EVALUATING THE SHORT- AND LONG-RUN ECONOMIC IMPACTS OF THE VIRGINIA-MARYLAND REGIONAL COLLEGE OF VETERINARY MEDICINE

Colleges of veterinary medicine are often asked to provide evidence of the economic impacts of their activities. This paper presents methods for evaluating a veterinary college and applies them to the Virginia-Maryland Regional College of Veterinary Medicine. It assesses short-run impacts on income and employment using input-output analysis. Long-run benefits are estimated using a combination of economic surplus analysis, travel cost analysis and demand estimation, animal-owner willingness-to-pay based on a survey of practicing veterinarians, and earnings differentials.


Issue Date:
2001-04
Publication Type:
Journal Article
PURL Identifier:
http://purl.umn.edu/15297
Published in:
Journal of Agricultural and Applied Economics, Volume 33, Number 1
Page range:
49-57
Total Pages:
9




 Record created 2017-04-01, last modified 2017-08-23

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