A Comparative Analysis of Trends and Sources of wealth income in

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Trends in Wealthdriven communities:
Teton County
Wyoming.
by
Dr. Roger Coupal
University of Wyoming
PCI 2010
Ave. Earn./Job
Teton, WY
(2) 94,672
(541) 39,030
New York, NY
(1)111,386
(1) 90,513
Marin, CA
(4) 82,936
(53) 55,741
Pitkin, CO
(7) 76,318
(264) 43,917
Wyoming
43,568
46,442
Montana
33,727
37,506
Colorado
41,388
50,130
Washington
41,837
54,445
Teton Co., Wy
Marin Co., Ca
Loving Co., Tx
New York, NY
Teton Co., Wy
Marin Co., Ca
Loving Co., Tx
Sully Co., SD
New York, NY
Source and Distribution of Wealth Income
• What generates wealth income?
• Resource base?
• Agglomeration effects?
Modeling framework*
DIRreg
DIRrus
OPIreg
OPIrus
*Source: Dr. David Holland
Preliminary Econometric Results
Long run (1969-2009)
Pre-boom (1969-1999)
Long run (1969-2009)
DIR Teton Co.
Pre-boom (1969-1999)
DIR Co
R2
0.9686
0.9803
R2
0.9714
0.9688
OPI Teton Co.
-0.0387382
0.2464057
OPI Co
0.2925409
0.0329359
-0.38
2.36
7.4
0.36
0.1040278
2.75319
1.274403
1.44379
25.67
2.36
17.78
11
2.670193
2.75319
-5.215522
-5.024521
25.67
29.56
-6.44
-4.75
-26.8425
-30.55175
-21.5
-32.08
OPI Wy
OPI rusa
const
DIR Wy
R2
0.9561
0.9797
OPIWy
0.3128559
0.3607295
12.61
10.02
1.172472
1.148256
0.0555415
0.0391768
-5.357344
-5.430031
-6.84
-11.64
OPI rusa
const
OPI rusa
const
DIR Id
R2
0.9578
0.969
OPI Id
0.4127298
0.3591732
10.56
8.31
1.139174
1.045252
17.57
18.8
-5.357454
-3.523175
-6.5
-5.89
OPI rusa
const
DIR Wa
R2
0.966
0.9704
OPI Wa
0.2675451
0.419087
5.63
3.44
1.268773
0.9512583
16.65
6.47
-4.60577
-1.627134
-5.58
-1.71
OPI rusa
const
Conclusions
•
•
•
•
•
Counties like Teton County, Wy have drivers that make it very
different place relative to other regions:
Higher employment than population, so commuting is a major
factor
Wealth income is the dominant driver but potential re-spending
effects are likely minimal.
Potential avenue for building investment groups such as “Angel
Investors”
Should we care what happens? Probably not. Its relevance is
highly limited
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