/
Kentucky Economics Association Kentucky Economics Association

Kentucky Economics Association - PowerPoint Presentation

lois-ondreau
lois-ondreau . @lois-ondreau
Follow
390 views
Uploaded On 2015-10-10

Kentucky Economics Association - PPT Presentation

October 2014 Paul Coomes PhD Emeritus Professor of Economics University of Louisville Nine Economic Regions of Kentucky provocative facts policy challenges for future What was Kentuckys ID: 156607

counties kentucky county lexington kentucky counties lexington county louisville region regions market bowling total income green state mountain hopkinsville northern highest economic

Share:

Link:

Embed:

Download Presentation from below link

Download Presentation The PPT/PDF document "Kentucky Economics Association" is the property of its rightful owner. Permission is granted to download and print the materials on this web site for personal, non-commercial use only, and to display it on your personal computer provided you do not modify the materials and that you retain all copyright notices contained in the materials. By downloading content from our website, you accept the terms of this agreement.


Presentation Transcript

Slide1

Kentucky Economics Association

October 2014Paul Coomes, Ph.D.Emeritus Professor of EconomicsUniversity of Louisville

Nine Economic Regions of Kentucky

provocative facts, policy challenges for futureSlide2

What was Kentucky’s 1958 rank among states in terms of earned per capita income?

32nd

38

th

46

th

50th

Slide3

Kentucky’s rank among 50 statesPersonal income minus transfer payments, per capita

1958: 46th

2013: 46

th

Thank goodness for

West

Virginia, Mississippi

, South Carolina, and Arkansas.Slide4
Slide5

Regional Economic Development in KentuckyWhere are we? Where have we been? Where are we going?Talking about the per capita income of

Kentuckians is like talking about the average elevation of Colorado. It is the variation around the average that is interesting.The State of Kentucky is not an economy in any meaningful sense – not a labor market, not a housing market, not a retail market, not a media market. States, counties, municipalities are political and administrative entities.

While

a county is closer than a state to a market boundary, most markets encompass many counties. Consider

television market areas

(the ABC, CBS, NBC network broadcast territories

).Slide6

Television Market Boundaries

The maps linked below were retrieved from the U.S. Census Bureau web site (http://quickfacts.census.gov/qfd/) and altered to show TV markets by county. The TV Market information was derived from pictures once available on the now defunct www.echostarmerger.com

, select TV station web sites and other sources on the web.  At no time was the Nielsen Media Research Co. web site nor any other material directly attached to same ever consulted

The

TV Market borders change slightly every September.  The most if not all the maps linked below are current as of the 2006-2007 season. The map above is derived from information retrieved in the 2002-2003 season and is there for historical purposes

. If

you have any questions, comments or corrections, please e-mail me at

tvmarkets@echostaruser.com

KY is somewhere in here. TV stations don’t care.Slide7

http://dishuser.org/TVMarkets/Maps/kentucky.gif9  Available on Dish Network:  Bristol (TN/VA)

Cincinnati (OH), Charleston/Huntington (WV), Evansville (IN), Knoxville (TN), Lexington, Louisville,

Nashville (TN)

,

Paducah

1

Not Available on Dish Network:  Bowling Green

Somerset: cable provides WBIR-NBC from Knoxville TN

Bowling Green: CBS broadcast is from WTVF in Nashville TN

10 Television Market Boundaries around Kentucky

a

ll except Lexington and Bowling Green stations are multi-stateSlide8

A Google Map View

Cincinnati- Northern Kentucky

Ashland-Huntington-Charleston

Lexington

Bowling Green-Hopkinsville-Nashville

Paducah-Purchase

Evansville-Owensboro-Henderson

Louisville-Elizabethtown-Southern Indiana

Mountain

Stylized economic regions based on major cities, TV markets, and terrain.

Somerset-Cumberland-KnoxvilleSlide9

Developing Useful Economic Development GeographiesDetailed County Assignments to Nine Regions

Thankfully, the Census Bureau gives us a good start by defining metropolitan, micropolitan, and combined statistical areas based on employment interchanges between counties.

For example, the Frankfort, Mt. Sterling, and Richmond

micropolitan

areas are part of the Lexington Consolidated Statistical Area. Using these definitions, we can assign 48

of Kentucky’s 120 counties

to one of the nine economic regions

.Slide10

The hard part is looking at counties at the margins of the major market areas, and assigning them to one economic region. I look at television markets and commuting patterns from the Census Bureau’s American Community Survey 2006-2010. For example, where to assign Danville and its two

micropolitan counties – Boyle and Lincoln? Both counties receive television from the Lexington market.

Top external destinations for work of Boyle + Lincoln residents:

Mercer (1,056 + 372) = 1,428

Fayette (811 + 429) = 1,240

Jessamine (368 + 457) = 825

Pulaski ( 54 + 517) = 571 Garrard (257 + 250) = 507 Franklin (187 + 155) = 342

Mercer, the top destination, and Garrard are also served by the Lexington TV market. Fayette, Jessamine and Franklin are in the Lexington CSA. So, assign Boyle, Lincoln, Mercer and Garrard to the Lexington region.

Note there is a pull towards Pulaski County from Lincoln County. So, assignment is not perfect.Slide11
Slide12

Louisville

Cincinnati

New York

Destin

NaplesSlide13

Which of the nine regions is the most densely populated?

Louisville

Northern Kentucky

Mountain

Lexington

Slide14

Northern Kentucky and Louisville regions

three times

more dense than five most sparse regions:

e

conomies of scale in cost of delivering public services (e.g., schools, safety, roads, health care).Slide15

Top three counties over 30 times more dense than sparsest counties.Slide16

Which of the nine regions has the least population growth this decade?

Mountain

Cumberland

Paducah - Purchase

Louisville

Slide17

This decade so far

declining population at tails of stateSlide18

This decade so farSlide19

This decade so far

m

ore deaths than birthsSlide20

Mountain region was third most populated; now is fifth, and heading towards seventh.

Regions contain 28 counties, with combined population less than that of Jefferson CountySlide21

Peak: 408,000 in 1983

Net loss of 76,000 since 1983Slide22

Net loss of 76,000 since 1983

Net gain of 49,000 since 1983Slide23

Which region has the highest income from farming?

Owensboro-Henderson

Bowling Green - Hopkinsville

Cumberland

Lexington

Slide24

Equine…

Grain, poultry, livestockSlide25

Which region has the highest income from mining?

Owensboro-Henderson

Paducah - Purchase

Mountain

Lexington

Slide26

Mountain and Owensboro-Henderson regions ($1.7 billion) account for 75% of Kentucky totalSlide27

Which region has the highest income from manufacturing?

Louisville

Ashland

Lexington

Northern Kentucky

Slide28

Louisville and Lexington regions ($9 billion) account for 58% of Kentucky totalSlide29

Louisville accounts for 44% of state total.

Louisville,

NKy

, Lexington regions combined account for 66% of Kentucky totalSlide30

Louisville region accounts for 46% of state total.

Louisville, Lexington,

Nky

regions combined account for 79% of Kentucky totalSlide31

Which region has had the

strongest job growth

since the bottom of the 2008-09 recession?

Lexington

Bowling Green - Hopkinsville

Paducah - Purchase

Ashland

Slide32
Slide33
Slide34

Which region has had the

highest ratio of employed persons to population

?

Lexington

Bowling Green - Hopkinsville

Northern Kentucky

Louisville

Slide35

u

rban, dense

rural, sparseSlide36

Less than one-third employedSlide37

Which region accounts for the largest share of private industry payrolls in Kentucky?

Louisville

Bowling Green - Hopkinsville

Lexington

Northern Kentucky

Slide38

70% of private

payrolls in Kentucky from three of the nine regions: your tax base.Slide39

u

rban, dense

rural, sparseSlide40

Four counties account for one-half of Kentucky total private sector income

Note: all top counties are urban, except Scott (Toyota)Slide41

Which of the nine regions has the highest government payroll per capita?

Lexington

Bowling Green - Hopkinsville

Louisville

Mountain

Slide42

Fort Campbell

Frankfort

Fort KnoxSlide43

In twelve counties, over 40% of earnings from government employment.

Two counties – Christian and Hardin – dominated by military.

Franklin is home state government.

Lyon County: KY State Penitentiary at Eddyville.

Other eight are all in eastern Kentucky.Slide44

Which region has the highest transfer payments per capita?

Lexington

Paducah - Purchase

Ashland

Mountain

Slide45

Mountain: $3.9 billion total, or

40% of personal income

Cumberland: $3.2 billion total, or

38%

of personal income

NKY: $3.1 billion total, or

17%

of personal incomeSlide46
Slide47

Mountain and Cumberland regions much more dependent in 2012 than in 1969.Slide48

3 counties above 50%

28 counties 40% or higher

National average is 18%Slide49
Slide50

Top 18 counties are in eastern KentuckySlide51

Which region has the highest rate of high school graduates?

Lexington

Owensboro - Henderson

Northern Kentucky

Bowling Green - Hopkinsville

Slide52
Slide53

Which region has the highest rate of college graduates?

Lexington

Louisville

Northern Kentucky

Bowling Green - Hopkinsville

Slide54
Slide55

Nostalgia Economics

Agriculture and Mining’s Share of Labor Income

Includes tobacco, corn, soybeans, equine, cattle, pork, chickens, logging, coal mining, oil and gas production……Slide56

1780 - 1912

“The original motivation for having so many counties was to ensure that residents in the days of poor roads and horseback travel could make a round trip from their home to the county seat and back in a single day, as well as being able to travel from one county seat to the next in the same fashion”

Counties

, The Kentucky Encyclopedia, John E.

Kleber

, editor, The University Press of Kentucky, 1992.

Kentucky’s 120 counties, the most per square mile of any state

Pike is largest, 788 sq. mi.

Average county size is 330 square miles, so if county seat is central, a horse could make the round trip from border in

5-6 hours

.

Horse, at 4 MPH, would

t

ake 16+ hours to get from Majestic to Pikeville and backSlide57

Constitution requires each county to have County judge, county court clerk, county attorney, county treasurer, county sheriff, jailer, coroner, surveyor, three to eight justices of the peace, and three to eight constables. In

counties; where the fiscal court is composed of commissioners, three commissioners must also be elected The state also pays for a county attorney, PVA, jails, DMV, in every county.How far could a Kentucky resident travel today, round trip, in 6 hours?

Well, three hours each way, averaging 45 MPH, would be 135 miles. For a round region, that would imply a government center serving

57,000 square miles

, larger than Kentucky’s total of 40,000 square miles.

The largest economic region is Lexington, with 6,800 square miles and 26 counties. The longest travel time round trip, using a car at 45 MPH, would be 4 hours. So, transportation improvements have allowed access to a ‘local’ government center to be the same now for a region containing 26 counties as it was 200 years ago for one county.Slide58

Thank you!Go to http://kentuckyeconomicassociation.org

/ to download a copy of this presentation.