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The Exploitation of Coal as an Engine for Growth in Eastern Kentucky – An Input-Output Study

Published online by Cambridge University Press:  28 April 2015

Nasser Sherafat ,
Angelos Pagoulatos  and
Kurt R. Anschel
Nasser Sherafat
Affiliation:
Agricultural Economics, University of Kentucky
Angelos Pagoulatos
Affiliation:
Agricultural Economics, University of Kentucky
Kurt R. Anschel
Affiliation:
Agricultural Economics, University of Kentucky
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Extract

Historically, the economic problems of Appalachia have been closely linked to the problems of the coal industry, which, with its boom and bust cycles, often has intensified the conditions of poverty, unemployment, out-migration, and capital flight from the area. For more than a decade it has been national economic policy “to develop in Appalachia a self-sustaining economy capable of supporting the people with rising incomes, improving standards of living and increasing employment opportunities” [1, p. 64]. It has been widely hypothesized that this societal goal will be achieved through exogenous increases in demand for coal as the result of its substitution for other energy sources. Therefore a study was made of the impacts of the increased demand for coal on the economies of the 18 coal-producing counties in Appalachian Kentucky.

Type
Research Article
Information
Journal of Agricultural and Applied Economics , Volume 10 , Issue 2 , December 1978 , pp. 81 - 86
Copyright
Copyright © Southern Agricultural Economics Association 1978

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References

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