors
- Stynes, Daniel J
- Date of Issue
- 2003-02
- Publisher
- Michigan State University
- Units
- CAVE
- Keywords
- Concessions, Economic Impact, MGM2, Money Generation Model, Social Science, Visitor Spending, Visitor Statistic