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  4. ECONOMIC DEVELOPMENT THROUGH SOCIAL WELFARE: UNRAVELING THE ECONOMIC SIGNIFICANCE OF THE SOCIAL ASSISTANCE SECTOR IN 2017 NEW YORK STATE

ECONOMIC DEVELOPMENT THROUGH SOCIAL WELFARE: UNRAVELING THE ECONOMIC SIGNIFICANCE OF THE SOCIAL ASSISTANCE SECTOR IN 2017 NEW YORK STATE

File(s)
Huang_cornell_0058O_11931.pdf (655.18 KB)
Thesis_data.xlsx (410.28 KB)
Permanent Link(s)
https://doi.org/10.7298/15h2-np78
https://hdl.handle.net/1813/114524
Collections
Cornell Theses and Dissertations
Author
Huang, Junbo
Abstract

This thesis employs the input-output (IO) model to quantify the economic significance of the social assistance sector in 2017 New York state’s economy. Results demonstrate that investments in this sector have moderate indirect impacts due to limited inter-sectoral purchases. However, when households are endogenized as an economic sector, the social assistance sector yields notably high induced impacts. These high induced impacts are attributable to the sector's high labor compensation and workers’ predominantly local spending. By comparing the social assistance sector with other industries, this thesis contests the economic base theory and challenges the embedded biases in IO multiplier calculations. It ultimately posits that the social assistance sector holds significant value for regional economy, labor mobilization, and human development. Though the latter two concerns cannot be measured in the IO model, the sector continues to demonstrate substantial contributions to the regional economy, underscoring its importance in the broader economic framework.

Description
41 pages
Supplemental file(s) description: Thesis data.
Date Issued
2023-08
Keywords
economic base theory
•
economic impacts
•
input output model
•
multiplier
•
social assistance services
•
social impact bonds
Committee Chair
Carruthers, John
Committee Member
Warner, Mildred
Degree Discipline
Regional Science
Degree Name
M.S., Regional Science
Degree Level
Master of Science
Type
dissertation or thesis
Link(s) to Catalog Record
https://newcatalog.library.cornell.edu/catalog/16219451

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