The initial $1.4 billion construction investment results in an immediate addition of $828 million to GSP and $700 million in labor income after controlling for resource and material acquisition from out-of-state sources. The in-state activity induces additional GSP generation of $1.1 billion and $711 million in labor income as the direct effects ripple through the Arizona economy.
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- The Economic Impact of $1.4 Billion of University Construction Projects on the State of Arizona: A Report From the Office of the University Economist
- Hoffman, Dennis (Author)
- Rex, Tom (Author)
- Center for Competitiveness and Prosperity Research (Contributor)
- Identifier TypeLocally defined identifierIdentifier Valueazdocs: ASU 8.2:E 25/4/2008
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Hoffman, Dennis, and Tom Rex. The Economic Impact of $1.4 Billion of University Construction Projects on the State of Arizona: A Report from the Office of the University Economist (Tempe, Arizona: Center for Competitiveness and Prosperity Research, L. William Seidman Research Institute, W.P. Carey School of Business, Arizona State University, 2008)