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HomeMy WebLinkAboutAPA824n 1 J l ~ l J J 1 1 ] J J J J HD 1 242.5 .A4 us no . 50 j MAlUNE & COASTAL HABITAT MANAGEMENT ALASKA DEPT. OF FISH & GA.\IE 333 Raspberry Road Anchor::!g~. A.lru:ka 99502 Technical ~eport Number 50 Alaska CS Socioeconomic Studies Program Sponsor: Bureau of Land Management Alaska 0 uter Continental Shelf Office ·Bering-Norton Petroleum Development Scenarios . - Economic and Demog·rap ·hic Aria lysis The United States Department of the Interior was designated by the Outer Continental Shelf (OCS) Lands Act of 1953 to carry out the majority of the Act's provisions for administering the mineral leasing and develop- ment of offshore areas of the United States under federal jurisdiction. Within the Department, the Bureau of Land Management (BLM) has the responsibility to meet requirements of the National Environmental Policy Act of 1969 (NEPA) as well as other legislation and regulations dealing with the effects of offshore development. In Alaska, unique cultural differences and climatic conditions create a need for developing addi- tional socioeconomic and environmental information to improve OCS deci- sion making at all governmental levels. In fulfillment of its federal responsibilities and with an awareness of these additional information needs, the BLM has initiated several investigative programs, one of which is the Alaska OCS Socioeconomic Studies Program (SESP). The Alaska OCS .Socioeconomic Studies Program is a multi-year research effort which attempts to predict and evaluate the effects of Alaska OCS Petroleum Development upon the physical, social, and economic environ- ments within the state. The overall methodology is divided into three broad research components. The first component identifies an alterna- tive set of assumptions regarding the location, the nature, and the timing of future petroleum. events and related activities. In this component, the program takes into account the particular needs of the petroleum industry and projects the human, technological, economic, and environmental offshore and onshore development requirements of the regional petroleum industry. The second component focuses on data gathering that identifies those quantifiable and qualifiable facts by which OCS-induced changes can be assessed. The critical community and regional components are identified and evaluated. Current endogenous and exogenous sources of change and functional organization among different sectors of community and region- al life are analyzed. Susceptible community relationships, values, activities, and processes also are included. The third research component focuses on an evaluation of the changes that could occur due to the potential oil and gas development. Impact evaluation concentrates on an analysis of the impacts at the statewide, regional, and local level. In general, program products are sequentially arranged in accordance with BLM' s proposed OCS lease sale schedule, so that information is timely to deci~ionmaking. Reports are available through the National Technical Information Service, and the BLM has a limited number of copies available through the Alaska OCS Office. Inquiries for informa- tion should be directed to: Program Coordinator (COAR), Socioeconomic Studies Program, Alaska OCS Office, P. 0. Box 1159, Anchorage, Alaska 99510. II l n J J J J J J J J J J D 0 D u u [ r [ [ [ r, [ r t r L [ E E E ill E L L I , l t MARINE & COASTAL HABITAT MANAGEMENT ALASKA DEPT. OF FISH & GAME 333 Raspberry Road Anchorage, Alaska 99502 TECHNICAL REPORT NO. 50 CONTRACT NO. AA550-CT6-61 ALASKA OCS SOCIOECONOMIC STUDIES PROGRAM BERING-NORTON PETROLEUM DEVELOPMENT SCENARIOS ECONOMIC AND DEMOGRAPHIC ANALYSIS PREPARED FOR BUREAU OF LAND MANAGEMENT ALASKA OUTER CONTINENTAL SHELF OFFICE DOCUMENT IS AVAILABLE TO THE PUBLIC THROUGH THE NATIONAL TECHNICAL INFORMATION SERVICE 5285 PORT ROYAL ROAD SPRINGFIELD, VIRGINIA 22161 III ~. .. ~· ' ::'y_. NOTICE This document is disseminated under the sponsorship of the U.S. Department of the Interior, Bureau of Land Management, Alaska Outer Continental Shelf Office, in the interest of information exchange. The United States Government assumes no liability for its content or use thereof. ALASKA OCS SOCIOECONOMIC STUDIES PROGRAM BERING-NORTON PETROLEUM DEVELOPMENT SCENARIOS ECONOMIC AND DEMOGRAPHIC ANALYSIS Prepared by Edward D. Porter Institute of Social and Economic Research University of Alaska June 1980 IV [I ~ [ L [ [ [ [ [ r I : l [ [ [ L B [ b L r 0 L l LIST OF FIGURES. LIST OF TABLES . INTRODUCTION . TABLE OF CONTENTS Background. . ... Scope . . . . . . . . . . . . . . . . Methodology for OCS Impact Assessment HISTORICAL STATEWIDE AND REGIONAL GROWTH PATTERNS: THE BASELINE STUDY ....•. The Alaskan Economy, 1965-1978 •.... The Regional Economies of Anchorage and the Norton Sound Area. . . . Summary . . . . . . . . . . . . . STATEWIDE AND REGIONAL GROWTH WITHOUT THE PROPOSAL: THE BASE CASE ..... . Background ..•.•........ Assumptions: The Base Case Scenario Base Case Forecasts . . • . . . . . STATEWIDE AND REGIONAL IMPACTS OF PROPOSED FEDERAL OCS DEVELOPMENT IN THE NORTON SOUND AREA Background ....••........... The Bering-Norton OCS Development Scenarios Impacts of' the OCS Development Scenarios. SUMMARY .. REFERENCES v . VII XI l l 3 4 13 13 46 68 71 71 71 106 135 135 . 136 143 173 175 [ r r~ [ [ L L r: L L [ [ G E L L L F l L LIST OF FIGURES 1. Structure of the MAP Statewide Model .. 2. MAP Regions ... 3. State Population, 1965-1978 4. Composition of State Population Growth, 1965-1978 . 5. Statewide Employment, 1965-1978 .•.. 6. Composition of Statewide Employment, 1965-1978. 7. Composition of Government Employment, 1965-1978 .. 8. Composition of Basic Sector Employment, 1965-1978 . 9. Composition of Support Sector Employment, 1965-1978 10. Statewide Personal Income, 1965-1978 .. 11. 12. Real Per Capita Income, 1965-1978 .. Composition of Wages and Salaries, 1965-1978. 13. Alaskan Wage Rates, 1965-1978 . 14. Alaskan and U.S. Unemployment . 15. Unemployment, Employment Growth, and Labor Force Participation Rates, 1970-1978 . 16. Alaskan and U.S. Inflation, 1965-1978 . 17. State Government Revenues, 1965-1978 .. 18. State Government Expenditures, 1965-1978. 19. Anchorage Population, 1965-1978 . 20. Anchorage Employment, 1965-1978 . 21. Anchorage Basic Sector Employment, 1965-1978. 22. Anchorage Support Sector Employment, 1965-1978. 23. Anchorage Government Sector Employment, 1965-1978 24. Anchorage Personal Income, 1965-1977. VII 6 9 15 17 21 23 24 25 27 28 29 31 33 35 36 40 42 44 48 50 51 52 53 55 25. Anchorage Real Per Capita Income, 1965-1977 26. Norton Sound Population, 1965-1978. 27. Norton Sound Employment, 1965-1978 •.. 28. Norton Sound Basic Sector Employment, 1965-1978 . 29. Norton Sound Support Sector Employment, 1965-1978 . 30. Norton Sound Government Sector Employment, 1965-1978. 31. 32. 33. 34. 35. 36. Norton Sound Personal Income ......... . Norton Sound Real Per Capita Income, 1965-1977. Nominal State Expenditures and Revenues .... Real Per Capita State Expenditures and Revenues .. Alaskan Population Forecast, 1979-2000, Base Case . Components of Population Growth, 1979-2000, Base Case 37. Age Structure of Alaskan Population, 1979-2000, Base Case 38. Alaskan Employment, 1979-2000, Base Case ........ . 39. Composition of Alaskan Employment, 1979-2000, Base Case ... . 40. Alaskan Personal Income, 1979-2000, Base Case ..... 41. Alaskan Real Per Capita Income, 1979-2000, Base Case. 42. Alaskan Wages and Salaries, 1979-2000, Base Case. 43. Alaskan Wage Rates, 1979-2000, Base Case ..... . 44. Alaskan and U.S. Inflation, 1979-2000, Base Case .. 45. State Government Revenues, 1979-2000, Base Case 46. State Government Fiscal Policy, 1979-2000, Base Case. 47. State Government Fund Balances, 1979-2000, Base Case. 48. Anchorage Population, 1979-2000, Base Case. 49. Anchorage Employment, 1979-2000, Base Case. 50. Anchorage Personal Income, 1979-2000, Base Case VIII 56 59 60 62 63 64 66 67 104 104 107 108 109 111 112 114 115 116 117 118 120 121 122 124 125 128 ~~ L L [ [ [ E L L L ( 0 l L [~ r r [ r~ [~ l r L r L [ [ [ [~ u [ t~ r I L 51. Anchorage Real Per Capita Income, 1979-2000 .. 52. Norton Sound Population, 1979-2000, Base Case 53. Norton Sound Employment, 1979-2000, Base Case . 54. Norton Sound Personal Income, 1979-2000, Base Case .. 55. Norton Sound Real Per Capita Income 56. Alaskan Population Impacts. . ... 57. Alaskan Employment Impacts. 58. Alaskan Employment Impacts, By Sector, Moderate Case. 59. Alaskan Personal Income Impacts ..... 60. Alaskan Real Per Capita Income Impacts .. 61. State Government Fiscal Impacts: Revenues . 62. State Government Fiscal Impacts: Expenditures 63. State Government Fiscal Impacts: Fund Balances. 64. State Government Fiscal Impacts: Moderate Case. 65. Anchorage Population Impacts. 66. Anchorage Employment Impacts .. 61. Anchorage Employment Impacts, By Sector, Moderate Case. 68. Anchorage Personal Income Impacts ..... 69. Anchorage Real Per Capita Income Impacts. 70. Norton Sound Population Impacts .. 71. Norton Sound Employment Impacts 72. Norton Sound Employment Impacts, By Sector, Moderate Case 73. Norton Sound Personal Income Impacts .... 74. Norton Sound Real Per Capita Income Impacts . IX 129 130 131 133 134 1% 147 148 149 150 153 154 155 156 158 159 160 162 163 164 166 167 169 170 [ [ L r L [ l' r L r~ L [ [ [ [~ L [ [ r> L f' I 6 [ LIST OF TABLES 1. Alaska Population, Age-Sex Distribution, 1970, 1976 . . . . . . 18 2. Seasonality of Employment in Alaska, Selected Years, 1950 to 1978 . 38 3. Federal Employment, Base Case . . . . . 74 4. Agriculture-Forestry-Fisheries Employment Forecast. 76 5. Manufacturing Employment Forecast .. 6. Upper Cook Inlet Employment Forecast. 7. Prudhoe Bay Employment Forecast .. 8. Employment Forecasts, TAPS Project. 9. Employment Forecasts, ALCAN Project 10. Lower Cook OCS Sale CI Employment Forecasts 11. Beaufort Sea Employment Forecasts . 12. Northern Gulf of Alaska OCS Sale 55 Employment Forecasts. 13. Western Gulf of Alaska OCS Sale 46 Employment Forecasts .. 14. Lower Cook Inlet OCS Sale 60 Employment Forecasts 15. ALPETCO Project Employment Forecasts ..... . 16. Pacific Alaska LNG Project Employment Forecasts 17. Susitna Hydroelectric Project Employment Forecasts. 18. Bradley Lake Hydroelectric Project Employment Forecasts 19. State Production Tax Revenues . 20. State Royalty Revenues .... 21. State Petroleum Property Tax Revenues . 77 79 80 82 83 85 86 87 89 90 91 92 94 95 97 98 101 22. Resource Estimates, Bering-Norton OCS Development Scenarios 137 23. Direct Employment Requirements: Exploration-only Scenario . 139 XI 24. Direct Employment Requirements: Low-Find Scenario ... 25. 26. 27. Direct Employment Requirements: Medium-Find Scenario. Direct Employment Requirements: High-Find Scenario .. Direct State Property Tax Revenues: Bering-Norton OCS Sale ........... . XII 140 141 142 144 L L [ F l L [ [ [ l' [' f""' L c: L L [ [ [ [j L L f' I- b; L I. INTRODUCTION Background The progressive depletion of U.S. domestic petroleum reserves and in- creased concern over the reliability of foreign supplies have led to growing concern in the United States about future energy sources. The federal government has begun to establish policies aimed at increasing domestic energy supplies. The U.S. Outer Continental Shelf (OCS) has drawn considerable attention as a future source of petroleum supplies. These areas, because of their high potential as a source of oil and gas, figure importantly in the future energy program of the United States. Historically, the role of Alaska in supplying energy has been small; total cumulative production in Alaska through 1974 was less than 1 percent of the U.S. total. Alaska has played a more important part in OCS produc- tion; petroleum production in the Upper Cook Inlet accounted for about 7.6 percent of cumulative U.S. Outer Continental Shelf oil production by the end of 1978 (U.S. Geological Survey, 1979). Alaska accounts for over one-fourth of the identified oil and gas reserves in the United States. The search for new domestic reserves will center importantly on Alaska since it is estimated that more than one-third of all undiscovered recoverable domestic oil reserves are in the state. Alaska•s importance in the OCS program is a result of the fact that over 60 percent of the undiscovered OCS reserves are expected to be found in the Alaska OCS (U.S. Geological Survey, 1975). Alaska•s new role as a major U.S. energy supplier has already brought significant changes to the Alaska economy and society. The prospect of even further transformation looms large in the state•s future as planned development extends to Alaska coastal waters. The first steps toward development of Alaska•s coastal resources have already been taken with past federal lease sales in the Northern Gulf of Alaska, Lower Cook Inlet, and the Beaufort Sea. Changes produced by past petroleum development in the state have been major. The rapid changes in the Alaska economy and population associ- ated with the development in Upper Cook Inlet and Prudhoe Bay have created strains on the Alaska society and environment. At the same time, these petroleum developments generated the most prosperous economic period in the state•s history and produced prospects of continued pros- perity throughout the next decade. The nature of the changes induced by prospective new developments, how- ever, will not necessarily resemble those characteristic of developments of the recent past. The technology, resource levels, and institutional arrangements surrounding Bering Sea developments are subject to a wide range of uncertainty. Consequently, the implications of Bering Sea development for Alaskan economic and demographic processes can be accu- rately assessed only by an analysis which incorporates both these unique institutional and technological features, as well as the uncertainty surrounding them. 2 [ [ [ [ [' r . l ' L~ [ f' L L r: [ r L [ [ [ ,~ L ~ ! - 6 The objective of this report is to provide the information needed to anticipate the major dimensions of the economic and social impacts of proposed oil and gas developments in the Bering Sea-Norton Sound Basin. The Institute of Social and Economic Research, as part of the Bureau of Land Management's (BLM's) OCS Studies Program, has provided a series of economic and population forecasts through the year 2000 under several alternative scenarios for Bering Sea/Norton Sound petroleum development. By contrasting these forecasts with a base case forecast, which does not include the proposed developments, it is possible to assess four major dimensions of the impacts of OCS development--population, employment, income, and state government fiscal impacts. This report will provide an assessment of these impacts. Scope This study consists of three major components. First, a baseline study examines the existing and historical structure of economic and demo- graphic change within the regions most directly affected by the proposal, the Norton Sound and Anchorage regions, as well as in the state as a whole. Second, a set of forecasts are developed through the year 2000, based on the assumption that the proposed development does not occur. This base case then serves as a benchmark for comparison with an alter- native set of forecasts premised on the occurrence of the proposed Bering-Norton OCS development. The final section presents an analysis of the impacts of these developments, measured as the difference between base case and OCS case forecast values. 3 Methodology for OCS Impact Assessment The methodology to be used in assessing the impacts of the proposed federal OCS developments in the Bering Sea-Norton Sound area involves comparing two sets of economic and demographic projections--one contin- gent on the occurrence of the proposed development, and a second based on assumptions which omit the development. The impact of the development is measured as the difference between the two projections. Because these projections are long range, there is a considerable degree of uncertainty associated with them. The specific future value of each and every forecast variable is unknown. However, certain such variables may be estimated from their statistical relationships to other such variables during the historical period. An econometric model is used to summarize these estimated structural relationships. Other variables, on the other hand, may not be estimated from historical data, either because they are determined by factors outside of the scope of the system under study or because they represent unique new situations not captured by historical data. While such variables (called exogenous) are neither known nor estimable with any degree of precision, the plausible range of values for such variables is quite often known. As a consequence, it is then feasible to develop a set of alternative forecasts, each contingent on assumed values of the exogenous variables, which span the plausible range of such variables and thus bracket the range of forecast variables. This section describes the models and exogenous assumptions required to develop a set of contingent forecasts, and it describes a methodology for utilizing such forecasts in assessing the impact of OCS development. 4 ( l [ I' L [ [ [ [ [ [ L L [ r L r: L [ 0 D E E [ c r L ,--: I . b; L THE ECONOMETRIC MODELS Two econometric models--a statewide model and a regional model designed to disaggregate the statewide results--are utilized in the analysis. The Statewide Model The principal model being utilized in the analysis of the proposed federal OCS development is the statwide econometric model developed by the Man-in-the-Arctic Program (MAP) at the Universityof Alaska Insti- tute of Social and Economic Research. The model consists of three interrelated components: an economic model, a fiscal model, and a demographic model. The basic structure of the model is as shown in Figure 1. The economic model is divided into exogenous or basic sectors and endo- genous or nonbasic sectors. The level of output in the exogenous sectors is determined outside the state 1 s economy. The primary reason for the nonbasic sector is to serve local Alaskan markets, so the level of output is determined within the Alaskan economy. The basic industries in the model are mining, agriculture-forestry-fisheries, manufacturing, federal government, and the export component of construction. The nonbasic industries are transportation-communication-utilities, whole- sale and retail trade, finance-insurance-real estate, services, and the remainder of construction. Industrial production in nonbasic industries determines the demand for labor and employment; employment is that level needed to produce the 5 I i ·I r I .~· ·' ' . J INDUSTR.ti\li . PRODUCTION. .. ,. .. ~•71\GES 1\ND $1\L!\RIES D!S~OS!\.DLI!! '' PERSONAL l PBRSONAL K---------1, lNCO··--~-·lE-~ .·. ':'L'AXES ~·-·~-'-'------:----:---.--l,_ _ _,,l , .. · .... -.... ---......... ·:., \. ,.._, I l .. FUNr> ~--STATE REVENUES· ' hCCtJXULl\T!ON [ 1'-----r·j--./-:r~---'1 .._ _ _____..,\~,..._.;....__, \I ~- y S'l'l\TE ~ Fi:r'l\'l'E EXPE~!DlTURi::S . ~-:.----:/ PlSCArJ ,,c'rio~ ' voLrc~ CONS7Rv • •'~ J ~' . 1 .. ' CONSU!".ER ?R!CES U ,S, INCO~~ j 'I~ ..,., ..... C> c: ;;o fTl ;<.:. ...... : : I . . " [fOC,\U <-----. ,__. · mw!~Ntm~ S'l'll'l'Z (( r .. OCi\!}~ ' . . -r · ---t·n\Gi~S· i\ND E*~-f ~-~· Li •r ov.vr.·,•·""• • -----,t,OCi\I, .:~ ••• r,Ll _ ' E'-pF:~y!,.'~i1p~ r--J (fi~'J r-:-:-r-: J • ~J ... ..J .. I. J "\ : • A.~ •. :,., r ---•• J~ J:l ..__----·-------1 l'OPUL1\'l':O~ '-... --- '• . ' r:--1 r-1 r---, -~ -J -, -, ' -, -· -, · ~~J 11 :------1 ;------, . • ' ' .. j ,_, .. J '· • : J '· • ,. ' J l J I o.• •• ·~a ._,,..,., .... .,., .. ,~., •• ...,,,.~•••••U••••''~l-~-......... -~.,"_••~.....,.._...____,_ootwtol.~~ni-·---·--M--•·-·-,.-~ .. --... -----.. [ r [ [~ [ [ [ r L [ [ [ c B [ [ r~ L E required output. The product of employment and the wage rate determine wages and salaries by industry. Aggregate wages and salaries are the major component of personal income. By assumption, the Alaska labor market is open to in-or out-migration from the Lower 49. In either case, labor demand is always satisfied. Wage rates in Alaska are deter- mined in part by U.S. wage rates. Thus, both the supply and price of labor are linked to economic activity in the Lower 49. An estimate of disposable personal income is made by adding an estimate of nonwage income to wages and salaries and adjusting this by deducting income taxes. The level of real disposable income is found by deflating dis- posable personal income by a relative price index; the major determinants of Alaskan prices are U.S. prices, the size of the economy, and the growth rate of the economy. Incomes determine the demand for local production; incomes and output are simultaneously determined. Population is determined based upon a projection of each of its com- ponents--births, deaths, and migration. The model uses age-sex-race- specific survival rates and age-race-specific fertility rates to project births and deaths of the civilian population. Total civilian population is found by adding civilian net migration to the natural increase. Net migration is determined by the relative economic opportunities in Alaska. In the model, these are described by employment changes and the Alaskan real per capita income relative to the real per capita income of the United States. An exogenous estimate of military population is added to determine total population. 7 The fiscal model, which provides important pieces of information for the economic model, also provides a framework for analyzing the effects of alternate fiscal policies. The fiscal model calculates personal tax payments in order to derive disposable personal income. The fiscal model, based on an assumed state spending rule, also calculates person- nel expenditures, state government employment, and the amount spent on capital improvements which determines a portion of employment in the construction industry. All three submodels are linked through their requirement for information produced by the other submodels. The Regional Model The regional model provides an allocation of employment, income, and population in the state to seven regions of the state. These regions are shown in Figure 2. The economic component is similar in each region to that of the state model. The major difference is that some regional economies are influenced by economic activity in other regions; the most notable of these is Anchorage. The demographic component of the regional model is much simpler than that component of the state model. Regional population is estimated as a function of employment. Regional population is estimated in two components--enclave and nonenclave population. A weighted average of the nonenclave population to nonenclave employment ratio for the state and the lagged value in the region is multiplied by the nonenclave employment to estimate nonenclave population in the current year. The weights are based on the proportion of state population ·in the region. Enclave employment is added to nonenclave to determine total regional population. Enclave employment includes the military and 8 [ [ L [ r L [ [ [ L I' L f : L [ ~ . I ... ...... ·-~ .. 2 Southy:est ..... ...................... ""'(; 7 Fairbanks . ~ · ... · --t '• ~ ~ . •, FIGURE 2. MAP REGIONS . •·· . . ..• ' .. ' -..................... · .. . (part) .. . · ·' :J jl .. \.,.t? I' -::f).. c ! A, ' n.. _/ ~ ., il I? Q o ~ ....-::;:.-If ._ ~ t ~..,!J{J:JJ 0. j • .· Southwest ~ .,.. 'I ~====================t9==·======~==========~'' . . . . I o • 0 ~ ..: .. .,..:~ .· ... ~.~ ........ ~ . '.. ··~i major construction projects such as the trans-Alaska pipeline. Esti- mates of the regional model are constrained to total to equivalent state model results. USE OF THE MODELS FOR IMPACT ASSESSMENT In order to properly assess the impact of proposed federal OCS development, a plausible range of OCS development scenarios should be used to produce a set of contingent forecasts, each of which should then be compared to a plausible range of corresponding base case forecasts, to bracket a range of potential impacts. However, insofar as such an approach leads to a proliferation of cases which planners are seldom prepared to evaluate, an alternative approach is utilized. Each of a range of plausible OCS development scenarios serves as the basis for a set of forecasts, each to be compared to a single mid-range base case forecast. This gives a single impact for each development scenario, rather than the range of impacts which would be preferable in principle. Then, by varying the key base case assumptions, the sensitivity of this measure to those assumptions is tested to gauge the reliability of the measured impact. LIMITATIONS OF THE PROPOSED METHODOLOGY The methodology sug·gested above is designed to extract a maximum amount of information from historical data using accepted econometric techniques. As such, it can reasonably be expected to reduce the uncertainty associ- ated with the impacts of the proposed developments. However, to suggest that it can completely eliminate such uncertainty or in some cases even 10 I l: r L [ [ [ [ t [ [ [ r l [~ [ [ [ [ [ [ [ r L r L [ b t [ E [ [ r L [ [ significantly reduce it may be to exaggerate the capabilities of the technique, the information contained in historical data, or both. For example, no such model can possibly capture radical structural change, and any such model is limited by the quality and reliability of the data used in its specification and estimation. At the state level, the major sources of uncertainty which place limita- tions on such a method are twofold: first, there is a great deal of speculation built into the development of a base case scenario, as will be seen below; and second, the state policy response to the OCS develop- ment is both unpredictable and a potentially major determinant of the impact of such development. On the other hand, a reasonably sized data base such as that used in the estimation of the state model can be expected to result in accurate contingent forecasts; and in those cases where measured impacts prove insensitive to base case assumptions, to reliable uncontingent impact measures. The regional results are subject to far greater limitations and possess far fewer strengths for several reasons. First, the available data is far sparser than on a statewide basis, and the potential specifications are far more complex. As a consequence, estimated relationships in the regional model are less reliable than their statewide counterparts. Furthermore, especially in remote regions such as those analyzed here, the susceptibility of the region to major structural change as a conse- quence of OCS development is far greater than that encountered at a statewide level. As a consequence, while the techniques proposed here 11 extract the maximum information likely to be gained econometrically, such results necessarily must be interpreted as only a first approxima- tion rather than a detailed analysis of the regional economies. An accurate assessment must incorporate detailed microlevel analysis of such economies. Econometric techniques cannot and should not replace such analysis. 12 [ [ [ [ r L r L [ [ L [ r= I- b L [ [ [ [ [ [ r L~ r L [ [ r· I L [ II. HISTORICAL STATEWIDE AND REGIONAL GROWTH PATTERNS: THE BASELINE STUDY The Alaskan Economy, 1965-1978 The period from 1965 to 1978 witnessed rapid changes in the Alaskan economy, largely induced by the introduction and maturation of the petro- leum industry within the state and a changing role of state government in the economy. By 1965, oil and gas developments in the area of Upper Cook Inlet were getting underway, developments which would supply about 2 percent of domestic oil in the United States by the turn of the decade. But far more significantly, the exploration activity also begun in the mid-1960s in the state would, in 1968, yield the largest oil and gas discovery in North America. The Prudhoe Bay discovery, accounting for nearly a fourth of domestic oil reserves, promised to make Alaska a dominant domestic oil supplier by the onset of 1980. The discovery had two major effects, one short-term and one long-term. In the short term, development of the Prudhoe resources required construction of a major pipeline. This construction effort, peaking in 1976, raised employment by 42 percent and income by nearly 75 percent during a span of three years, only to be followed by the most precipitous drop in basic sector employment since statehood, as construction was completed in 1977. The onset of production from Prudhoe in 1977, however, began to reveal the nature of the true long-term significance of oil and gas development in the state. Because of the capital intensive nature of petroleum develop- ment, this significance was not to be found in the generation of any sub- stantial long-term direct employment. Rather, the long-term effect would be to alter radically the role of state government in the economy. The 13 Prudhoe discovery occurred on state-owned lands. Revenues from the initial sale of drilling rights and prospective royalty and production taxes broadly expanded the set of policy options available to state government, placing the Alaskan government in a role unique among the American states in its ability to control its own future development. This section attempts to map out the major development patterns which have emerged during this period and which promise to shape the course of future economic growth within the state. DIMENSIONS OF GROWTH Alaskan Population, 1965-1978 Figure 3 presents the growth of Alaskan population during the period 1965- 1978. As is apparent from the figure, there have been three distinct sub- periods in which population growth varied dramatically. From 1965 to 1973, population growth proceeded at a relatively stable rate, averaging 2.8 percent annually. The pipeline buildup from 1973 to 1975 produced an explosion in state population which expanded over 22 percent in the two-year period. As the construction effort peaked in 1976, and fell off abruptly thereafter, population began dropping slightly in 1977 and again in 1978 for an average rate of decline of less than 1 percent annually in the 1976-78 period. Population growth is composed of two components: natural ·increase (the excess of births over deaths) and net migration (total in-migration less 14 [ [ [ [ [' [' [' r L r L [ c [ B [ [ L f' I L; [ [ [ [ 380. r 340. L 300. 260. FIGURE 3. STATE POPULATION, 1965-1978 (thousands of persons) L----------------·--------------------1 1965 1970 1975 1980 n (j [ [ r~ L [ 1965 1966 1967 1968 1969 1970 1971 1972 1973 1974 1975 1976 1977 1978 SOURCE: Alaska Department of Labor 15 265.192 271.505 277.90 6 284.88 294.56 302.361 312.93 324.281 330.365 351.159 404.634 413.289 411.211 406.956 total out-migration). Figure 4 breaks down the changes in Alaskan population since 1965 into its two components. Historically, Alaska has exhibited a rate of natural increase (excess of births over deaths per 1 ,000 persons) higher than any other state. This reflects both the highest birth rate and the lowest death rate among the states. Both features stem from the youthfulness of the Alaskan popula- tion, with the bulk of that population falling into the 14-to-30-year-age brackets, the area of both highest fertility and lowest death rates. Because of the high rate of turnover of the Alaskan population, this somewhat abnormal age distribution has remained fairly stable over time, as shown in Table 1. Natural increase has accounted for slightly under half of total population growth since 1965 and has occurred at a relatively stable rate, growing at an average rate of 1.5 percent annually. The major source of population growth since 1965, however, has been net migration. While the stability of the age distribution reflects a rapid turnover among the population, on balance there has historically been a tendency for in-migration to more than offset out-migration, as seen in Figure 4. Only the precipitous construction employment drop following completion of the pipeline has been of sufficient magnitude to generate negative net migration (from 1977 to 1978). Net migration has been found empirically to increase with the rate of employment growth in Alaska and with the differential between Alaskan and U.S. average real per capita incomes. This observation can best 16 [~ [ [~ [ [ r . L r : r~ L E [~ [ [ [ G l L [ I' I. L l [ l' [ r_, L r~ L [ [ [ r· I L [ 40. 20. -20. FIGURE 4. COMPOSITION OF STATE POPULATION GROWTH, 1965-1978 (thousands of persons) Total (DELT) Change Net Migration (MIGNET) L-----------------------------------------------------------------~ 1965 1970 1975 1980 NATINC DELT MIGNET 1965 5.662 10.201 4.539 1956 5.273 6.313 1. 04 1967 5.026 6.401 1. 375 1968 5.098 6.974 1. 676 1969 5.613 9.68 4.067 1970 6.127 7.801 1. 674 1971 5.857 10.569 4.712 197 2 5.479 11.351 5.872 1973 5.147 6.084 0.937 1974 5.609 20.794 15. 185 1975 5.948 53.475 47.527 1976 6.295 8.655 2.36 1977 6.772 -2.078 -8.85 1978 6. 702 -4.255 -10.957 SOURCE: Alaska Department of Labor 17 Males Age All Ages 54.2 0-13 16.5 14-19 5.7 20-29 12.4 30-39 7.7 40-54 8.1 55-64 2.5 65 + 1 .3 TABLE l. ALASKA POPULATION AGE-SEX DISTRIBUTION 1970' 1976 1970 Females Total Males --- 45.7 51.6 15.7 32.2 14.1 5.2 10.9 6.6 8.7 21.1 11 .2 6.5 14.2 7.8 6.6 14.7 7.7 2.0 4.5 3. 1 1.0 2.3 1.1 1976 Females Total 48.4 13.2 27.3 6.0 12.6 10.4 21.6 7.8 15.6 7.2 14.9 2.6 5.7 1.2 2.3 SOURCES: U.S. Department of Commerce, Bureau of the Census, 1970 Census of Population. U.S. Department of Commerce, Bureau of the Census, 1976 Survey of Income and Education Microdata Tape. 18 f" L [ [ [ E ~ E [ L [ r : I . L l L __ .. n [_. [ [ [ r ' I - L; [ be understood,by viewing the migration decision as a choice made by an individual in the face of uncertainty. The probability that any indi- vidual will choose to move will depend on the expected gain to be real- ized by such a move. As the expected gain rises, the individual becomes more likely to migrate. The expected gain from a move is simply the product of the wage differential to be realized as a consequence of the move and the probability of actually securing employment at that higher wage. Thus, either a change in the rate of employment growth in Alaska (by increasing the probability of being hired) or an increase in the absolute income differential between Alaska and the United States will, by raising the expected gain from in-migration, attract increasing numbers of new migrants to the state. Unlike natural increase, however, migration into Alaska has created a great deal of volatility in the dynamics of statewide population growth. Net migration reached over +47,000 in 1975 and as low as nearly -9,000 in 1977. Of the total contribution of nearly 78,000 made by net migration to population growth over the period, over 72 percent occurred since 1973. This volatility of population can create major strains on local infra- structure when the growth occurs at too rapid a rate for adjustment. Such strains produce adverse effects on prices and unemployment, as will be discussed below. Further, it creates a somewhat characteristic Alaskan policy problem--namely that state policies aimed at the promotion of growth objectives may be doomed to failure by their own success. That is, any policy producing substantial, rapid growth in the Alaskan economy 19 may also, by its attraction of temporary migrants, have benefits which flow disproportionately to non-Alaskans. Thus, a major concern over growth-oriented policies must be the sustainability of such policies. As will be seen later, this is of particular concern when the state•s major wealth is a depletable resource. Alaskan Employment, 1965-1978 Figure 5 presents the growth of Alaskan employment during the period 1965 to 1978. As in the case of population growth, three distinct sub- periods are clearly discernible. In the pre-pipeline period from 1965 to 1973, employment grew steadily at an average rate of 3.6 percent. During the buildup and construction of the pipeline between 1973 and 1976, total employment expanded over 42 percent, an annual average rate of over 12.5 percent. After the 1976 peak, total employment fell off, but much less radically than the decline in construction employment. While 1978 construction employment dropped by nearly 60 percent from its 1976 peak, total employment fell by less than 4 percent. Total wage and salary employment in the state can be divided into three major categories: government, basic employment, and support sectors. Basic employment will be defined as those private sectors in which pro- duction is aimed primarily at the satisfaction of export demands. In Alaska, such sectors include agriculture, forestry, and fisheries; mining (primarily petroleum); construction; and manufacturing. Support sector employment is engaged in activity aimed primarily at the satisfaction of local demands and includes utilities, transportation, communications, trade, finance, and services. 20 1- [ [ I' r L [ [; [ [ t [ L [ ro I L l [ [ FIGURE 5. STATEWIDE EMPLOYMENT, 1965-1978 [~ (thousands of persons) r· r· L r L [ [ f' l f' L [ 240. 120. Total (EM99ST) Wage and (EM98ST) Salary Support Sector (EMSlST) 60.~~~~~~~~~~~~~~~~~~~~~~~~~G~overnment (EMG9ST) 0. Basic Sector {EMBlST) 1965 1970. 1975 1980 EM99ST EM98ST EM51ST EMG9ST EMB1ST 1965 115.143 103.543 :26.901 62.68 13.962 1966 117.601 106.401 28.26 64.105 14.036 1967 121.667 110.467 30.244 65.49 14.733 1968 123.629 112.429 32.102 64.804 15.523 1969 130.81 7 118.917 35.891 65.68 17.346 1970 136.397 123.897 38.998 66.978 1 7. 921 1971 140.671 127.671 41.76 68.029 17.882 1972 144.096 130.696 44.847 66.948 18.901 1973 150.308 137.308 48. 165 68.951 20.192 1974 169.652 155.652 56.74 71.224 :27.688 1975 201 .84 186.649 73.867 72.479 40.303 1976 211.41 2 195.561 78. 107 71.816 45.638 1977 204.127 189.106 79.237 73.779 36.09 1978 200.49 185.84 81 • 011 74.756 30-073 SOURCE: Alaska Department of Labor, Statistical Quarterly, various issues. 21 One of the most significant historical trends identifiable from the data is the changing role of government in the Alaskan economy. As shown in Figure 6, the share of government employment in total Alaskan wage and salary employment has fallen from over 60 percent in 1965 to about 40 percent in 1978. In addition, there has been a fairly dramatic shift in the composition of such employment. Historically, federal employment has been the mainstay of the Alaskan economy. In 1965, nearly 49 percent of Alaskan employment consisted of federal employees, over 65 percent of whom were military. By 1978, the federal share of employment was more than cut in half, and the military share of that employment had fallen to 52 percent. Nonetheless, total government employment in Alaska has risen, due to a steadily growing state and local government sector which has more than offset the declining military presence in Alaska. As seen in Figure 7, by 1969 state and local employment had exceeded federal civilian employment. By 1975, it exceeded military employment; and by 1978, it had reached a level approaching 84 percent of total federal employment. Basic employment in Alaska consists primarily of construction and manu- facturing (primarily food processing) employment, as shown in Figure 8. Pipeline construction caused employment in the Alaskan construction industry to nearly quadruple between 1973 and 1976. Interestingly, however, despite the 60 percent drop by 1978 from the 1976 peak, 1978 construction employment remained over 64 percent higher than its 1973 level. In addition, development and production employment at Prudhoe Bay, North Slope exploration; oil industry administration employment in 22 [ ,~ L [ [ [ [ L L [ f ~ L I I . L l [ [ [ r~ L r L [ [ [ r, L L 0.54 FIGURE 6. COMPOSITION OF STATEWIDE EMPLOYMENT, 1965-1978 (proportion of total employment) (EMSl.EM) (EMG9.EM) Basic (EMBl .EM) 0 4 ~t===!==~~~~~~==~==~==~==~ Sector -~~ ---------------------------~ 1965 1965 1966 1967 1968 1969 1970 1971 1972 1973 1974 1975 1976 1977 1978 1970 1975 EMS1.EM EMG9.EM EM81.EM 0.26 0.266 0.274 0.286 0.302 0.315 0.327 0.343 0.351 0.365 0.396 0.399 0.419 0.436 0.605 0.602 0.593 0.576 0.552 0.541 0.533 0.512 0.502 0.458 0.388 0.367 0.39 0.402 0.135 0.132 0.133 0. 138 0.146 0.145 0. 14 0.145 0.147 0.178 0.216 0.233 0. 191 0. 162. 1980 SOURCE: Alaska Department of Labor, Statistical Quarterly, various issues. 23 50. 25. FIGURE 7. COMPOSITION OF GOVERNMENT EMPLOYMENT, 1965-1978 (thousands of persons) Total (EMG9ST) State and · ( EMGAST) Local Military (EMGMST) Federal (EMGCST) Civilian 0.L------------------------------------------------------------------J 1965 1970 1975 1980 EMG9ST EMGAST EMGMST EMGCST 1965 62.68 12.234 33.017 17.429 1966 64.105 13.396 33.2 17.509 1967 65.49 14.389 33.679 17.422 1968 64.804 15.324 32.62 16.86 1969 65.68 16.877 32.35 16.453 1970 66.978 18.441 31.425 17.112 1971 68.029 20.686 30.074 17.269 1972 66.948 23.264 26.45 17.234 1973 68.951 24.332 27.453 17.166 1974 71 .224 25.755 27.453 18.016 1975 72.479 28.837 25.348 18.294 1976 71 .81 6 29.334 24.539 17.943 1977 73.779 31.061 24.984 17.734 1978 74.756 34.122 22.501 18.133 l. [ L [ [' l-, [ " r~ L r L [ [ [ [ t. [ [ r ~ L r-------------------------------------------------------------------------~ SOURCE: Alaska Department of Labor, Statistical Quarterly, various issues. L 24 L [ [ [ [ [ [ r L [ [ [ [ [ I ' L r~ I L [ 25. FIGURE 8. COMPOSITION OF BASIC SECTOR EMPLOYMENT, 1965-1978 1970 EMB1 ST 1965 13.962 1966 14.036 1967 14.733 1968 15.523 1969 17.346 197 0 17.921 1971 17.882 1972 18.901 1973 20.192 1974 27.688 1975 40.303 1976 45.638 1977 36.09 1978 30.073 (thousands of persons) 1975 EMCNST EMM9ST EMP9ST 6.455 6.274 1.088 5.864 6.634 1 .372 5.991 6.621 1.967 5.998 ·6. 924 2.455 6.653 7.025 3.494 6.894 7.839 2.995 7.445 7.78 2.431 7.893 8.06 2.113 7.837 9.349 1.966 14.068 9.612 2.977 25.88 9.639 3.795 30.235 10.334 3.967 19.546 10.895 4.958 12.24 11.595 5.562 EMA9ST 0.145 0.166 0.154 0.146 0.174 0.193 0.226 0.835 1.04 1 . 031 0.989 1.102 0.691 0.676 Total (EMBlST) SOURCE: Alaska Department of Labor, Statistical Quarterly, various issues. 25 Anchorage~ and a·vigorous growth in manufacturing have at least partially offset the decline in basic sector employment during the post-pipeline period. Growth in the Alaskan support sector since 1965 is shown in Figure 9. In the stable growth period before the pipeline (1965-1973)~ the support sector grew at well over twice the rate (7.6 percent) of total employment (3.6 percent). Services employment led this growth~ at a rate of 9.1 per- cent. Finance and trade followed closely behind (8.7 percent and 7.9 per- cent~ respectively), while transpprtation, communications~ and public utilities grew at only 4.6 percent annually. Services employment responded most vigorously to pipeline construction, growing over 37 percent between 1974 and 1975. As a whole, the support sector expanded by over 62 per- cent between 1973 and the peak of pipeline construction. Interestingly, however~ employment in the support sector did not decline with completion of the pipeline~ but rather has continued to grow~ although at a rate (3.7 percent) below that of the pre-pipeline period (4.6 percent). Alaskan Personal Income Alaskan personal income growth, as employment and population, can be divided into the same three subperiods. As shown in Figure 10, in the pre-pipeline years from 1965 to 1974~ income grew steadily~ averaging about 12.3 percent annually. Accompanied by inflation and population growth~ however, this represented only about a 4.4 percent average annual growth in real per capita income~ as shown in Figure 11. From 1974 to the peak of pipeline construction in 1976, income rose by 26 [ [ [ [ r L r L [ [ [ [ [ [ r , L r : I L [ [ [ [ [ [ r L [ [ [ [ r. l r~ I L [ sa. 22. FIGURE 9. COMPOSITION OF SUPPORT SECTOR EMPLOYMENT, 1965-1978 (thousands of persons) T ( EMSl ST) Trad~ . (EMD9ST) ~~~•====serv ices ( EMS9ST) Transpor tion, ~-.... _ _,. _ _.Communi c ti ons, ( EMU9ST) Public U ilities 2 .r;;=::=:=::=:::. .... ~~~~~==!:::~::~::~:::::::::::=::;F~in~a1rnJcE~e~,~Insu(rance, ~ ea st te EMFIST) 1965 1970 1975 1980 EM 51ST EMD9ST EMS9ST EMU9ST EMFIST 1965 26.901 9.95 7.513 7.267 2.171 1966 28.26 10.806 7.89 7.279 2.285 1967 30.244 11 . 754 8.692 7.483 2.315 1968 32.10 2 12.519 9.289 7. 811. 2.483 1969 35.891 13.946 10.486 8.807 2.652 1970 38.998 15.365 11 • 435 9.1 3.098 1971 41.76 16. 148 12.559 9.808 3.245 1972 44.847 17. 107 14·. 034 9.993 3.713 1973 48.165 18.337 15. 182 10.403 4.243 1974 56.74 21 .135 18.313 12.398 4.894 1975 73.86 7 26.198 25. 134 16.489 6.046 1976 78.10 7 27.569 27.673 15.76 7.105 1977 79.237 28.453· 27.441 15.569 . 7.774 1978 81".011 28.848 27.566 16.369 8.228 SOURCE: Alaska Department of Labor, Statistical Quarterly, various issues. 27 3500. 2500. 1500. FIGURE 10. STATEWIDE PERSONAL INCOME, 1965-1978 1970 (millions of current dollars) 1965 1966 1967 1968 1969 1970 1971 1972 1973 1974 1975 1976 1977 1978 857. 926. 1 016. 1 110. 1245. 1 412. 1557. 1 698. 2002. 2437. 3528. 4195. 4315. 4415. 1975 1980 SOURCE: U.S. Department of Commerce, Bureau of Economic Analysis, Survey of Current Business, August 1979. 28 [ [ ~~ L [ [ [ c [ [ r . L I . L L [ FIGURE 11. REAL PER CAPITA INCOME, 1965-1978 [ (thousands of 1979 dollars) [ [ [ L r L X103" 13.6'~------~----~~~~~~~~~~~~~--------~~ 12.0 [ 10 4 [ [ [ r~ I L [ 8.8 ~------------------------------------------------------------------------------~ 1970 1965 1966 1967 1968 1969 1970 1971 1972 1973 1974 1975 1976 1977 1978 7317.63 7650.87 8016.97 8084.73 8455.59 8881.79 9371.82 9630.57 10783.9 11 1 98.6 12321.3 13278.1 12959.2 12105.9 1975 SOURCE: Alaska Department of Labor and U.S. Department of Commerce, Bureau of Economic Analysis. 29 1980 72 percent in nominal terms and 46 percent in real per capita terms. After the peak of pipeline construction, between 1976 and 1978, per- sonal income continued to rise modestly, about 2.6 percent annually. However, these gains were more than offset by inflation and population, with real per capita incomes falling about 5.6 percent annually after the 1976 peak. These figures, however, do not capture the full magnitude of the pipeline and post-pipeline experience, inasmuch as they are adjusted by the Bureau of Economic Analysis to reflect the incomes of resident Alaskans only. A substantial share of income during pipeline construction was earned by nonresidents. As shown in Figure 12, the growth of wages and salary payments grew roughly parallel to personal income in the 1965-to-1974 period. (More precisely, personal income growth followed wage and salary growth, inasmuch as such payments are the major component of personal income--between 80 and 90 percent, historically). Because of wages and salaries earned by nonresidents, the growth of wages and salaries during pipeline construction was more dramatic than resident personal income growth, with wages and salaries more than doubling between 1974 and 1976. Furthermore, unlike resident personal income, which continued to rise modestly even after the peak of pipeline construction, wage and salary payments actually declined by 16 percent in the 1976-to-1978 period. Because wages and salaries dominate the personal income received by Alaskans, the sources of such payments reveal the underlying structure of income growth during the period, as shown in Figure 12. Wages and 30 l [ [ [~ r , l~ r I , L L [ [ L [ L FIGURE 12. COMPOSITION OF WAGES AND SALARIES 1965-1978 (millions of current dollars) [ 5000. r-------..i!:!!:!S!s....t::!!~~:ll-:l:~.:.s....iii~~$__----, [ r~ L r· L [ [ [ L r ' L (' I Ll [ 2500. e. 1965 1970 WS99ST WSS1ST 1965 722.3 201 .645 1966 777.285 218.22 1967 867.176 243.033 1968 947.335 269.04 1969 1080.86 319.055 1970 12t7.74 359.985 1971 1 315.2 392.598 1972 1447.06 444.356 197 3 1564.03 496.207 1974 2106.06 673.77 1975 3402.94 1152.82 1975 4247.18 1362.48 1977 3804.95 1380.42 1978 3606.58 1404.49 1975 WSG9ST WS 61 ST 363.507 157. 15 395.005 164.06 442.88 181.264 475.023 203.273 516.293 245.515 593.559 264.195 646.625 275.974 708.574 294.135 747.916 319.905 830.269 602.024 960.558 1289.56 1089.32 1795.37 1166. 39 1226.2 1291.58 881.358 Total (WS99ST) (WSSlST) Governme t (WSG9ST) Basic·Se tor (WSBlST)· 1980 SOURCE: Alaska Department of Labor, Statistical Quarterly, various issues. 31 salaries were composed primarily of government wages (50.3 percent) in 1965. By 1978, the government share had fallen to 36 percent, although generally government wages and salaries grew steadily throughout the period at about 10 percent annually. The income "explosion" in 1975 and 1976 was due primarily to wage and salary payments in construction and to a lesser extent in the support sector, primarily transportation. However, the "explosion" was due as much to an increase in wage rates as to increased employment. Between 1974 and 1976, basic sector employment rose 65 percent, while wages and salaries in the basic sector nearly tripled, due·to a more than 80 percent increase in average wage rates in the sector, as shown in Figure 13. In the support sector, wages and salaries more than doubled in the two-year period, reflecting a 38 per- cent rise in employment and a 47 percent increase in wage rates. However, while both basic employment and wage rates dropped in the period following the peak of pipeline construction, causing over a 50 percent decline in basic sector wages and salaries, neither employ- ment nor wage rates in the support sector fell significantly during the 1976-to-1978 period. Thus, by 1978, the support sector had become the dominant source of both income (39 percent of wages and salaries) and employment (49.5 percent) in the Alaskan economy. Special Features The Alaskan economy exhibits several major characteristics unique among the states. We now turn to consider each of the four major distinguish- ing characteristics of the Alaskan economy: its typically high unemploy- ment 1 eve 1 s , the season a 1 i ty of emp 1 oyment, its· price 1 eve 1 , and the unique role of state government. 32 r~ L [ L [ [ L [ L I- L r. I L [ [ l: r, [ [ r; [; [ [ r L r, I L~ [ FIGURE 13. ALASKAN WAGE RATES, 1965-1978 (thousands of current dollars) X103 40.0r----------------------1~~~~~~~~~&TI~---------------------- 30.0 20 0· 0.0 1965 1970 WR 81 ST 1965 11255.5 1966 11688.5 1967 12303.2 1968 13094.9 1969 14154. 1970 14742.2 1971 15433.1 1972 15561.9 197 3 15843.1 1974 21743.2 1975 31996.6 1976 39339.4 1977 33976.2 ·1978 29307.3 WRS1ST 7495.82 7721.87 8035.74 8380.78 8889.56 9230.87 9401.29 9908.26 10302.2 11874.7 15606.7 17443.8 17421.4 17337. 1975 WRG9ST 5799.41 6161.85 6762.56 7330.15 7860.73 8862. 9505.13 10583.9 10847.1 11657.2 13252.9 15168.3 15809.2 17277.2 Basic (WRBlST) Sector Sector (WRSlST) overnment (WRG9ST) 1980 -- SOURCE: Alaska Department of Labor, Statistical Quarterly, various issues. 33 ,. - Unemployment. ~nemployment has traditionally been a serious problem in Alaska. Despite generally vigorous growth since 1975, unemployment rates have remained considerably above the national level, as shown in Figure 14. In only a single year, 1975, did Alaskan unemployment dip below that of the United States. Unemployment rates can be a misleading indicator of economic conditions, however, for the following reason. Defined as the ratio of unemployed persons seeking employment to the total labor force, it may fall due to either of two reasons--an increase in employment or a decrease in search by unemployed workers. In the first case, a decrease in unemployment indicates rising employment levels; but in the second, it may indicate precisely the opposite since it is precisely at times of falling employment when workers get discour- aged from searching and leave the labor force (by definition). For example, as shown in Figure 15, generally unemployment rates move opposite the direction of employment growth, as would be expected. However, on occasion such as in 1977, the year following the peak of pipeline construction, the unemployment rate fell despite falling employ- ment. The reason for the apparent anomaly is made clear by the labor force participation rate behavior, also depicted. In 1977, labor force participation fell drastically, by about 20 percent, sufficient to reduce the unemployment rate despite a falling employment level. None- theless, despite its peculiarities in use as an economic indicator, its high level does illustrate a unique Alaskan dilemma. Even at the peak of pipeline hiring, Alaskan unemployment dipped only slightly below the national rate, and then only because the national economy was in the depths of a particularly severe recession. By 1976, at the peak of 34 r I, r-, r~ L [ L [ [ L r , L f" I L L [ r r: r· r 9.6 L· s.e L [ 6.4 FIGURE 14. ALASKAN AND U.S. UNEMPLOYMENT, 1970-1978 Alaska (UNRAT) United States (UNRATUS) [ 1970 1975 1980 lj [ r I L; [ UN RAT UNRATUS 1970 9. 5.283 1971 10.4 6.242 1972 10.5 5.717 1973 10.8 4.842 1974 1 o. 5.758 1975 8.3 9.175 1976 10.5 7.9 1977 9.1 7.008 1978 11 • 1 5.892 SOURCE: U.S. Department of Labor, Bureau of Labor Statistics, and Alaska Department of Labor. 35 FIGURE 15. UNEMPLOYMENT, EMPLOYMENT GROWTH, AND LABOR FORCE PARTICIPATION RATES, 1970-1978 55·------------------------------------~--------------------_, 40-L-........ -...---- 25. 1970 -1975 L..FPR UNRAT 1970 39.94 9. 1971 40.97 10.4 1972 41.27 10.5 1973 42.78 10.8 1974 46. 10. 1975 47.4 8.3 1976 52.65 10.5 1977 42.55 9.1 1978 43.23 11 • 1 Labor Force ~--•Participation (LFPR) Rate EMGRO 6.821 5.542 6.813 5.381 16.698 25.821 6.027 -4.035 -0.477 Emp 1 oyment · Growth Rate (EMGRO) 1980 [ ,~ l r ~ L [ L: [ [ r L· -------------------~--------r-· SOURCE: Alaska Department of Labor. L; 36 [ r L [ [ l ~ [ b [ [ r , I L~ [ pipeline construction, unemployment in Alaska had surged to over 10.5 per- cent. The problem is a fundamental feature of the Alaskan economy which stems largely from the volatility of migration discussed above. As employment rises, the attraction of migrants from the Lower 48 raises the labor force by even more, forcing a rise in the unemployment rate. Furthermore, rising employment has typically resulted in increased labor force participation rates, reducing still further any tendency of employ- ment increases to lower unemployment rates significantly. Seasonality. A second feature characteristic of Alaskan employment and also closely related to the unusually high Alaskan unemployment rate is the seasonality of employment in certain sectors of the economy. Economies dependent on natural resources often have seasonal cycles, but the effect is particularly accentuated by the severity and length of Alaskan winters. One measure of seasonality is the ratio of fourth-to- third-quarter employment. The closer the index to one, the less seasonal the industry. Table 2 shows the seasonality of Alaskan industries. Seasonality has decreased in importance over time, owing to several factors. First, the shifting structure of the economy toward the sup- port sectors has resulted in increasing concentration in nonseasonal employment such as services and trade. Second, technology became avail- able during the period to permit winter construction activity, and market conditions made it profitable to employ these technologies in Alaska. 37 SECTOR t4i ning Construction Manufacturing Transportation, Communication, Public Utilities Trade Finance, Insurance, and Real Estate Services Government Total TABLE 2. SEASONALITY OF EMPLOYMENT·IN ALASKA SELECTED YEARS, 1950 TO 1978 1950 1960 1965 1970 1975 1976 .6267 .7143 .7949 .8556 .9009 .9690 .79 .5862 .6460 .7279 .8374 .6906 .2440 .5137 .6531 .5457 .6886 .6714 .8248 .9683 .9125 .8851 .9887 .8871 .9226 .9718 .9905 .9733 1.0048 .9120 1.0 1.0 .9706 .8942 1.0 .927 .9583 .9123 .9664 .9716 . 9812 .9387 .9632 .9815 .9617 .9810 1.0049 .9689 1977 .9190 .720 .650 1 .035 .985 1 .040 .936 1.005 .7505 .8313 .8718 .88 .9402 .8733 .935 SOURCE: State of Alaska, Alaska Labor Force Estimates, various years. 38 1978 .9459 .766 .596 .908 .961 .979 .923 1.112 .940 r: L [ [ [ [ b [ [ r ~ L [ [ [ [ [ [ r L [ [ [ [ r~ L r~ I L [ Price Levels and Inflation. Perhaps the most commonly recognized characteristic of the Alaskan economy is its high price level relative to the United States. Cost-of-living differences have been estimated at between 37 and 66 percent between Anchorage residents and U.S. urban dwellers on average. Price differences are much more accentuated in rural areas, possibly as high as 70 percent more than Anchorage (see Scott, 1978). This price differential is attributable to a wide variety of causes including high transport costs to and within Alaska, high construction costs, uncertainties and delays in shipping, and rapid fluctuations in both private and government activity that create short- ages and bottlenecks within the state. What is less commonly recognized than the high level of Alaskan prices is their tendency to increase at a rate less than that of the United States. Figure 16 shows the rate of inflation in Alaska and the United States as a whole. Generally, there has been an historical tendency of Alaskan inflation to remain below the U.S. level. This effect is to be expected in a developing economy, as expansion of markets permits reali- zation of economies of scale in transportation and distribution and improved infrastructure generally reduces the costs of market trans~ actions. There is a notable exception to this principle, however, namely when the growth occurs at a rate so fast as to create bottlenecks and shortages before the existing infrastructure can adjust to the new capacity requirement. Price increases then serve as the adjustment mechanism; and in such cases, Alaskan inflation has actually run ahead of that in the United States. However, as seen in the figure, this has 39 0.100 0.050 1965 FIGURE 16. ALASKAN AND U.S. INFLATION, 1965-1978 1970 USINF 1965 0.016 1966 0.03 1967 0.028 1968 0.042 1969 0.054 1970 0.059 1971 0.042 1972 0.033 1973 0.062 1974 0. 11 1975 0. 091 1976 0.057 1977 0. 065 1978 0.076 19"75 ANINF 0.003 0.039 0.021 0.026 . 0.032 0.035 0.03 0.027 0.042 0.108 0.137 0.072 0.072 0. 071 United ._~~.c.. $tates Alaska (USINF) (ANINF). 1980 .. ·[ I l . [ [ [ [ [ [ [ r , -----·--------------------------------------------------------------------------------~ SOURCE: Based on U.S. consumer price index and Anchorage consumer price index estimated by U.S. Department of Labor, Bureau of Labor Statistics. 40 J ' I L L [ [ [ L~ [ [ [ [ [ c Q c ~ [ [ r L r~ L [ happened in only four of the years since 1965; and three of these years (1975 to 1977) reflected the effects of the pipeline construction. Thus, while periods of rapid expansion may generate adverse price effects, the general tendency of stable growth is characterized by rates of increase lower than the United States, implying a long-term tendency toward equalization of price levels. The Role of State Government. Probably the most significant long-term structural change induced by Alaskan petroleum development will be the alteration in the role of state government in the economy. Part of this change had already been realized during the historical period, but much of the change will occur in the future. As shown in Figure 17, the state•s annual general fund revenues by 1978 had risen to more than seven times their 1965 levels. These revenues can be divided into three broad groups: petroleum revenues such as production taxes, royalties, and property taxes; federal grants; and revenues from a variety of nonpetroleum state taxes such as income and corporate taxes. Federal grants in aid were the major source of state revenues through most of the 1960s, accounting for over 55 percent of general fund revenues in 1965. After 1970, growth in such grants expanded rapidly, growing at over 15 percent annually. Because they are tied closely to· population, such grants are likely to continue to grow into the future. However, as a share of total revenues, their contribution has fallen over time, to about a fifth of total revenues by 1978. 41 FIGURE 17. STATE GOVERNMENT REVENUES, 1965-1978 (millions of current dollars) Total (REVGF) Prudhoe Bay Lease Sale ) 800. 400. Other ( RNDS) ~----Federal (RFDS) 0. 1965 1970 1975 1980 REVGF RP9S RNDS RFDS 1965 150.987 16.473 51.209 83.305 1966 152.564 21 .601 61.545 69.418 1967 168. so 7 21 .466 67.837 79.204 1968 177.628 42.967 72.944 61.717 1969 188.119 32.841 . 81.829 73.449 1970 1146.22 936.182 133.525 76.513 1971 355.991 47.702 197.76 110.529 1972 376.236 45.308 206. 771 124.157 1973 385.462 51.249 188.624 145.589 1974 424.578 76.838 206.428 141.312 1975 588.82 87.49 315.125 186.205 1976 1017.83 385.756 391.375 240.703 1977 1186.5 472.596 484.285 229.624 1978 1073.37 480.81 344.756 247.8 [ [ [ [' [ r L_, [ [ c b [ ·.[ [' _, r· L ----------~~~~~~~--------------------------~----~------------~----~-------------------------r SOURCE: Alaska Department of Revenue, Revenue Sources, various issues. L 42 L [ [ [ [ r [ r L [ [ [ [ [ r I- L A variety of nonpetroleum-related state revenues such as the corporate and personal income taxes, interest earnings, and a variety of license and various other fees contributed greatly to the growth of state revenues over the period. Between 1970 and 1979, such revenues grew at an annual rate of 14.5 percent, contributing nearly a third of state revenues by 1979. However, the major structural change in the pattern of state revenues is the growing dominance of petroleum revenues due to the development of Prudhoe Bay. The first major impact of such development occurred in fiscal 1970 when the sale of drilling rights brought the state over 900 million dollars in revenue, over 4.5 times the level of revenues from all other sources in 1970. This surplus was used largely to finance expanded services through the mid-seventies, before production from Prud- hoe would initiate the flow of royalty and severance tax revenues. Pro- duction began in 1977, and by 1979 associated revenues were contributing over 48 percent of total general fund revenues. State government expenditures, as shown in Figure 18, also grew nearly sevenfold between 1965 and 1978. Generally, three distinct subperiods can be identified during the period--the pre-Prudhoe sale period from 1965 until 1970, the pre-production period in the interim between the sale and the onset of Prudhoe production (1971-76), and the production period from 1977 to 1978. Before the Prudhoe sale, expenditure growth was constrained by the availability of revenues. Expenditure growth between·l965 and 1970 averaged 12.6 percent annually. Between 1970 and 43 FIGURE 18. STATE GOVERNMENT EXPENDITURES, 1965-1978 (millions of current ~ollars) 800. 400. 0. 1965 1970 1975 E995 EXOPS . EWSS 1965 175.531 88.4 5.2~244 1966 179.837 100.5 59.82 1967 211.124 113.6 67.6 1968 228.245 129.3 76.688 1969 271.559 152.1 88. 125 1970 318.386 199. 107.75 1971 455.044 315.8 131.019 1972 524.41 366.5 154. 192 1973 601 .833 421 .8 163.747 1974 665.766 482.3 200.747 1975 793.386 597.6 244.023 1976 1043.46 778.9 269.357 1977 1122.13 895.1 290.933 1978 1200. 1047. 322-.493 -f [ [' Total {E99S) Operatin r~ Expendit res (~XOPS) - (EWSS) 1980 r L [ [ [ c [ [ r . L f' __________ S_O_U_R_C_E_:_A_l_a_s_k_a_O_f_f_i_c_e __ o_f_t_h_e __ G_o_ve_r_n_o_r_,--T-he __ E_x_e_c_u_t_iv_e __ B_u_d_g-et--,-v-a_r_i_o_us __ i_s_s_u_e_s_. _______ L 44 [ [ r L [ [ [ L r= L I' I . L [ 1976, the growth of expenditures accelerated to nearly 22 percent annually, spurred by increased demands for public services throughout the pipeline construction and financed by the surplus from the Prudhoe sale and later by a tax on reserves in place at Prudhoe. Since 1976, expenditure growth has stabilized at an average 7.3 percent annual rate of increase. As shown in Figure 18, wages and salaries paid to state workers main- tained a stable share of total expenditures, varying only between a third and a fourth of total expenditures during the period. Growth in such wage and salary payments averaged 15 percent annually over the period, although employment grew at only about 8 percent until peaking in 1975, then actually declined until 1978 when it began to grow modestly again. The more rapid growth in wages financed a growth in real wages at over 7 percent annually. While real wages for the civilian sector as a whole fluctuated wildly during the period immediately prior to and after the peak of pipeline construction, by 1978 real civilian wage rates gen- erally were only 21 percent higher than their 1965 levels. Real wage rates in state government, on the other hand, were 48 percent higher by 1978. Limiting the analysis to state employees, however, understates the full impact of the expansion of state expenditures on the economy. As shown in Figure 18, while state government wages and salaries occupied a fairly stable share of state expenditures, total operating expenditures did not. In fact, operating expenditures rose from less than half (46 percent) of the budget in 1965 to over 87 percent of the budget in 1978, reflecting largely the transfer of functions to a rapidly expanding 45 local government sector. Largely financed by state transfers, local employment nearly quadrupled during the period, growing at an average 10.8 percent annual rate. Over the period, combined state and local government grew from 11.8 per- cent to 18.4 percent of total wage and salary employment and raised its share of total wage and salary payments from 12.7 percent to 19 percent. Even more significantly, the revenue claims on future production at Prudhoe alone promise to accelerate the state government role in the economy, both as an employer and as a provider of direct investment. The overtaking of expenditures by state revenues and their expected rapid growth provide the state with a wide range of future expenditure options, which will be discussed below. The Regional Economies of Anchorage and the Norton Sound Area The impacts of proposed federal OCS developments in the Norton Sound area are likely to be concentrated in two areas of the state: Anchorage, because of its role as a statewide support center; and the area surround- ing Norton Sound, because of its proximity to production operations. Consequently, this section examines the historical development of these two local economies in order to provide a point of reference for develop- ment of the base case forecasts to be presented below. 46 \ : L I' L [ [ [ L L L I , L f' I . L L [ [ [ [' r~ L L [ c [: .. [j [ [ I' L r' I . (_j ANCHORAGE At least in recent history, Anchorage has occupied a central role in Alaskan economic growth, as a transportation and support center for the state. Because of its size relative to the statewide economy, state- wide activity both mirrors and is mirrored by economic activity in Anchorage. Consequently, the development process of Anchorage has generally been quite similar to the growth of the state as a whole. However, there have been. some significant differences in growth patterns which have led to an increasing concentration of state activity in Anchorage. .We now turn to an examination of the major features of this process. Dimensions of Growth Population. Figure 19 presents the growth of Anchorage population since 1965. In 1965, 38.6 percent of Alaskan population was located in Anchor- age. By 1978, over 45.6 percent of statewide population was located in Anchorage. Between 1965 and 1969, Anchorage population grew at almost exactly the rate of statewide population increase (2.7 percent). From 1969 until the start of the pipeline buildup, however, the average growth rate of Anchorage population more than doubled, to 6 percent; while the statewide rate rose, but to only 3.6 percent. The population response to the pipeline construction effort was somewhat different in Anchorage than statewide. Between 1974 and the peak of construction in 1976, statewide population expanded 17.7 percent, while Anchorage population grew 20.1 percent. However, while statewide population declined after 47 1965· FIGURE 19. ANCHORAGE POPULATION, 1965-1978 1970 1965 1966 1967 1968 1969 1970 1971 1972 1973 1974 1975 1976 1977 1978 (thousands of persons) POPTR5 102.337 105.925 107.817 111.6 114.15 126.333 135.777 144.21 5 149.44 1 53. 11 2 177.817 1 85. 1 7 9 195.826 185.5 1975 SOURCE: Alaska Department of Labor 48 [ [ [' [ l. t L r~ L r, L [ [ b 1980 [ b [ [ ,. L [' I Li [ L L [ [ 6 [ l ~ ~ I, L 1976~ Anchorage population did not peak until 1977~ reflecting a greater concentration of production-oriented activities in Anchorage. Employment. Figure 20 presents the growth of Anchorage employment since 1965. Total employment in the period 1965-1978 grew at an average annual rate of 5.2 percent~ higher than the statewide average (4.4 percent). Basic sector employment~ as shown in Figure 21~ grew at a 6.9 percent annual average rate, compared to 6.1 percent statewide. This growth was driven by an increasing concentration of petroleum industry headquarters in Anchorage, as well as by rapid growth in construction employment associated with the location of new support facilities in Anchorage. The support sector grew even more rapidly~ at an average annual rate of over 10.1 percent, com- pared to 8.9 percent statewide. As shown in Figure 22, trade and services comprise over 70 percent of support sector employment throughout the period. The greatest growth came in the service sector~ which grew at an average annual rate of 11.5 percent~ while trade lagged at 9.3 percent. Within the government sector, as shown in Figure 23~ there were dramatic struc- tural changes during the period~ with state and local government rising from 14 percent of total government employment in 1965 to over 34 percent of the total by 1978. The overall structural composition of Anchorage employment differs signif- icantly from the rest of the state, insofar as over half of the Anchorage workforce is employed in the support sector; while outside of Anchorage only 37 percent of total employment is in that sector. This structural difference explains a great deal of the resiliency of the Anchorage economy 49 75. 50. FIGURE 20. ANCHORAGE EMPLOYMENT, 1965-1978 (thousands of persons) Total (EM99R5) ~ ...... -... Support Sector ( EMSl R5) 0. !--~----.---~--~--_.---4----~--.---~--~--.. --~--._.Basic Sector ------------------------·-•··-,.., -•·--•-oo-•- 1965. 1970 1975 1965 1966 1967 1968 1969 1970 1971 1972 1973 1974 1975 1976 1977 1978 EM99R5 45.826 46.679 47.943 49.22 52.237 54.878 59.905 61 .956 64.676 72.248 82.277 85.256 93.046 88.478 EMS1R5 12.959 13.755 14.727 15.702 16.212 20.907 23.039 24.61 26.41 31 . 151 39.351 43.074 45.487 45.372 SOURCE: Alaska Department of Labor 50 EMG9RS EM61RS 28.546 4.321 28.81 4. 114 29.135 4.081 29.438 4.08 29.037 4.988 28.429 5.542 30.846 6.02 30.977. 6.369 31.952 6.314 32.7 8.397 32.899 10.027 31.457 10.725 36.32 1_1.239 32.878 10.228 ( EMG9R5) (EMB1R5) 1980 [~ .. f ~ ! . [ [ [ L r , I u [ [ L [_J r= L I' L [ 12.0 8.0 0. 1965 1965 1966 1967 1968 1969 1970 1971 1972 1973 1974 1975 1976 1977 1978 FIGURE 21. ANCHORAGE BASIC SECTOR EMPLOYMENT 1965-1978 (thousands of persons) Total r1ining 1970 1975 - EMA9R5 EMP9R5 EMCNRS EMM9R5 EMB1R5 0.033 0. 371 3.126 0.791 4.321 0.023 0.448 2.846 0.797 4. 114 0.029 0.562 2.722 0.768 4. 081 0.027 0.781 2.438 0.834 4.08 0.036 0.858 3.142 0.952 4.988 0.052 0.958 3.514 1.018 5.542 0.063 0.916 3.924 1.117 6.02 0.076 0.806 4.272 1. 215 6.369 0.082 0.768 4.178 1.286 6.314 0.1 1.036 5.882 1.379 8.397 0.099 1. 301 7.054 1.573 10.027 0.1 1.409 7.587 1.629 10.725 0.133 1 .424 7.995 1.687 11.239 0.24 1.874 6.431 1.683 10·. 228 SOURCE: Alaska Department of Labor 51 ( EMBl RS) (EMCNR5) ( H1P9R5) 1980 25. FIGURE 22. ANCHORAGE SUPPORT SECTOR EMPLOYMENT 1965-1978 (thousands of persons) Total (EMS1R5) Services ( EMS9R5) (EMD9R5) 0. 1965 1970 1975 1980 EMU9R5 EMo:.q5 EMFIR5 EMS9R5 EMS1R5 1965 2.618 5.279 1 .295 3.767 12.959 1966 2.619 5.695 1 .359 4.082 13.755 1967 2.771 6.261 1 .363 4.332 14.727 1968 3.046 6.552 1.452 4.652 15.702 1969 3.515 7.548 1 .604 5.545 18.212 1970 3.907 8.617 1. 98 6.403 20.907 1971 4.591 9.334 2.087 7.027 23.039 1972 4.522 9.948 2.415 7.725 24.61 1973 4.625 10.663 2.803 8.319 26.41 1974 5.583 12.298 3.151 10.119 31. 151 1975 7.343 14.928 3.615 1 3.465 39.351 1976 7.409 15.958 4.257 15.45 43.074 1977 7.961 16.576 4.74;j 1 6.207 45.487 1978 7.95 16.865 5.019 1 5.538 45.372 SOURCE: Alaska Department of Labor 52 [ [ r~ L L [ L L r , L r" I L L [ [ L [ r~ L [ [ c [ 6 [ [ I ~ L f' L [ 30.0 20.0 10.0 0.0 1965 FIGURE 23. ANCHORAGE GOVERNMENT SECTOR EMPLOYMENT . 1965-1978 (thousands of persons) 1970 1g?$ EMGAR5 EMGFR5 EMG9R5 1965 4.001 24.545 28.546 1966 4.289 24 .. 521 28.81 1967 4.664 24.471 29.135 1968 5.022 24.416 ·29.438 1969 5.712 23.325 29.037 1970 6.036 22.393 28.429 1971 6.866 23.98 30.846 1972 7.839 23.138 30.977 1973 8.345 23.607 31.952 1974 9.242 23.458 32.7 1975 1 0. 035 22.864 32.899 1976 9.465 21.992 31 .457 1977 11.101 25.219 36.32 1978 1 1 . 266 24.713 32.878 SOURCE: Alaska Department of Labor 53 Total ( Er1G9R5) ( EriGFR5) ( EMGAR5) 1980 in the wake of construction employment declines following pipeline com- pletion. Because Anchorage is much more dominated by support sector activities than the rest of the state and because such activities appear to have fallen off very modestly in the post-pipeline years, Anchorage has been less hard hit by the decline than other regions more dependent on basic sector employment. Income. In the period 1965-1974, Anchorage income growth closely fol- lowed that of the state. As shown in Figures 24 and 25, personal income grew steadily during the 1965-1974 period, averaging nearly 13 percent annually, slightly higher than the statewide rate (12.6 percent). From the beginning of the pipeline buildup to the peak of construction in 1976, Anchorage income grew 69.3 percent, as opposed to a statewide growth of 72 percent. In real per capita terms, Anchorage income expanded 13.5 per- cent during the two-year buildup from 1974 to 1976; while statewide income expanded 18.6 percent during the same two years. On the other hand, the Anchorage income behavior in the post-pipeline period has been far different from the statewide response. In nominal terms, statewide personal income growth slowed to 2.6 percent annually; and although 1978 data for Anchorage is not yet available, the 1977 income figure registers a 16.6 percent growth over the 1976 level. As in the case of employment, this difference is due to two structural features of the Anchorage economy. First, the concentration of petroleum industry administrative personnel in Anchorage maintained basic sector incomes even as the pipeline was completed; and second, the concentration of the more resil- ient support sector in Anchorage maintained support sector incomes in the face of the construction decline. 54 r-. l " r . L L L [ [ [ L r , L I, I L [ [ [ [ L L [ [ r L r~ L L l b [ b . [ [ - ,--L ____ _ r I : L [ 17S0. 1250. ?50. FIGURE 24. ANCHORAGE PERSONAL INCOME, 1965-1977 (millions of current dollars) 1970 1965 1966 1967 1968 1969 1970 1971 1972 1973 1974 1975 1976 1977 PIR5 371. 398. 462.2 501.6 586.2 662.7 732.9 800.2 883.1 1111.6 1614.4 1882.5 2073.8 1975 1980 ·-·-----·····-···-----·-------------------:-----------------SOURCE: U.S. Department of Commerce, Bureau of Economic Analysis. 55 FIGURE 25. ANCHORAGE REAL PER CAPITA INCOME, 1965-1977 (thousands of 1979 dollars) X103 14.0·r-------------~~~~~~~~~~_n~~--------~ 12.0 1970 1975 1980 PIRPCR5 1965 8209.02 1966 8428.73 1967 9400.62 1968 9326.04 1969 10273.5 1970 9976.8 1971 10167.2 1972 10205.2 1973 10515.9 1974 11715.2 1975 12830.1 1976 13298.5 1977 13078.5 SOURCE: Population from Alaska Department of Labor, Personal Income from U.S. Department of Commerce, Bureau of Economic Analysis. 56 [ [ l .. f- . . .. L f ' l ' I L, r~ [ [ c c b [ L r L r I L L ,~ L [ [ b c L [ [ f L f' L [ Summary of the Growth Process The Anchorage economy, like the state as a whole, has undergone a period of rapid growth since 1965. Generally, during the pre-pipeline period, this growth mirrored statewide growth, although a significant structural difference--the concentration of support sector employment in Anchorage-- kept Anchorage growth slightly ahead of the statewide average in the pre-pipeline years, increasing the concentration of Alaskan economic activity in the Anchorage area. The concentration of support sector activity in Anchorage led to different economic responses to the pipe- line boom and its aftermath in Anchorage than in the state as a whole. Generally, the boom in Anchorage during the 1974-1976 period was slightly less pronounced than in the state as a whole, largely because support sector income variation during the boom was less variable than that of the basic sectors, especially construction. Furthermore, and perhaps of greater significance, the decline of economic activity in the state since 1976 has been much less severe in Anchorage than elsewhere for two reasons. The portion of basic sector employment located in Anchorage is largely administrative, and such employment has declined much less drastically than field construction employment since 1976. Second, the statewide support sector has maintained its peak level, at least through 1978, and the concentration of the sector in Anchorage has limited the post-pipeline decline in the region. NORTON SOUND Two census divisions, Nome and Wade Hampton, comprise the area along the perimeter of Norton Sound. Unlike the Anchorage economy, whose growth 57 is directly tied to statewide activity, the Norton Sound region is a very small economy, largely isolated from the bulk of statewide activity. Dimensions of Growth Population. Figure 26 presents the growth of Norton Sound population during the 1965-1978 period. Population fluctuates substantially throughout the period, although such fluctuations are due at least in part to measurement error. The Alaska Department of Labor acknowledges such problems and cautions users that such problems are most serious for the smaller census divisions. The census years, however, are thought to be reliable, as is the 1978 value, calculated as a change from the 1970 census. Using these points, the 1978 population in the area reflects an average growth of 2.3 percent annually since 1970, well above the 0.4 percent average annual growth experienced in the region between 1960 and 1970. Because of its slow growth relative to the state as a whole, the region declined from approximately 4 percent of Alaskan population in 1960 to less than 3 percent in 1978. Employment. The growth and composition of Norton Sound employment is presented in Figure 27. While employment fluctuation has been much less than population (possibly due to better quality data than to any real behavioral phenomenon), there has been some fluctuation, with three periods clearly identifiable. From 1965 to 1971, total employment was relatively stable. Within the basic sector, there were wide fluctuations in construction and manufacturing employment, but these fluctuations 58 [ L L L [ ~ [ [ r L [ [ [ [ [ r L [ [ [ [ [ r= L r, L FIGURE 26. NORTON SOUND POPULATION, 1965-1978 (thousands ·of persons) 11.80 10.60 10.00 9.40 ..__ ____ _ 1965 151?0 1965 1966 1967 1968 1969 1970 1971 1972 1973 1974 1975 1976 1977 1978 SOURCE: Alaska Department of Labor 59 1975 PO PTRB 11 . 05 4 .11 .464 11.314 11 . 51 10.96 9.666 9.667 9.68 9.56 11.165 10.944 10.931 9.498 11.6 1980 FIGURE 27. NORTON SOUND EMPLOYMENT, 1965-1978 (thousands of persons) 3.a0 2.40 1965 1970 1975 EM99R8 EMG9R8 EMS1R8 EM61 R8 1965 1. 759 1 . 108 0.461 0.19 1966 1.869 1 .248 .0. 491 0.13 1967 1 .868 1 .134 0.56 0.174 1968 1.866 1 .065 0.573 0.228 1969 1.848 1. 072 0. 531 0.245 1970 1. 726 0.99 0.543 0.193 1971 1. 704 1 • 014 0.503 0.187 1972 1 .907 1.096 0.572 0.238 1973 2.11 3 1.174 0.708 0.231 1974 2.22 1 .155 0.883 0.182 1975 2.528 1 . 188 1.109 0.23 1976 2.77 1 .244 1. 126 0.399 197 7 2.482 1.178 0.933 0.371 1978 3.135 1 .602 1. 216 0.317 Total ( EM99R8) Government (EMG9R8) Support (EMS1R8) Sector Basic (EMB1R8) Sector 1980 [ [ r L 1: L [ [ r· L ~--------------------[' SOURCE: Alaska Department of Labor L 60 [ [ ~ [ [ [ L [ r L r L [ E G [ 6 [ [ I: L acted to at least partially offset one another, as shown in Figure 28. Support sector employment remained somewhat stable at about 500 persons, as shown in Figure 29. Government sector employment was undergoing sub- stantial structural change, with state and local employment growth largely offsetting a substantial decline in feder~l (primarily military) employment, as shown in Figure 30. By 1971, growth in state and local government and a mild construction boom spurred a round of growth and structural change which continued through 1975. Between 1971 and 1975, support sector employment grew by over 120 percent, with most of this growth occurring in services and finance. By 1975, the support sector comprised 44 percent of total employment, compared to 39 percent in 1971. By 1976, support sector growth had moderated and actually declined in 1977. By 1978, however, a large increase in state and local government employment, as well as more modest growth in manufacturing, acted to more than offset a sharp construction decline to trigger new growth in the support sector, almost wholly in services. By 1978, total employment had reached a level 78 percent higher than in 1965, and a substantial amount of structural change had occurred within and between the major sectors of the economy. Basic sector employment by 1978 was much more heavily composed of mining and construction activity than in the earlier years when manufacturing dominated the basic industries. Services now dominated the support secto~. and state and local government had completely reversed roles with the federal government as a source of government sector employment. The support sector had risen to nearly 39 percent of total employment, as opposed to 26 percent in 1965, making the local economy resemble more closely the statewide economy by the end of the period. 61 0.400 0.300 FIGURE 28. NORTON SOUND BASIC SECTOR EMPLOYt·1ENT 1965-1978 (thousands of persons) Total (EMB1R8) r l-" ( EMt·19R8) [ 0.000 1965 1965 1966 1967 1968 1969 1970 1971 1972 1973 1974 1975 1976 1977 1978 1978 EMA9R8 o. o. 0.003 0.009 0.005 0.005 0.003 0.01 0.008 0.008 o. o. 0. o. EMP<:irt8 0.007 0.007 0.009 0.014 0.012 0.009 0.017 0.008 0.003 0.009 0.041 0.108 0.12 0.1 SOURCE: Alaska Departnent of Labor 62 EMCNR8 EMM9R8 0.094 0.088 0.03 0.093 0.073 0.09 0.101 0.103 0.078 0.15 0.039 0.14 0.038 0.128 0.083 0.137 0.065 0.156 0.049 0. 115 0.099 0.09 0.202 0.089 0.131 0.114 0.084 0.132 Mining (EMP9R8) ( Et~CNR8) Ag/For/Fish. (EMA9R8) 1980 EMB1R8 o. 19 0.13 0. 174 0.229 0.245 0. 193 o. 187 0.238 o. 231 0.182 0.23 0.399 o. 371 0.317 [ [ [ r = L r I: u [ [ [ [ [ [ r L [ [ [ [ 6 [ [ r = L f ' L 1.50 FIGURE 29. NORTON SOUND SUPPORT SECTOR EMPLOYHENT 1965-1978 (thousands of persons) ( EMSl R8) Services (EMS9R8) ~,.C:-.....-~~,__ ... Trade ( EMD9R8) !:==----~~====~--~~----~~=~~:;~-.._~~~T~r<ans/Comm/ Public U ilities Finance (EMU9R8) 1975 1980 EMU9R8 EMD9R8 EMFI.Rs-. · EMS9R8 EMS1R8 1965 0. 112. 0.187 0.01 ·. o. f$-1; ·, 0.461 1966 0.1"24 0.186 0.011 0.11: ·:o •. .491 1967 0.135 0.209 0.01 0.205 0.56 1968 0.123 0.249 Q.~01 t 0.19 0.573 1969 0.112 0.218 0.009 Q.1g. 0.531 1970 0.125 0.202 0.009 0.297 0.543 1971 0.121 0.195 0.011 0·.176 0.503 1972 0.134 0.206 0 .018" 0.214 0.572 1973. 0.202 0.244 0.036 0.225 0.708 1974 0.214 0.328 0.069 0~271 0.883 1975 0.229 0.295 0.194 0.391 1. 109 1976 0.197 0.315 0.206 0.408 j. 126 1977 0.142 0.339 0.168 0.283 0.933 1978 0.15 0.354 0.144 0.567 1. 216 SOURCE: Alaska Department of Labor 63 0. 0. FIGURE 30. NORTON SOUND GOVERNMENT SECTOR EMPLOYr1ENT 1965-1978 1965 1978 1975 EM GARS EMGFR8 EMG9R8 1965 0.319 o. 789. 1.108 196"6 0 •. 348 0.9 1.248 1967 0.355 Oc. 778 1.134 1968 0.317 0.747 1.065 196·9 : -e 0.341 0.73 1.072 1970 0.-384 0.60.6·. 0.99 1971 0.440 . 0.568 1.014 1972 0.549 0.548 1. 096 1973 0.568· 0.606 1.174 1974 0.519 0.637 1.155 1975 0.569 0.619 1.188 1976 0.633 0.611 1 -244 1977 0.664 0.514 1.178 1978 1.073 0.529 1.602 SOURCE: Alaska Depart~ent of Labor Total State e\ Local ( Er1G9R8) ( EMGAR8) [ r ~ L " L r~ L [ Federal (EMGFR8) [ 1980 [ [ [ [' r , L r, L L [ [ [ [ l~ l~ [~ r L [ l [ b c u [ [ I , L r L [ Income. Figures 31 and 32 present the growth of Norton Sound personal income in nominal and real per capita terms, respectively. In nominal terms, income grew steadily throughout the period, at an average annual rate of 13 percent. Real per capita income grew at an average rate of 8.8 percent annually. Summary of the Growth Process The Norton Sound area, while having undergone substantial growth during the 1965-1978 period, has followed a development pattern quite different from that of Anchorage or the state as a whole. Unlike the rest of the state, in which the major driving force of the growth process has been growth of basic sector employment, the source of growth in Norton Sound has been growth of the support sector itself, fueled in part by payments made under the Alaska Native Claims Settlement Act and a variety of other income transfer programs, but primarily by a rapid increase in government employment toward the end of the period. This development has altered the structure of the regional economy radically over the period, creating an increased dominance of support sector employment which, by 1978, much more closely resembled the structure of the state- wide economy. 65 50. 30. 10. '------- 1965 FIGURE 31. NORTON SOUND PERSONAL INCOME (millions of current dollars) 1970· 1965 1966 1967 1968 1969 1970 1971 1972 1973 1974 1975 1976 1977 PIR8 13.9 14.8 15.4 18.4 20. 21.3 23.6 26.8 51.8 47.2 57.1 65.7 60.4 SOURCE: U.S. Department of Commerce, Bureau of Economic AnalysJs. 66 r r [ r· f" [' [ 1: G [ [ [ 1980 [ [ E [ r r L I' I . L [ [ [ [ L [ r L r L L [ b [ L [ [ r- L FIGURE 32 .. NORTON SOUND REAL PER CAPITA INCOME, 1965-1977 (thousands of 1979 dollars) X103 10.0~~----------~BD~~~~~~Lg~~~~~--------~-, 8.0 6.0 4.0 2~0 L---------------------------~~----------~ 1965 1970 1975 1980 1965 1966 . 1967 1968 1969 1970 1971 1972 1973 1974 1975 1976 1977 PIRPCR8 2847.38 2896.03 2984.83 3317.01 3650.63 4191.06 4598.36 5092.08 9642.21 6821.73 7373.12 7862.55 7853.53 1-~--------------------------------~--~~--~--1. u [ SOURCE: Population from Alaska Department of Labor; personal income from U.S. Department of Commerce, Bureau of Economic Analysis. 67 Summary The period from 1965 to 1978 was one of significant growth and structural change within both the statewide economy and the regional economies of Anchorage and the Norton Sound. Statewide, the period was characterized by stable growth stimulated largely by a growing petroleum industry and state and local government prior to 1974, after which an 11 explosion 11 in incomes, wages, employment, and population accompanied the construction buildup during the building of the trans-Alaska pipeline. Following the peak of pipeline construction in 1976, despite a precipitous drop in construction employment, support sector employment and incomes remained at near their peak levels. This, combined with maintained growth in government incomes, served to dampen greatly the severity of the economic decline following pipeline completion. Furthermore, the onset of production from Prudhoe Bay by the end of the period was providing the state government with a new and rapidly grow- ing revenue source with which it could control its future growth. Anchorage came increasingly to be the center of economic activity within the state over the historical period. Furthermore, much of the growth in the support sector was concentrated in Anchorage along with the admin- istrative component of basic sector employment. As a consequence, the Anchorage economy showed a much more stable response to the pipeline boom than any other region of the state. 68 [ [ [ [ [ b [ L I: L r, I L [ [ [ [ [ [ [ [~ p L [ [ E k [ 6 [ [ r= L L The Norton Sound area underwent structural changes during the period somewhat different from those of the state as a whole. Personal income transfers and later government sector growth triggered a substantial growth in the support sector, so that by 1978 the regional economy was altered to a structure much more closely resembling that of the state as a whole. 69 [ [ [ r~ L u - - [ [ r· L I"' I L; L III. STATEWIDE AND REGIONAL GROWTH WITHOUT THE PROPOSAL: THE BASE CASE Background Having examined the historical patterns of growth in the statewide and regional economies, it is now necessary to utilize the above information in developing a set of forecasts of statewide and regional activity through the year 2000. Generally, this information has been incor- porated into the calibration of statewide and regional econometric models, as described in Chapter I. However, such models .require the development of scenarios--sets of assumptions about exogenous activity-- upon which contingent forecasts may be made. This section has two pur- poses: first, to present the scenario upon which the forecasts are contingent; and second, to present the forecasts of the major economic variables through the year 2000 in the absence of the proposed Bering- Norton OCS development. This forecast will then serve as a benchmark from which to measure the impacts of the proposal in a later section. Assumptions: The Base Case Scenario The base case scenario consists of three sets of assumptions--those concerned with-national variables which directly or indirectly affect Alaskan economic activity, those describing development in the exogenous sectors of the Alaskan economy, and those affecting state fiscal policy. 71 NATIONAL VARIABLES ASSUMPTIONS Inasmuch as Alaska is an open economy, it is affected by changes in the national economy. Consequently, several assumptions about the future growth of the U.S. economy are required. The assumptions needed are threefold. First, a forecast of average weekly earnings in the United States is required as an input into the estimation of Alaskan wage rates. Second, the Alaskan price level is tied in part to the national price level so that a forecast of the U.S. consumer price index is needed. Finally, inasmuch as a major determinant of migration to Alaska is the income differential between Alaska and the lower 48, a forecast is required of real per capita disposable income in the United States. The long-run assumptions for these national variables are based on long- term forecasts prepared by Data Resources, Inc., in their September 1979 forecast of U.S. economic activity (TRENDLONG0979). This forecast pre- diets a long-run average rate of increase in the U.S. consumer price index of 7.56 percent. Real disposable per capita income is forecast to increase at a 2.12 percent average annual rate. Hourly earnings are forecast to increase at 8.73 percent, while average hours worked are forecast to decline slowly at -0.23 percent. Consequently, average weekly earnings may be expected to grow at an annual rate 'of 8.5 percent (i.e. 8.73 percent minus 0.23 percent). These long-term average growth rates were adopted as the three national variable assumptions utilized in the analysis. 72 [ r l I , ,, ' [ r , I u I= L. I • l r~ L-- r_: L EXOGENOUS INDUSTRY ASSUMPTIONS Several industries in the Al~skan economy grow largely or entirely in response to forces external to the Alaskan economy. These sectors include the federal government, mining, manufacturing, agriculture- forestry-fisheries, and portions of the construction and transportation industries. The assumptions affecting these sectors are of two types: industry-wide assumptions as to growth in federal government, agriculture- forestry-fisheries, and manufacturing; and special project assumptions affecting mining, construction, manufacturing, and transportation. Industry-Wide Assumptions Federal Employment. In 1978, federal employment in Alaska was 40,691, consisting of 55 percent military and 45 percent civilian personnel. Since 1972, civilian employment has increased at about 1 percent annually, while military employment has fallen at an annual rate of over 5 percent, reflecting an acceleration of a long-term downward trend. In the next several years, increased employment required to implement new federal land-use legislation is expected to accelerate the growth rate of civil- ian employ~nt, at least temporarily; while military employment is expected to remain constant, as shown in Table 3. Agriculture-Forestry-Fisheries. About a thousand persons statewide make up the sector which is designated agriculture-forestry-fisheries. New proposals for dramatic increases in bottomfishing have been suggested as a means to shift the Alaskan economy toward renewable resource industries. Thus, employment in agriculture, forestry, and fisheries during the 73 TABLE 3. FEDERAL EMPLOYMENT, BASE CASE (Thousands of Workers) Year Civilian 1 Military2 Total 1977 17.734 24.984 42.718 1978 18.19 22.501 40.691 1979 18.955 22.501 41.456 1980 19.345 22.501 41.846 1981 19.535 22.501 42.036 1982 19.712 22.501 42.213 1983 19.891 22.501 42.392 1984 20.072 22.501 42.573 1985 20.254 22.501 42.755 1986 20.438 22.501 42.939 1987 20.623 22.501 43.124 1988 20.81 22.501 43.311 1989 20.999 22.501 43.5 1990 21.19 22.501 43.691 1991 21.382 22.501 43.883 1992 21.576 22.501 44.077 1993 21.772 22.501 44.273 1994 21.970 22.501 44.471 1995 22.169 22.501 44.67 1996 22.37 22.501 44.871 1997 22.574 22.501 45.075 1998 22.778 22.501 45.279 1999 22.985 22.501 45.486 2000 23.193 22.501 45.694 11977 actual value from Alaska Department of Labor, Statistical Quarterly, Second Quarter, 1978. 1978 value from Alaska Department of Commerce and Economic Develop- ment, The Alaska Economy: Year End Performance Report, 1978, p. 43. 1979 to 1981 forecasts from Alaska Department of Commerce and Economic Development, The Alaska Information and Reporting System, Quarterly Report, July 1979, Table I. 1981 to 2000 forecasts based on historical rate of increase over the 1961 to 1978 period. 21977 to 1978 values from Alaska Department of Commerce and Economic Development, Jhe Alaska Economy: Year End Performance Report, 1978, p. 43. Assumed to remain at 1978 value throughout forecast period. 74 [ r, L [ 6 [~ [ r - L r: I L [ [ ~ [ [' l" L [ [ L E L [ 6 [ L r: L [ forecast period consists of two components--those persons engaged in bottomfishing and those persons engaged in activities which have his- torically characterized the sector (primarily also fishing activities). The Southcentral Water Study (Scott, 1979) estimated a 15 percent growth in conventional fisheries employment by the year 2000 over its 1978 level (implying an annual rate of growth of .637 percent). Thus, the conventional agriculture-forestry-fisheries employment was assumed to expand by 15 percent by the end of the forecast period. Bottomfishing by Alaskans, on the other hand, is assumed to replace foreign bottom- fishing entirely by the year 2000 so that a growing employment begins in 1980 and accelerates throughout the forecast period, requiring over 2,000 persons by the year 2000 (see Table 4). Manufacturing. The manufacturing sector consists of four components: food manufacturing (primarily seafood processing), lumber and wood products manufacturing, pulp and paper manufacturing, and other manu- facturing. The assumed increase in bottomfishing would result in an increase of 11,061 in food manufacturing employment by the year 2000. In addition, existing fisheries are expected to require a 15 percent increase in food processing employment by 2000 (see Report of Economics Task Force, Southcentral Alaska Water Resources Study, p. AD-4, 1/31/79). The remaining components of manufacturing are forecast to grow through 1981 at rates forecast by the Alaska Department of Commerce and Economic Development (see The Alaska Economic Information and Reporting System, guarterly Report, July 1979, Table 1). After 1981, these components grow at the historical growth rate of the manufacturing sector, or 4 percent. 75 TABLE 4. AGRICULTURE-FORESTRY-FISHERIES EMPLOYMENT FORECAST Year Bottomfishing 1 Othe/ Total --- 1977 0 1.1 1.1 1978 0 1.1 1.1 1979 0 1.107 1.107 1980 .015 1.114 1.129 1981 .018 1.121 1.139 1982 .021 1 . 128 1.149 1983 .026 1.136 1.162 1984 .032 1 .143 1.175 1985 .039 1 .150 1.189 1986 .049 1.157 1.206 1987 .062 1 .165 1 .227 1988 .079 1 .172 1. 251 1989 . 102 1.180 1.282 1990 .132 1 .187 1. 319 1991 . 171 1 .195 1 .366 1992 .223 1.202 1. 425 1993 .292 1.210 1 .502 1994 .383 1. 218 1. 601 1995 .505 1. 225 1. 730 1996 .667 1. 233 1. 900 1997 .882 1.241 2.123 1998 1 .169 1.249 2.418 1999 1 . 551 1.257 2.808 2000 2.060 1.265 3.325 1Alaska OCS Office. 2Actual 1978 value, increasing thereafter at .637 percent annually (see text). 76 r - L r L [ ~ [ [ [ [ l~ [ " L r L L (:; L ~ [ b [ [ TABLE 5. MANUFACTURING EMPLOYMENT FORECAST Food Year Lumber 1 PaEer 1 Bottomfishing 2 Other3 Other 1 1977 2.081 1 .248 0 5.447 1.943 1978 1.684 1 .076 0 5.983 2.852 1979 2.079 1 .135 0 5.906 2.683 1980 1.808 1 .146 .055 6.129 2.791 1981 1. 742 1 .245 .067 6.234 2.818 1982 1 .812 1.295 .081 6.267 2.931 1983 1.884 1.347 .101 6.299 3.048 1984 1.960 1 .400 .126 6.332 3.170 1985 2.038 1 .456 .159 6.365 3.297 1986 2.119 1 .515 .203 6.398 3.429 1987 2.204 1 .575 .261 6.431 3.566 1988 2.292 1 .638 .339 6.465 3.708 1989 2.384 1 .704 .443 6.498 3.857 1990 2.479 1. 772 .583 6.532 4.011 1991 2.579 1.843 .772 6.566 4.171 1992 2.682 1. 917 1 .026 6.6 4.338 1993 2.789 1. 993 1.369 6.635 4.512 1994 2.901 2.073 1.834 6.669 4.692 1995 3.017 2.156 2.463 6.704 4.880 1996 3.137 2.242 3.315 6.739 5.075 1997 3.263 2.332 4.471 6. 774 5.278 1998 3.393 2.425 6.039 6.809 5.489 1999 3.529 2.522 8.168 6.844 5.709 2000 . 3.670 2.623 11 .061 6.880 5.937 1Actual 1978 value, AEIRS forecast through 1981 (see text), historical 4 percent growth thereafter. 2 Alaska OCS Office. 3AEIRS forecast through 1981. After 1981, constant growth rate of 0.52 percent annually (constant rate producing a 15 percent rise in year 2000 employment over 1978 level [see text]). 77 Special Project Assumptions Upper Cook Inlet. Petroleum sector employment in the Kenai-Cook Inlet Census Division was 705 in 1977 (4 quarter average employment, taken from Alaska Department of Labor, Statistical Quarterly, 1977 issues), consisting of exploration, development, and production employment sur- rounding the Kenai oil and gas fields. While oil production is expected to decline drastically over the forecast period in the absence of new discoveries, gas production is expected to rise even without new dis- coveries. It is assumed that these increases, coupled with continued exploration activity and enhanced recovery generated by rising prices, will be sufficient to keep Upper Cook Inlet employment constant over the forecast period, as shown in Table 6. Prudhoe Bay. Prudhoe Bay developments include employment associated with primary recovery operations from the Sadlerochit formation, second- ary recovery operations using water flooding of that formation, new developments of the Kuparuk formation west of Prudhoe Bay, and the per- manent work force of ARCO and BP at the main Prudhoe base headquarters. The key assumptions serving as the basis for the forecasts in Table 7 are as follows: • Five rigs (3 ARCO, 2 BP) continue development drilling at a rate of 10 wells per year per rig through 1985 (based on estimated activity presented in OGJ 2/26/79). • The proposed Prudhoe water flooding project begins in 1982. Employment from 1982-84 is 2231, 2917, and 2467 on the project (estimates provided by Phillips, Alaska Division of Minerals and Energy Management, 3/6/79). 78 [ " L [ [ L [ [ r - L F I L_. [ ~ [ [ ~ [ [ [ r t_, [ L L [ [ b [ [ r, L ~~ L TABLE 6. UPPER COOK INLET EMPLOYMENT FORECAST Year Petroleum 1 1977 705 1978 705 1979 705 1980 705 1981 705 1982 705 1983 705 1984 705 1985 705 1986 705 1987 705 1988 705 1989 705 1990 705 1991 705 1992 705 1993 705 1994 705 1995 705 1996 705 1997 705 1998 705 1999 705 2000 705 11977 value from Alaska Department of Labor, Statistical Quarterly, 1977 issues. Assumption of constant employment based on Alaska Consultants, Inc., Baseline Conditions and Non-OCS Forecast Lower Cook Inlet Socioeconomic Systems, OCS Studies Program Technical Memorandum LCI-17. 79 TABLE 7. PRUDHOE BAY EMPLOYMENT FORECAST 1 Year Petroleum 1979 1772 1980 2044 1981 2155 1982 4337 1983 5134 1984 4684 1985 2217 1986 1802 1987 1802 1988 1802 1989 1802 1990 1802 1991 1802 1992 1802 1993 1802 1994 1802 1995 1802 1996 1802 1997 1802 1998 1802 1999 1802 2000 1802 1rncludes development of Sadlerochit and Kuparuk formations. See text for assumptions. 80 [ [ [ [ L. [ [ ,~ L r L L [ L [ E L [ ,. L r~ I . L l [ [ [ r L [ L [ b c b [ [ f ~ L r~ I L~ 1 The Kuparuk formation west of Prudhoe is developed, with drilling of production wells beginning in 1980. Production at a rate of 60,000 barrels per day begins in 1982, rising to 120,000 barrels per day by 1984 (OGJ, 4/2/79). 1 Permanent ARCO and BP employment on the North Slope rises from 1,000 in 1977 to 1,667 in 1983, then remains constant throughout the period (based on information contained in Prudhoe Bay Case Study, OCS Studies Pro- gram Technical Report No. 4). Trans-Alaska Pipeline Service (TAPS). TAPS employment through 1977 included only the exogenous construction employment engaged in the initial construction of the pipeline. After completion of the line in 1977, employment is of two types. First, there is additional construe- tion of four pump stations; and second, there is exogenous transportation sector employment associated with the operation of the line. These employment schedules are given in Table 8. ALCAN Natural Gas Pipeline. ALCAN pipeline construction is assumed to begin in 1981, with construction of an associated gas conditioning facility located on the North Slope beginning in 1980. Both facilities are assumed to be completed by 1985, when a staff of 400 petroleum and 200 transportation workers takes over operation of the facility, as shown in Table 9. Lower Cook Inlet OCS Sale CI. For purposes of scenario development, BLM recommended that in its analysis of the second proposed lease sale in Lower Cook Inlet (Sale 60)', Dames and Moore should assume that two- thirds of existing Lower Cook Inlet resources are located on tracts 81 TABLE 8. EMPLOYMENT FORECASTS, TAPS PROJECT Year Construction 1 TransQortation 2 1977 5,300 1,500 1978 0 1,500 1979 90 1,500 1980 90 1 ,500 1981 90 1,500 1982 90 1 ,500 1983 0 1,500 1984 0 1,500 1985 0 1,500 1986 0 1 ,500 1987 0 1,500 1988 0 1,500 1989 0 1,500 1990 0 1 ,500 1991 0 1,500 1992 0 1 ,500 1993 0 1,500 1994 0 1,500 1995 0 1,500 1996 0 1,500 1997 0 1,500 1998 0 1,500 1999 0 1,500 2000 0 1 ,500 11977 construction estimate by Alaska Department of Labor 1979 to 1982 construction employment based on addition of four pump stations adding capacity of .15 million barrels per day each, from Beaufort OCS Development Scenarios, Dames and Moore, 1978. 2operations employment from Alaska Economic Trends, Alaska Department of Labor, October 1978. 82 [ L [ c L L [ [ r: L r~ I (_j [ [ [ [ [ [ [ [ r L~ L [ b [ G [ [ I , L F I L L TABLE 9. EMPLOYMENT FORECASTS, ALCAN PROJECT Construction 1 Construction 2 Year {PiEeline} {Plant} Petroleum TranSEOrtation 1977 0 0 0 0 1978 0 0 0 0 1979 0 0 0 0 1980 0 500 0 0 1981 1 ,795 1,000 0 0 1982 6,823 1 ,000 0 0 1983 6,038 1 ,000 0 0 1984 563 1 ,000 0 0 1985 0 0 400 200 1986 0 0 400 200 1987 0 0 400 200 1988 0 0 400 200 1989 0 0 400 200 1990 0 0 400 200 1991 0 0 400 200 1992 0 0 400 200 1993 0 0 400 200 1994 0 0 400 200 1995 0 0 400 200 1996 0 0 400 200 1997 0 0 400 200 1998 0 0 400 200 1999 0 0 400 200 2000 0 0 400 200 1From Alaska Economic Outlook to 1985, Alaska Department of Labor, July 1978. 2From Prudhoe Bay Project: Draft EIS, Federal Energy Regulatory Commission, July 1979. 3same as note 2. 4 rnformal estimate by N.W. Alaska Pipeline Company, August 15, 1979. 83 leased in Sale CI. Based on this recommendation, 400 mmb of oil and 400 bcf of gas are assumed to be discovered on tracts leased in Sale CI. For their Sale 60 analysis, Dames and Moore have developed a scenario close to these assumptions (400 mmb oil, 363 bcf gas); and it is this scenario which is utilized here. The employment estimates associated with this scenario are shown in Table 10. Beaufort Sea Federal/State Lease Sale. Development of oil and gas resources in the Beaufort Sea are assumed to follow the development scenario described as the 11 intermediate case 11 in the Beaufort Sea Final Environmental Impact Statement. Such a scenario assumes the discovery of 750 million barrels of oil and 1.625 trillion cubic feet of gas, with employment requirements as shown in Table 11. Northern Gulf of Alaska OCS Sale 55. A second sale of federal OCS oil and gas leases in the Northern Gulf of Alaska has been proposed for late 1980. The mean development scenario is taken fran employment estimates supplied by the BLM-Alaska OCS Office for use in the simulations done for the Draft Environmental Impact Statement for Sale 55 and is shown in Table 12. Western Gulf of Alaska OCS Sale 46. In preparing the Draft Environmental Impact Statement for the proposed federal OCS lease sale near Kodiak in 1980, the BLM-Alaska OCS Office has developed a moderate development scenario assuming the discovery of 176 million barrels of oil and 5,350 billion cubic feet of gas in the Western Gulf of Alaska. The 84 I L"' [ [ r; [ [ r, L r . L 10 L L c L L [ [ c G [ [ I" L [ TABLE 10. LOWER COOK OCS SALE CI EMPLOYMENT FORECASTS Year Construction 1 Petroleum 2 Trans~ortation 3 Headguarters 1978 0 196 62 1979 0 160 103 1980 0 169 103 1981 0 166 108 1982 136 132 87 1983 72 61 128 1984 309 226 182 1985 351 898 251 1986 57 1 ,224 196 1987 0 1,239 144 1988 0 1 '1 03 165 1989 0 963 165 1990 0 923 165 . 1991 0 936 165 1992 0 974 165 1993 0 974 165 1994 0 913 151 1995 0 860 137 1996 0 825 135 1997 0 825 135 1998 0 825 135 1999 0 825 135 2000 0 825 135 1Based on 11 High-Find Scenario 11 in Lower Cook Inlet and Shelikof Strait OCS Lease Sale No. 60 Petroleum Develo~ment Scenarios, Draft Re~ort, Dames and Moore, March, 1979. 2rncludes drilling, operations, some support, and headquarters personnel. 3rncludes boat and helicopter support personnel. 85 21 37 32 37 24 24 37 77 134 153 141 135 133 133 133 133 133 133 133 133 133 133 133 [ [ TABLE 11. BEAUFORT SEA EMPLOYMENT FORECASTS 1 [ Year Construction Petroleum l-, 1977 0 0 1978 0 0 1979 0 0 [ 1980 0 0 1981 62 66 [' 1982 188 197 1983 135 197 1984 211 230 r, 1985 150 66 -1986 305 112 1987 383 276 I' 1988 466 479 L 1989 466 616 1990 155 595 [ 1991 155 524 1992 77 503 1993 155 432 [ 1994 155 435 1995 77 438 1996 22 440 [ 1997 0 417 1998 0 393 c 1999 0 394 2000 0 394 [ [j [ [ 1From Beaufort Sea, Final Environmental Im~act Statement. I ~ L I, I 86 L [ [ [ I' L. ~ L-' [ [j L [ b [ L I: L r, I L l- Year 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 TABLE 12. NORTHERN GULF OF ALASKA OCS SALE 55 1 EMPLOYMENT FORECASTS Construction Petroleum TransQortation 0 45 17 0 90 35 0 90 35 38 83 26 12 38 9 93 0 0 98 I 90 86 37 179 86 0 340 100 0 333 107 0 343 107 0 292 42 0 305 42 0 307 42 0 310 42 0 310 42 0 310 42 0 310 42 0 310 42 0 310 42 1From BLM-Alaska OCS Office. 87 direct employment requirements for such a development program are shown in Table 13. Lower Cook Inlet OCS Sale 60. Dames and Moore have developed scenarios for use in the OCS Studies Program to describe a moderate level of development in which 198 million barrels of oil are found in Lower Cook Inlet and 500 million barrels of oil are found in Shelifkof Strait. The employment required for such a development program is shown in Table 14. Alpetco. On June 18, 1978, Alaska Petrochemical Company entered into a contract with the State of Alaska to purchase a portion of the state's royalty oil for use in a proposed 150,000 barrel a day petrochemical facility near Valdez. According to the terms of the contract, construc- tion is to begin by the end of 1981. Since the contract has been in effect, several changes have been made in the initial proposal, which has been modified to a configuration primarily intended for refinery rather than petrochemical operations (Progress Report from Alpetco to Commissioner Robert LeResche, March 15, 1979). Once completed in 1983, current plans call for the employment of a permanent work force of 518, as shown in Table 15. Pacific Alaska LNG. Pacific Alaska LNG Associates, a partnership con- sisting of Pacific Lighting Company and Pacific Gas and Electric Company, has proposed an LNG facility on the Kenai Peninsula to liquify gas from the Cook Inlet for shipment to Southern California markets. Construction is currently scheduled to begin in 1980, with the plant in operation by 1984. Direct employment requirements are as shown in Table 16. 88 [ [ [ c [ u [ [ r· L [ [ [J [ [ [j r [ r- L r' L Year 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 TABLE 13. WESTERN GULF OF ALASKA OCS SALE 46 1 EMPLOYMENT FORECASTS Construction Petroleum Trans~ortation 0 42 8 0 97 59 310 124 224 13 110 128 231 98 62 254 57 46 52 233 173 6 304 217 6 407 261 0 113 192 0 103 192 0 89 192 0 89 192 0 89 192 0 89 192 0 89 192 0 89 192 0 89 192 0 89 192 0 89 192 1scenarios provided by BLM-Alaska OCS Office. 89 Year 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 TABLE 14. LOWER COOK INLET OCS SALE 60 1 EMPLOYMENT FORECASTS Construction Petroleum Trans~ortation 0 0 0 0 120 62 0 151 82 0 164 82 104 83 43 33 16 0 92 95 128 166 228 74 0 455 19 0 502 55 0 504 55 0 351 55 0 330 55 0 406 55 0 406 55 0 406 55 0 406 55 0 406 55 0 406 55 0 406 55 1Based on 11 medium-find scenario 11 in Lower Cook Inlet and Shelikof Strait OCS Lease Sale No. 60 Petroleum Develo~ment Scenarios, Draft Re~ort, Dames and Moore, March 1979. 90 I' L L [ L [ l5 [ l' r , L f ' I L [ b [ lj [ [ r , L. f' I L [ TABLE 15. ALPETCO PROJECT. EMPLOYMENT FORECAST Year Construction 1 Manufacturing 2 1979 0 0 1980 900 0 1981 900 0 1982 900 0 1983 0 518 1984 ·o 518 1985 0 518 1986 0 518 1987 0 518 1988 0 518 1989 0 518 1990 0 518 1991 0 518 1992 0 518 1993 0 518 1994 0 518 1995 0 518 1996 0 518 1997 0 518 1998 0 518 1999 0 518 2000 0 518 1construction employment estimates are not currently available for the new Alpetco proposal. However, the new configuration resembles a proposed facility found in Alaska Petrofining Corp Proposal for ytilization of Alaskan State Royalty Oil, Vol. I, from which the construction estimates are taken. 2operations employment estimated by Alpetco in personal communica- tion dated 9/17/79. 91 Year 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 TABLE 16. PACIFIC ALASKA LNG PROJECT EMPLOYMENT FORECASTS Construction1 Manufacturing 2 146 0 844 0 1 ,323 0 420 0 0 60 0 60 0 60 0 60 0 60 0 60 0 60 0 60 0 60 0 60 0 60 0 60 0 60 0 60 0 60 0 60 0 60 Transportation 3 0 0 0 0 40 40 40 40 40 40 40 40 40 40 40 40 40 40 40 40 40 1construction employment estimates based on letter to Alaska Department of Natural Resources from Southern California Gas, dated 3/17/78. 2Plant operation employment from Western LNG Project: Final EIS, Federal Energy Regulatory Commission, October 1978. 3Pipeline operation employment, also from Western LNG Project: Final EIS, Federal Energy Regulatory Commission, 10/78. 92 r L [ [ [ c [ [j [ [ r, L r- L [ l. [ [ [ [ [ I' L [ L r- ' L [ Susitna Hydoelectric. A major hydroelectric project has been proposed by the Corps of Engineers for the Susitna Valley, consisting of two dams (Watana and Devil •s Canyon) construction of which is expected to begin in 1984. Table 17 presents construction and operations employment for the project. Bradley Lake Hydroelectric. The Corps of Engineers plans soon to begin the award of contracts for engineering and environmental studies for a $156 million dollar hydroelectric installation near Homer. Table 18 presents employment requirements for the project. PETROLEUM REVENUE ASSUMPTIONS Petroleum revenues to the state consist of royalties, production taxes, property taxes, the corporate income tax, and mi see 11 aneous revenues. Royalties and Production Taxes Royalties and production taxes arise from three sources--those associated with production of oil and gas from Upper Cook Inlet, those associated with existing and planned production at Prudhoe Bay and vicinity, and the revenues expected from state-owned properties in the Beaufort Sea. Royalties are calculated as 12.5 percent of wellhead value (net of field costs for oil), while production taxes are levied as a fraction of non- royalty value, with the rate dependent upon the productivity of the average well in the field. 93 Year 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 TABLE 17.· SUSITNA HYDROELECTRIC PROJECT EMPLOYMENT FORECAST Construction 1 164 574 616 854 1 '176 1 '162 1,344 1,400 1 ,414 1,400 812 742 784 854 700 0 0 Oj2eration 2 0 0 0 0 0 0 0 19 19 19 19 19 19 19 19 38 38 1Average annual employment is 1 ,000 over 14-year period (Alaska Annual Planning Information, FY 1980, Alaska Department of Labor). Distribution of employment over time based on estimates by U.S. Corps of Engineers in Suj2plemental Feasibility Report: Susitna Hydroelectric Project, March 1979. 2operations employment from Upper Susitna River Project Power Market Analysis, U.S. Department of Energy, Alaska Power Administra- tion, March 1979. 94 I l r l [_ [ r- L F [ L L L L r I L r~ L I' L [ TABLE 18. BRADLEY LAKE HYDROELECTRIC PROJECT EMPLOYMENT FORECAST Year Construction 1 Operation 2 1981 60 0 1982 190 0 1983 300 0 1984 160 0 1985 60 0 1986 0 10 1987 0 10 1988 0 10 1989 0 10 1990 0 10 1991 0 10 1992 0 10 1993 0 10 1994 0 10 1995 0 10 1996 0 10 1997 0 10 1998 0 10 1999 0 10 2000 0 10 1Memo to Mike Scott, ISER, from Alaska Power Administration, dated 4/6/78. 2Author•s estimate based on installati~n capacity. 95 Upper Cook Inlet. Because assumptions a~ to future development around Upper Cook Inlet do not vary in any of the cases to be examined and because such revenues are small relative to other sources, revenue estimates for Upper Cook Inlet are taken directly from Alaska Department of Revenue forecasts, as shown in Tables 19 and 20. Prudhoe Bay Revenues. Because of its size and its relevance to other assumptions made in both the base case and possibly the OCS scenarios, Prudhoe Bay revenues are estimated directly rather than taken from Alaska Department of Revenue computations. To arrive at ~uch estimates, estimates of production and wellhead value are needed. Production estimates are those derived by simulations of reservoir behavior by the Alaska Division of Oil and Gas Conservation for the· Department of Revenue. Wellhead value of oil is derived explicitly from the following assumptions: t West coast market price is $21.50 per barrel in FY 1980. Real market price is assumed to remain constant through- out the forecast period. t Tanker costs from Valdez to the West Coast are $1/bbl in FY 1980. These costs remain. constant in real terms through 2000. • Field processing and gathering costs are 75¢/bbl in FY 1980, also remaining constant in real terms through 2000. • TAPS pipeline tariff is assumed to be $5.25 in FY 1980. The nominal tariff is assumed to remain constant through 1990 when increased operating costs are assumed to domi- nate decreasing capital costs. After 1990, the tariff remains constant in real terms. 96 [ I' L [ [ [ [ [ r . L [ [ [ TABLE 19. STATE PRODUCTION TAX REVENUES [ (Millions of Current Dollars) [ U~~er Cook Inlet1 Prudhoe Ba,i Beaufort Sea 2 Year Total [ Oil Gas Oil Gas Oil Gas [ 1979 14.8 9.7 149.3 0 0 0 173.8 1980 13.2 10.2 399.4 0 0 0 422.8 1981 11.5 10.7 997.9 0 0 0 1 ,020.1 [ 1982 10.2 15.9 1 '164. 7 0 0 0 1 '190. 8 1983 8.9 20.9 1,292.6 0 0 0 1 ,322.4 1984 7.5 31.8 1,417.1 0 0 0 1 ,456. 5 r 1985 6.3 32.5 1 ,549. 5 98.5 0 0 1,686.8 L 1986 5.3 33.7 1 ,695.3 113.2 0 0 1,847.6 [ 1987 4.3 34.4 1 ,846.8 121.8 0 0 2,007.3 1988 3.4 34.1 2,009.7 131.0 0 0 2,178.2 1989 2.5 34.8 2' 184.9 140.9 29.3 1.0 2,393.4 1990 1.7 36.0 2,135.8 151.5 77.9 2.9 2,405.8 b 1991 .9 36.7 2,196.4 163.0 113.1 4.3 2,514.3 1992 . 1 37.8 2,101.0 175.3 123.9 4.6 2,442.7 0 1993 0 36.3 1,763.0 188.6 133.2 5.0 2' 126. 1 1994 0 . 37.5 1 ,563 .4 202.8 143.3 5.3 1,952.4 1995 0 38.2 1,823.9 218.2 151.3 5.7 1,837.2 1996 0 38.2 1 ,320.3 234.7 159.8 6.0 1,758.8 B -1997 0 38.2 1,183.4 252.4 168.6 6.3 1,648.8 ' 1998 0 38.2 1 ,018.3 271.5 167.4 6.3 1,501.6 l~ 1999 0 38.2 821.4 292.0 161.3 6.0 1,318.9 2000 0 38.2 589.0 314.1 153.3 5.8 1 '1 00.4 b [ 1From Alaska Department of Revenue, Petroleum Production Revenue L Forecast, September 1979. 21979-81 from Alaska Department of Revenue, o~. cit.; thereafter, I' calculated as explained in text. L f' L 97 C TABLE 20. STATE ROYALTY REVENUES (Millions of Current Dollars) Year UEEer Cook Inlet1 Prudhoe BaJ::2 Beaufort Sea 2 Total Oil Gas Oil Gas Oil Gas 1979 32.2 5.6 295.2 0 0 0 333.0 1980 30.1 6.2 773.9 0 0 0 810.2 1981 27.7 6.7 1 '132. 2 0 0 0 1 '166. 5 1982 25.3 10.7 1,322.7 0 0 0 1 ,358. 7 1983 23.2 16.5 1 ,469.1 0 0 0 1,508.8 1984 21.2 26.2 1,612.0 0 0 0 1,659.4 1985 19.5 27.4 1,763.7 138.5 0 0 1,949.0 1986 17.9 28.3 1,931.0 159. 1 0 0 2, 136A 1987 16.4 29.1 2 '1 04.7 171.2 0 0 2 ,321. 4 1988 15.1 30.1 2,291.6 184.1 0 0 2,520.9 1989 13.9 30.9 2,492.5 198.0 32.3 1.2 2,768.9 1990 12.9 32 .. 0 2,659.1 213.0 93.6 3.5 3,014.1 . 1991 11.9 32.8 2,734.6 229.1 135.9 5. 1 3,149.4 1992 11.0 33.8 2,615.8 246.4 148.9 5.5 3,061.4 1993 10.2 34.6 2,195.0 265.1 160.1 5.9 2,670.8 1994 9.2 35.6 1 ,946.5 285.1 172.3 6.3 2,455. 0 1995 8.3 36.4 1,772.7 306.6. 181.9 6.8 2,312.8 1996 8.3 36.4 1,643.7 329.8 192.0 7.2 2,217.5 1997 8.3 36.4 1,473.3 354.8 202.7 7.5 2,083.0 1998 8.3 36.4 1,267.8 381.6 201.2 7.5 1,902.8 1999 8.3 36.4 1,022.7 410.4 193.9 7.1 1,678.9 2000 8.3 36.4 733.4 441.5 184.3 7.0 1,410.8 1From Alaska Department of Revenue, Petroleum Production Revenue Forecast, September 1979. 21979-81 from Alaska Department of Revenue, op. cit.; thereafter, calculated as explained in text. 98 [ l. L r L_ r . I L L [ [ [ [ [ r L r L [ [ [ [ F~ L [ Wellhead value of gas is derived by the following assumptions: 1 Under the interim rules of the Natural Gas Policy Act of 1978, the ceiling price of Prudhoe gas as of Decem- ber 1, 1978, is $1.63 per MMBTU, or $1.78 per MCF. Since recent sales by Exxon (OGJ, 4/2/79) reflect this ceiling, the ceiling price, kept constant in real terms, is assumed throughout the period. • Prudhoe Bay gas must be treated in a conditioning plant, at a cost of 80¢/MCF which, according to recent rulings by FERC, will be deducted from the ceiling price received by producers for the gas. This cost remains constant in real terms. Production taxes are computed as follows. The production tax is a fraction of nonroyalty value, with the fraction dependent on the pro- ductivity of the average well in the field. The tax rate on oil is assumed to equal 12 percent through 1989, after which the rate falls to 11 percent. For gas, the 12 percent rate is assumed throughout the period. Production tax·estimates are shown in Table 19. Royalties for oil are computed as 12.5 percent of the value of produc- tion net of field costs; while for gas, royalties are 12.5 percent of wellhead value received by the producer. Royalty estimates are shown in Table 19. Beaufort Sea Revenues. Beaufort Sea revenues are calculated as in the Prudhoe case, with one exception--namely that an additional 60¢ per barrel for oil and 15¢ per MCF for gas are subtracted from wellhead value, representing additional transport costs from offshore areas. 99 Furthermore, it is assumed that only 50 percent of such production falls under state ownership. Royalty and production tax estimates are shown in Tables 19 and 20. Property Tax Revenues. The state levies a 20 mill property tax on cer- tain categories of oil and gas property within the state such as seismic equipment, drilling rigs, wells, platforms, pipelines, pump stations, and terminal facilities. Estimates of these revenues are shown by development in Table 21. Corporate Income Tax Revenues. In 1978, the state passed new legislation levying a 9.4 percent tax on net income from oil and gas production and transportation in the state. While no detailed modeling of this tax has yet been done by the Department of Revenue, currently available estimates through FY 1981 project such revenues to be about 10 percent of the level of estimated production taxes and royalties. It is assumed that this relationship continues to hold throughout the -forecast period. STATE FISCAL POLICY ASSUMPTIONS Past studies of the Alaskan economy conducted within the Man-in-the- Arctic Program, the OCS Studies Program, and other miscellaneous pro- grams have indicated repeatedly the key role of state government fiscal policy as a major determinant of both historical and future state economic growth. 100 ~ r [ [ [ [ [ [ [ t [ B L L L r· I L L TABLE 21: STATE PETROLEUM PROPERTY TAX REVENUES (Millions of Current Dollars) Lower Cook Northern Lower Cook Year TAPS ALCAN Inlet OCS I Beaufort.Sea Gulf OCS Kodiak OCS Inlet OCS II Total 1979 161.0 0 0 0 0 0 0 161.0 1980 175.0 0 0 0 0 0 0 175.0 1981 177.3 0 0 .3 0 .4 0 178.0 1982 199.3 0 0 .4 0 .7 0 200.4 1983 204.6 0 0 .7 0 .8 0 206.1 1984 209.6 0 19.7 .7 0 .8 0 230.8 1985 214.2 133.2 19.7 .8 0 .8 0 368.6 0 __, 1986 218.3 137.5 19.6 3.0 0.1 .8 0 379.3 1987 221.7 141.7 19.4 6.2 2.0 .7 0 391.7 1988 224.4 145.8 19.2 11.0 2.4 .7 0 403.6 1989 226.3 149.7 18.9 16.2 7.8 .7 9.8 429.4 1990 227.2 153.4 18.6 18.5 7.8 .7 9.7 435.9 1991 226.9 156.7 18.1 20.7 7.8 .6 9.7 440.5 1992 225.3 159.7 17.5 22.1 7.8 .6 9.6 442.6 1993 221.1 162.2 16.8 24.2 7.8 .6 9.4 443.2 1994 217.2 164.2 15.9 26.4 7.7 .4 9.2 441.0 1995 210.3 165.6 14.9 27.6 7.7 .4 9.0 435.5 1996 201.0 166.2 14.0 28.0 7.5 .4 8.7 425.9 1997 189.2 166.0 13.0 28.0 7.4 .4 8.3 412.3 1998 174.4 164.9 12.0 27.8 7.2 .2 7.9 394.4 1999 156.4 162.5 11.0 27.5 7.0 .2 7.4 372.0 2000 134.5 158.9 10.0 27.1 6.7 . 1 6.8 344.2 Over the period of study, state government will receive revenues from oil development which far exceed current levels of expenditure. The rate at which the government chooses to spend these revenues (or to offset existing revenue sources with them) will serve to determine not only direct employment in the government sector but, through the multi- plier effects of such expenditures or tax reductions, will have impacts on all endogenous sectors, affecting the growth of employment, income, prices, and migration into the state. Two factors affect the current framework in which state fiscal policy will be determined. First, revenues have already overtaken expenditures as a consequence of the onset of production from Prudhoe Bay and will continue to increase as a consequence of both increased production and price increases. Second, the establishment of the Permanent Fund, as a constitutional amendment in 1976, places constraints on the use of certain petroleum revenues. It requires that a minimum of 25 percent of all mineral lease rentals, royalties, royalty sale proceeds, federal mineral revenue sharing payments, and bonuses received by the state be put in the fund. These changes in the structure of state spending limit the usefulness of past fiscal policies in determining the fiscal policy rules to be used. The rate of state expenditures, because it is a matter of policy choice within this new framework, cannot be modeled simply from past experience. Past experience can, however, provide qualitative guidance in formulating hypothetical fiscal policy options for use in simulation. First, we can 102 r l~ [ [ [ [ [ L [ f' I L [ r: [ L [ [ [ [ r L r: L [ D [ [ lJ [ [ f" L ,~ I. L L expect that, as in the past, increasing levels of economic activity generate new demands for government services. As prices and population rise, increased expenditure is required to simply maintain services at a constant level. In fact, however, this level will be expected to rise over time if historical trends continue. As shown in Figure 33, nominal expenditures have grown at an average annual rate of 15.2 percent over the 1964-77 period; while real per capita expenditures have grown at about 5.7 percent annually. Secondly, historical data gives at least some indication of state fiscal policy response to surplus petroleum revenues. As shown in Figure 33, the revenues generated by the Prudhoe Bay lease sale in FY 1970 led to a rapid jump in both the level and growth of nominal and per capita expenditures, with nomina 1 expenditures jumping from an average growth of 8. 9 percent annually prior to the sa 1 e to an average 19. 7 percent after the sale; and real per capita expenditures jumped from 2.3 per- cent prior to the sale to 7.7 percent after the sale. Furthermore, the response appears to be one of strictly increasing expenditure levels, rather than one of using the surplus to reduce other taxes, as seen in Figure 34. After the sale, built-in progressivity in the existing tax structure actually increases nonpetroleum real per capita revenues. If these qualitative features carry over into future fiscal responses to surplus petroleum revenues, future real per capita expenditures can be expected to rise within the bounds set by revenue quantities and statutory constraints. At a minimum, the state might choose simply to maintain 103 MILLIONS OF DOLLARS 1000 500 2000 1000 500 64 66 68 1\ I l I l I \ ( \ \ \ \ \ \ \ _,. "'-.,------__ ...... 72 I // / I I I I I I "/ ---EXPENDITURES - --REVENUES 76 Figure 33. Nominal State Expenditures and Revenues I A I \ I \ f l I l I l I l I I ).;:)/; /VW, I \ I \ I \ ' \ ----_ _, I I . . . . . . . . . . . . . . .... f ..... . . . .... ... ..,-.~ -----.,.. ...... --_ _, ................... , .. -.... ---EXPENDITURES - --REVENUES 64 66 68 70 72 • • ·-• • NON-PETROLEUM REVENUES 74 Figure 34. Real Per Capita State Expenditures and Revenues 104 [ l ' [ ,~ L [ L t [ L r . L [ [ [ l [ [~ r· [~ r L [ [ l [ c B [ [ I" L r L [ real per capita expenditures at their current levels. At a maximum, it could choose to spend all but 25 percent of restricted petroleum reve- nues as they are incurred. Unfortunately, the range of possibilities within these brackets is very large. While it is foolish to try to anticipate the actual fiscal policy choices of the state, it is possible to simulate each of the extremes. As a compromise, for purposes of simulation, a middle-range policy can then be selected. This is the strategy followed here. Having estimated revenues as described above, several forecasts were made, spanning the range of feasible policies. A rate of growth of expenditures was then selected to fall approximately mid-way between the extremes. A 10 percent growth rate in nominal state expenditures would be approximately the minimum rate which would prevent real per capita expenditures from falling. A 16 percent rate would represent close to the maximum allowable spending limit from petroleum revenues. A 13 percent rate was selected as a middle-range policy which both appears sustainable throughout the period and permits about 3 percent growth in real per capita expenditures annually within the range observed historically. Under such a policy, the state will accumulate 25 billion dollars by the mid-1990s but will be drawing down this balance rapidly by the end of the period as declining resource revenues are overtaken by rising state expenditures. 105 Base Case Forecasts Using the assumptions comprising the above seen ari o as input, a set of forecasts through the year 2000 was developed using the MAP statewide and regional econometric models. This section presents these base case forecasts which will be used in Technical Memorandum BN-7 as a bench- mark from which to measure the impacts of proposed federal OCS develop- ments in the Bering Sea /Norton Sound area. STATEWIDE Population Figure 35 presents the forecast of statewide population growth under the assumptions described in the above scenario. The post-Prudhoe decline ends in 1980 as a new "boom" peri ad gets underway in preparation for the gas pipeline construction from Prudhoe. This new boom peaks in 1984, with state population reaching over 470,000, over 17 percent higher than its 1980 level. The post-construction decline, however, like the decline following the TAPS construction effort, causes little decline in state- wide population. As shown in Figure 36, net out-migration occurs through 1988 but is overtaken by natural increase by 1986, causing a resumption in state population growth spurred by a variety of employment expansions in mining, construction, and state and local government. By the year 2000, statewide population reaches 623,151, a level 55 percent higher than in 1980, representing an average annual growth of about 2.2 percent. As shown in Figure 37, continued turnover of the population keeps the age structure virtually unchanged throughout the forecast period. 106 r L [ [ [ t F E L L r· L I L l [ r: f' r, L 700. 600. FIGURE 35. ALASKAN POPULATION FORECAST, 1979-2000 BASE CASE (thousands of persons) [ soo. [ L L 8 [ [ r , L r , L L 400. -=~-------------------------------------------------------------J 1979 1984 SOURCE: MAP Model 1989 1979 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 107 1994 POPTST 402.374 401 .928 414.601 445.52 468.325 470.451 467.301 467 .498" 47·3.881 483.469 494.023 503.309 513.399 523.574 534.978 546.142 557.921 571.402 587.15 9 604.698 623. 15 1 644.595 1999 2004 32. FIGURE 36. COMPONENTS OF POPULATION GROWTH, 1979-2000 BASE CASE (thousands of persons) POPULAT ON GROWTH Total Population (DELT) Change ···~ 1: ! . r-, Net Migration (MIGNET) I_ ( NATINC) [ -16. L-----------------------------------------------------------~ [ L L 1979 1984 1989 1994 DELT 1979 -2.062 1980 -0.445 1981 12.67 2 1982 30.92 1983 22.805 1984 2.126 1985 -3.15 1986 0.197 1987 6.383 19.88 9.588 1989 10.554 1990 9.287 1991 10.08 9 1992 10.176 1993 11 • 40 4 1994 11.164 1995 11.78 1996 13.481 1997 15.75 7 1998 17.53 9 SOURCE: MAP Model 1999 18.45 2 2000 21 .444 108 1999 MIG NET -14. 172 -6.869 6.62 24.697 15.708 -5.47 -10.408 -6 .. 547 -0.022 3.246 4.1·34 2.747 3.479 3.459 4.577 4.183 4.66 6.205 8.267 9.76 10.335 12.977 NATINC 7.088 6.395 6.035 6.226 7. 131 7.615 7.24 6.718 6.386 6.334 6.416 6.537 6.605 6.712 6.821 6.977 7. 115 7.272 7.488 7.779 8. 12 8.47 2004 [ E [ [ r· L ------r· L L [ [ [ [ r L r~ L [ [J [ E L [ r" L r~ L [ 0.?5 0.50 0.25 FIGURE 37. AGE STRUCTURE OF ALASKAN POPULATION, 1979-2000, BASE CASE (proportion of total population) t:;TMJ IT O.TTON OUIEU1" BY DSET BNSB -Age 20-65 Age 0-20 Employment Alaskan employment, as shown in Figure 38, has begun to recover from the TAPS construction decline by 1980. By 1981, basic sector employment has begun to rise, peaking in 1983 at over 47,000 workers. This rise, due largely to the construction of the gas pipeline, triggers a boom-bust cycle in total employment similar qualitatively to that accompanying the TAPS construction cycle, although of lesser severity. Total employment at the peak of construction in 1983 is 22.5 percent above its 1980 level. The downside of the gasline cycle witnesses a 3 percent drop in total employment from its peak level by 1985, despite a much more significant decline (over 18 percent) in basic sector employment. As in the case of the post-TAPS decline, the resiliency of the economy can be traced to resiliency in the support sectors, which decline less than 5 percent from their peak employment levels by 1985. After the gasline cycle, growth resumes at more or less stable rates resembling historical growth. However, this entails a significant long-run change in the structure of the state economy, as the support sector eventually overtakes govern- ment as the primary source of Alaskan employment by the late 1980s. By 2000, total employment reaches nearly 358,000, 84 percent higher than its 1980· level, for an average annual growth of 3.1 percent. The support sector share of employment rises from 36 percent in 1980 to over 44 per- cent in 2000. This, combined with the growth in basic industries, causes the government share of total employment to fall substantially, from nearly 46 percent in 1980 to 35 percent in 2000, as shown in Figure 39. 110 [ r r r· [ l-' L f' L [ [ [ [ [ r L [ [ c c [ r~ L r~ L [ 0. 1979 SOURCE: FIGURE 38. ALASKAN EMPLOYMENT, 1979-2000 BASE CASE (thousands of persons) 1984 1989 1994 1999 EM99ST EM98ST EMSIST 1979 193.277 178.421 66.773 1980 193.983 179.099 65.308 1981 203.911 188.645 70.458 1982 225.698 209.626 81.928 1983 237.653 221.157 90.71 1984 234.721 218.328 89.745 1985 230.945 214.686 86.534 1986 231 .19 214.922 85~574 1987 236.406. 219.953 87.782 1988 243.879 227.166 91.588 1989 251.781 234.795 95.849 1990 258.569. 241.354 99.656 1991 265.934 248.473 103.538 1992 273.249 255.548 107-.491 1993 2ar·.395 263.43 111 . 757 1994 289.228 271.012 115.876 1995 297.541 279.063 119.87 1996 307.069 288.295 124.568 1997 318.133 299.022 130.08 1998 330.293 310.818 136. 12 MAP Model 1999 342.93 323.084 142.093 2000 357.688 337.417 148.513 111 Total Wage and Salary (EM99ST) (EM98ST) ort Sector (EMSlST) Government (EMG9ST) (EMBlST) 2004 EMG9ST EMBlST 82.011 29.638 81.765 32.026 .81 .64 36.547 80.619 47.079 83.223 47.224 87.452 41 . 131 89.523 38.629 90.314 39.034 91.462 40.708 92.966 42.611 94~ 819' 44.128 96.81 44.888 98.656 46.279 100.577 47.479 102.522 4-9.15 104.752 50.384 106.933 52.261 109.056 54.672 111.276 57.666 113.672 51.026 116.393 64.599 118.952 69.951 0.400 0.320 0.240 FIGURE 39. COMPOSITION OF ALASKAN EMPLOYMENT, 1979-2000 BASE CASE --oL (proportion of· total employment) Sector ::::::::=~:-.:::::::::=~--_.-Support Government Basic Sector r t . ( EMSl • EM)~- ~~ L (EMG9.EM) c L [ (EMBl.EM)L L 1979 1984 1989 1994 1999 2004 1979 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 ----------~sa~O~R~C~E~:~M~A~P~Mrro-dTe~l.--------------;~~~ 112 EMSl.EM 0.374 0.365 0.373 0.391 0.41 0. 411 0.403 0.398 0.399 '0.403 0.408 0.413 0.41 7 0.421 0.424 0.428 0.43 0.432 0.435 0.438 0.44 0.44 EMG9.EM 0.46 0.457 0.433 0.385 0.376 0.401 0.417 0.42 0.416 0.409 0.404 0.401 0.397 0.394 0.389 0.387 0.383 0.378 0.372 0.366 0.36 0.353 EMBl.EM [ 0.166 0.179 [ 0.194 0.225 - 0.214 0.188 0.18 L 0.182 0.185 0.188 0.188 [ 0.186 0.186 0-.186 0.187 0. 186 ( -, o. 187 L 0.19 0.193 0.196 r· 0.2 0.207 I L L f' L [-, " L L [ L [ [ I ~ L. r , I L..; [ Personal Income and Prices Figures 40 and 41 present the growth of Alaskan personal income over the forecast period. As shown in Figures 40 and 41, the post-TAPS decline in real personal income as well as real per capita personal income has ended by 1979, as the gas pipeline boom sends incomes rapidly to a new peak in 1983. By the peak, real income is over 50 percent higher than its 1980 level, and real per capita income is over 29 percent higher than its 1980 level. Real income drops nearly 13 percent; and real per capita income, by nearly the same amount by 1985, following the decline of gas pipeline construction activity. After 1985, a period of steady income growth brings real personal income to over 10.5 billion dollars in 2000, over 141 percent higher than its 1980 level, for an average annual growth of 4.5 percent. Real per capita income, on the other hand, grows by about 56 percent by the end of the period, reflecting an average annual rate of growth of 2.2 percent. Despite the structural changes in employment that reduce the government share of employment, as shown in Figure 42, government continues to be the major source of income throughout the period, due to sustained higher growth in state and local wage rates than in support or basic sector wage rates, as shown in Figure 43. · The tendency toward equalization of Alaskan and U.S. prices continues throughout the forecast period. As shown in Figure 44, the rate of Alaskan inflation remains lower than the U.S. rate in all but three years--at the peak of g·as pipeline construction and in the initial stages of recovery from the gas pipeline construction decline. 113 FIGURE 40. ALASKAN PERSONAL INCOME, 1979-2000 BASE CASE (millions of 1979 dollars) X103 12.0'------------------~~~~~~~~~L-------------~ -4. 1979 1984 1989 1994 1999 2004 PIRST 1979 4147.05 1980 4353.43 1981 4923.46 1982 6195.7 1983 6550.92 1984 5972.05 1985 5719.02 1986 5794.35 1987 6050.2 1988 6388.87 1989 6709.1 1990 6982.95 1991 7300.54 1992 7619.03 1993 7976.68 1994 8284.05 1995 8630.45 1996 9047.86 1997 9529.4 1998 10036.9 ----··· 1999 10513.5 SOURCE: MAP Model 2000 11114.4 114 -· I' L ~- f' r .... l . l [ . L. r-, L c L [ L L [ b [ L I L r· l L L ~-. ! [ 10. 1979 [ [ f' L FIGURE 41. ALASKAN REAL PER CAPITA INCOME, 1979-2000, BASE CASE (thousands of 197-9 dollars) 1984 1989 1994 1999 PIRPCST I, ---------------------- ~ SOURCE: MAP Model 1979 1980 1981 198Z 1983 1984 1985 198 6 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 19.98 1999 2000 10306.5 10831 .4 11 875.2 13906.6 13988. 12694.3 12238.4 12394.4 12767.3 13214.7 13580.5 13874.1 14220. 14552. 149'1 0.3- 15168.3 15468.9 15834.5 16229.7 16598.1 16871.6 17242.4 115 FIGURE 42. ALASKAN WAGES AND SALARIES, 1979-2000 BASE CASE (millions of 1979 dollars) Xl03 10.0·~----------------~~~~~~~~~E~S~BV~SE~C~T~~---------------, Total Government f ' f ( (WS99RST) I ' r·· I L r, . L (WSG9RST) [ Support Se tor(WSSl RST) Basic Sect r (WSBl RSTL 0.0 L '-------- 1979 1984 1939 1994 1999 b WS99RST WSG9RST WSSlRST WSBlRST 1979 3386.03 1450.57 1146. 28 789.183 t 1980 3559.88 1496.35 1153. 51 910.011 1981 4056.28 1562.85 1316. 13 1177.3 1982 5177.59 1636.8 1674.78 1666.01 1983 5463.94 1747.76 1865.98 1850.21 1984 4915.4 1829.42 1712.86 1373.13 L 1985 4686.4 1881 .48 1596.95 1 207.98 1986 4749.66 1942.7 1580.71 1226.26 1987 4960.82 2019.42 1634.56 1306.85 ·1988 5240.43 2109.08 1724.03 1 407.33 1989 5503.79 2206.43 1814.7 1482.65 L 1990 5724.84 2306.82 1894.29 1 523.73 1991 5986.03 2409.66 1980.75 1 595.62 1992 6246.84 2518.17 2069.02 1659.66 1993 6542.17 2631.24 2165.95 1744.98 I . 1994 6795.01 2750.48 2249.75 1 794.78-L 1995 7079.01 2871 .42 2334. 14 1873.45 1996 7421.78 2999.8 2440.4 1 981.58 1997 7817.92 3136.8 2566.45 2114.67 1998 8235.82 3281.77 2701.07 2252.98 I , 1999 8628.5 3433.75 2822.62 2372.13 I SOURCE: MAP Model 2000 9123.63 3588.91 2962.95 2571.77 L 116 L [ [ [ r L r~ L [ [ t [ r , I L..: [ -~ 40.0 FIGURE 43. ALASKAN WAGE RATES, 1979-2000 BASE CASE (thousands of 1979 dollars) Basic Sector (WRBlRST) Government (WRG9RST) Support Sector (WRSl RST) 1989 1994 1999 2004 WRBlRST WRG9RST WRSlRST 1979 26627.5 17687.5 17166.9 1980 28414.4 18300.7 17662.6 1981 32213. 19143.2 18679.7 1982 39635.9 20302.8 20442. 1983 39179.6 21001. 20570.7 1984 33384.3 20919. 19085.9 1985 31271.3 21016.7 18454.6 1986 31414.8 21510.6 18471 . 9 1987 32102.7 22079.3 18620.6 1988 33027.1 22686.6 18823.7 1989 33598.9 23270. 18933. 1990 33944.8 23828.4 19008.2 1991 34478.5 24424.8 19130.5 1992 34955.6 25037.2 19248.2 1993 35502.8 25665. 19380.9 1994 35622. 26257. 19415.2 1995 35848.1 26852.5 19472.3 1996 .36245. 27507. 19590.9 1997 36671.1 28189.4 19729.7 1998 36918.4 28870.6 19843.3 1999 36721. 29501.4 19864.7 2000 36765.3 301i0.9 19950.7 SOURCE: MAP Model 117 0.100 0.080 0·.060 FIGURE 44. ALASKAN AND U.S. INFLATION, 1979-2000 BASE CASE ~~~~~~~~~~~--~~--~~--~~--~~--~ United States --... ..................... ....,._...,...._,._ .... ...,.-Alaska '------~ 1979 1984 1989 1994 1999 ALASKA u,s.' 1979 0.116 0.109 ~980 0.077 0.076 1981 0.073 0.076 1982 0.082 0.076 1983 0.061 0.076 1984 0.069 0.076 1985 0.078 0.076 1986 0.076 0.076 1987 0.072 0.076 1988 0.07 0.076 1989 0.069 0.076 1990 0.068 0.076 1991 0.069 0.076 1992 0.069 0.076 1993 ~~069 0.076 1994 0.069" 0.076 1995 0.07 0.076 1996 0.07 0.076 1997 0.07 0.076 1998 0.07 0.076 1999 0.07 0.076 ---=-----:---.....,.,..--..,..-----,...,---200 0 0. 07 0.076 2004 SOURCE: United States TRENDLONG79 based on long-term trend in Data forecast; Al~ska from MAP Model. Resources, Inc., 118 --~ ,[ r . l ... r· I L L L [ ····[; --~; L r L' r· I L L ~ L r::: L, [ [ t [ [ r L L State Government Fiscal Position The fiscal position of the state government, due to the receipt of petro- leum revenues from Prudhoe Bay, will be altered radically during the forecast period. Real general fund revenues peak at over 5.2 billion dollars annually by 1991, about 153 percent over their 1980 levels, and over 338 percent above their 1978 levels, as shown in Figure 45. The traditional mainstay of Alaskan revenues--federal grants-in-aid--become a nearly insignificant share of total revenues over the period. Petro- leum revenues begin to decline after 1989, but interest earnings and other revenues continue to grow throughout the period. By 2000, total general fund revenues are nearly 4.3 billion dollars, nearly 19 percent below their peak levels. Under the assumed fiscal policy described above, state expenditures grow at 13 percent annually in nominal terms, representing about a 5.5 percent average annual growth in real terms. In real terms, state expenditures in the year 2000 reach nearly 4.2 billion dollars, just overtaking reve- nues by the end of the period, as shown in Figure 46. The substantial differences between revenues and expenditures are accumu- lated in the state•s fund balances which, in real terms, peak in 1996 at over 25.4 billion dollars, as shown in Figure 47. 119 4000. G000. FIGURE 45. STATE GOVERNMENT REVENUES, 1979-2000 BASE CASE (millions of 1979 dollars) 0 -~~~~~::=:!::::::!::!::.!::::!:::!:=:!::::!::::!~==:t::::!=:L~~_J 1979 1934 REVGFR RNDSR RP9SR RFDSR 1979 1287.29 281 . 119 767.2 238.973 1980 2077.54 240.563 1615.21 221.762 1981 2502.44 322.807 1968.82 210.818 1982 2936.02 452.577 2279.01 204.437 1983 3 395.15 692.555 2503.25 199.347 1984 3702.91 935.397 2580.43 187.089 1985 4094.36 1062.55 2859. 172.811 1986 4280.3 1224.56 2895.16 160.579 1987 4480.38 1407.68 2921.58 151.123 1988 4704.63 1607.8 2953.59 143.244 1989 4983.62 1817.91 3029.64 136.013 1990 5129.85 2030.77 2970.06 129.018 1991 5253.86 2235.31 2896.2 122.355 1992 5187.47 2432.88 2638.55 116.04 1993 4890.84 2608.45 2172.2 11 0. 186 1994 4726.11 2742.76 1878.75 104.59 1995 4607.86 2847.73 1660.83 99.302 . 1996 4516.76 2931.89 1490. 41 94.454 1997 4408.6 3007. 1 1311.43 90.073 1.998 4278.99 3069.41 1123.53 86.056 SOURCE: MAP Model 1999 4132.6 3119.04 931.294 82.267 2000 3966.9i• 3i 51 .45 736.634 78.828 120 r- 1 [ t [ r L I L ---r· I L [ r~ . ~ - r L r: I l_ __ [ L [ [ r ~ L r = I L FIGURE 46. STATE GOVERNMENT FISCAL POLICY, 1979-2000 BASE CASE (millions of 1979 dollars) -·-·-- Revenues (E99SR) (REVGFR) 1000.L--------------------------------------------------------------~ 1979 1984 1989 1994 1999 2004 REVGFR E99SR 1979 1287.29 1371.84 1980 2077.54 1439.57 1981 2502.44 1515.41 1982 2936.02 1583.08 1983 3395.15 1686.3 1984 3702.91 1782.82 1985 4094.36 1869.41 1986 4280.3 1962.34 1987 4480.38 2067.59 1988 4704.63 2184.24 1"989 4983.62 2309.83 1990 5129.85 2442.86 1991 5253.86 2581.72 1992 5187.47 2728.76 1993 4890.84 2883.52 1994 4726.11 3047.65 1995 4607.86 3220.04 1996 4516.76 3401 .82 1997 4408.6 3593.92 1998 4278.99 3797.18 1999 4132.6 4011.83 SOURCE: MAP Model 2000 3966.91 4235.72 121 -I FIGURE 47. STATE GOVERNMENT FUND BALANCES, 1979-2000 BASE CASE (mi1Tions of 1979 dollars) X103 30.0~------------~~~~~~~u_~~~~~~------------~ 1984 SOURCE: MAP Model 1989 1979 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 122 1994 861.074 1689.75 2830.04 4248.68 6013.08 7863.71 9856.68 11826.5 13813.2 15830. 17907.5 19892.3 21747.7 23299.8 24327.1 24995.9 25355.7 25450.7 25276.4 24820.2 24075.1 23017.7 1999 2004 [ [ [ f _: [ L I L. [ [ [ [ L [ [ [ [ [ [ [ [ L l r , I L. REGIONAL Anchorage Population. The decline in Anchorage population as a consequence of the post-TAPS recession is forecast to end in 1980, to be followed by three years of rapid population growth in the buildup and construction of the gas pipeline, with peak population in 1983 reaching over 211,000, over 16 percent above its 1980 level, as shown in Figure 48. Following a 2.5 percent drop following completion of the pipeline, steady growth resumes, with 2000 population reaching over 279,000 person~, for a 2.3 percent average annual growth over the 1980-2000 period. The con- centration of state population in Anchorage continues over the period, with the Anchorage share of statewide population remaining nearly con- stant at 45 percent. Employment. The pattern of Anchorage employment growth, as shown in Figure 49, follows closely the pattern of statewide growth, with one exception--the increased concentration of support sector employment in Anchorage. As a consequence, as in the past, employment fluctuations are less severe in cyclical downturns in Anchorage than statewide; and overall, employment grows slightly faster than statewide. Basic employment in Anchorage during the forecast period consists of two components. An exogenous employment component consists of agriculture, forestry, fisheries, mining, and manufacturing employment. Agriculture, forestry, and fishery employment rises slowly from 111 persons in 1979 123 1979 FIGURE 48. ANCHORAGE POPULATION, 1979-2000 BASE CASE 1984 (thousands of persons) 1989 1979 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 . 1995 1996 1997 1998 1999 2000 184.41 8 181.613 186.092 200.876 211 • 11 209.796 206.01 8 206.52 2 209.175 213.839 219.035 223.847 228.875 234.256 240.001 245.597 251.175 257.405 264.41 2 271 .922 279.323 287.256 1999 SOURCE: MAP Model 124 2004 -r I. ~~ l~- L [ ' [_ r L [ L [ F [ c L [ .- L r , I L L [ L FIGURE 49. ANCHORAGE EMPLOYMENT, 1979-2000· [ BASE. CASE (thousands of persons) . [ [ - 180. l~ Total ( EM99_R5) [ 120. F' L c Support (EMS1R5) L Sector [ 60. Government (EMG9R5) [ Basic ( EMBl R5) ·sector [ 0. 1979 1984 1989 1994 1999 2004 [ EM99R5 EMS1R5 EMB1R5 EMG9R5 1979 85.694 42.208 8.862 34.624 1980 85.638 41.94 .9. 074 34.624 c-1981 89.608 45.494 9.493 34.621 1982 97.975 53.283 10. 361 34 .. 332 1983 104.706 58.701 10.865 35.14 1984 105.101 57.736 10.809 36.556 [ 1985 103.305 55.176 10. 851 37.278 1986 103.713 54.916 11 . 202 37.594 1987 105.909 56.28 11 . 629 37.999 1988 109.368 58.769 12.081 38.518 1989 113.28 5 61.505 12.628 39.153 [ 1990 116.753 63.857 13.064 39.831 1991 120.30 9 66.323 13. 515' 40.471 1992 124.001 68.878 13.994 41 • 1 29 1993 127.929 71.603 14.529 41.797 r~ 1994 131.852 74.216 15.084 42.553 L 1995 135.701 76.761 15.643 43.297 1996 140.002 79.734 16.244 44.023 1997 144.87 83.189 16.898 44.783 1998 150.124 86.935 17.59 45.599 I-1999 155.424 90.589 18.317 46.518 I SOURCE: MAP Model 2000 160.98 6 94.531 19.06 47.395 L 125 L to 126 in the year 2000. Mining industry employment is held close to its 1979 level, changing only in response to additions of headquarters personnel associated with the various petroleum developments in the base case. From a level of 1,655 in 1979, it rises to 1,873 by the year 2000. Manufacturing employment, also exogenous, is forecast to grow slowly at close to its historical trend of less than 4 percent annually, rising from 2,021 persons in 1979 to 4,157 in 2000. The second component of basic sector employment consists of endogenous employment in construction. Construction employment rises from 4,533 in 1979 to 11 ,888 in the year 2000. As in the past, such employment is the major source of basic sector growth in the Anchorage area. Endogenous construction activity and support sector growth are tied closely to statewide economic activity, with this activity being the major source of employment fluctuation in Anchorage. The gas pipeline boom peaks in 1984, with Anchorage employment reaching a peak of 105,000; it then declines slightly (less than 2 percent) before resuming a steady rate of growth which brings employment to nearly 161 ,000 by the year 2000, an average growth of 3. 2 percent annually over the period. 126 [ [ r· [ E E L L L I ' I L L I' L [ [ __ [ Personal Income. Figures 50 and 51 present the growth.of Alaskan real and real per capita personal incomes. In real terms, personal income by the year 2000 is over 152 percent higher than in 1980, averaging 4.7 percent annual growth. In real per capita terms, personal income expands nearly 60 percent, averaging 2.4 percent annual growth. Norton Sound Population. The growth of Norton Sound population during the forecast period is shown in Figure 52. Declining total employment leads to a decline in regional population which continues through 1982. A rise in government employment thereafter stabilizes support sector employ- ment, stimulating population growth through about 1985. After 1985, growing basic sector employment combines with growth of government employment to keep population growing throughout the period. By the year 2000, total regional population reaches 15,180, about 28 percent above its 1980 level, representing average growth of about 1.2 percent annually. Employment. Figure 53 presents the base case forecast of Norton Sound employment growth. By 2000, total employment reaches 4,588, about 49 percent higher than its 1980 level, for an average annual growth of 2 percent. Virtually all of the growth is due to increased basic and government sector employment. As in Anchorage, basic sector employment consists of two components--one exogenous, the other endogenous. Exogenous basic employment consists of mining and manufacturing employment. Mining 127 4200. 3400. 2600. 1800. 1979 FIGURE 50. ANCHORAGE PERSONAL INCOME, 1979-2000 BASE CASE {millions of 1979 dollars) 1984 1989 1994 1999 1979 1882.63 1980 1946.97 1981 2120.36 1982 2442.8 1983 2636.94 1984 2579.54 1985 2533.88 198 6 2583.87 1987 2687.52 1988 2826.96 1989 2972.8 1990 3112.14 1991 3256.03 1992 3408.19 1993 3569.08 1994 3721 .22 1995 3880.27 1996 4063.84 1997 4269.12 1998 4484.08 1999 4688.35 2000 4917.95 2004 .· f' L l. r L [ [ r· Lc [ [ [ L L ------------------------------------~~~--·-··-----1- SOURCE: MAP Modei I L 128 L [ [ [ L r· L r L [ [ [ [ [ X103 18.0 FIGURE 51. ANCHORAGE REAL PER CAPITA INCOME, 1979-2000 (thousands of 1979 dollars) 1984 1989 1979 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 10208.5 10720.4 11 394. 1 12160.8 12490.8 12295.5 12299.3 12511.3 12848.2 13 220. 13572.3 13903. 14226.2 14549. 14871.1 15151.7 15448.5 15787.7 16145.7 16490.3 16784.7 17120.4 1999 2004 r------------------------------------. ~--~-------------' SOURCE: MAP Model L 129 L ·:~:~;·~~ -. , . . ..... ::_ 15.5 FIGURE 52. NORTON SOUND POPULATION, 1979-2000 BASE CASE (thousands of persons) 2004 :J~ -~r··~ ····. --- -· r_ ·-I [' [ r L r L [ [ E [ [ L L --I , L [ employment is assumed to maintain its 1978 level of 100 persons through- out the period, while manufacturing growth maintains its historical trend of slightly over 3 percent annually. The remaining basic sector employ- ment, responsible for nearly all of the growth in such employment, is endogenous construction. Overall, however, basic sector growth is quite modest, averaging about 5.1 percent annually, slightly above the histori- cal rate of about 4 percent annually. Support sector employment declines in the early years of the forecast period, then stabilizes with the acceleration of government employment growth in the mid-1980s. As in the past, government employment, primarily at the state and local level, is the primary source of employment growth during the forecast period. Personal Income. Figures 54 and 55 present the forecast growth of Norton Sound real and real per capita personal income. Incomes fluc- tuate slightly in response to the gas pipeline boom•s being experienced in the state, causing a general increase in statewide wages. Personal income reaches 153 million dollars by the year 2000, growing at an aver- age 4.1 percent over the period; while real per capita income exceeds 10,000 dollars by the end of the period, growing at an average 2.8 percent annually. 132 r L r-: L [ r [ t [ [ L L [~ .. r· f"" l::. r: L [ [ b [ I' L 1979 SOURCE: FIGURE 54. NORTON SOUND PERSONAL INCOME, 1979-2000. BASE CASE (millions of 1979 dollars) ~ .:. ·._··:::. : . 1984 1989 1994 1999 2004 1979 67.454 1980 68.593 1981 72.321 1982 76.726 1983 81 .258 1984 83.483 1985 .. 83.379 1986 84.71 2 1987 . 87.398 1988 91.283 1989 95.568 1990: 100.074 1991 104.425 1992 109.117 1993 113.893 1994 118.699 1995 123.531 1996 128.91 1997 134.839 1998 141.072 1999 147.158 2000 153.49 .. ------·----·---·----.. ----- MAP Model 133 19?9 FIGURE 55. NORTON SOUND REAL PER CAPITA INCOME 1984 (thousands of 1979 dollars) 1989 1979 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 5613.5 5790.41 6141.45 6665.42 6914.49 6729.21 6657.02 6767.73 6960.84 7193.58 7416.64 7634.34 7856.39 8086.47 8324.35 8534.13 8757.91 9020.15 9305.27 9591.89 9843.96 ~0139. 1999 ·r' [ [~ r~ L r~ L [ c [ ~.~ L I : ~ [ [ --------------~------------------(' SOURCE: MAP Modei I L 134 L [ [ [ [ r L~ r L [ I' I-L L IV. STATEWIDE AND REGIONAL IMPACTS OF PROPOSED FEDERAL OCS DEVELOPMENT IN THE NORTON SOUND AREA Background The proposed federal OCS developments in the Bering Sea-Norton Sound area will have direct effects on the statewide and regional economies via the creation of new labor demands and the generation of new state and local property tax revenues. These direct effects will depend upon the resource quantities discovered, the technology used in the extraction of the resource, and the timing and logistics of the development plan. Perhaps even more significantly, these direct effects will induce a sequence of indirect effects in the remaining sectors of the economy which will trigger migration and fiscal policy changes by state govern- ment which further alter the structure of economic and demographic growth. In this chapter, both effects are examined. First, using a set of development scenarios prepared by Dames and Moore, the direct impacts of the proposed developments are assessed. Next, using the same models used earlier to forecast economic and demographic growth in the base case, the base case assumptions are altered to include the direct effects included in the OCS development scenarios, and an alternative set of forecasts is run. The differences between these forecasts and the base case forecast are identified as the impacts of the proposed development. 135 . The Bering-Norton OCS Development Scenarios The development of federally owned oil and gas resources in the Norton Sound Area will generate direct employment as well as state revenues, with the magnitude of these direct effects dependent upon,both the magnitude of resource discoveries and the technology employed in their production. A variety of development scenarios, prepared by Dames and Moore, were designed to attempt to anticipate these direct effects. Four scenarios were developed. In the first, an exploration program beginning shortly after the sale is unsuccessful in yielding any sig- nificant discoveries, so that no employment or revenue effects are generated beyond the exploration phase. Three other scenarios begin with exploration programs of varying success and yielding varying quan- tities of resource discoveries. This section describes the various aspects of these scenarios relevant to their economic impacts. RESOURCE ASSUMPTIONS The three scenarios in which commercial discoveries are made correspond to three estimates of resource quantities for the area as prepared by USGS. The 11 high-find 11 scenario corresponds to discovery of the maxi- mum field size estimated by USGS. The 11 medium find" corresponds to the mean, or expected, discovery size for the area. The "low find 11 cor- responds to the minimum commercial find expected for the area. The resource estimates assumed for each scenario are shown in Table 22. 136 [ [ [ [ L. I' L L [ [J E [ 0 L L L f ' L [ r~ [ [ [ L, [ [ p Li [ L r~ I L; [ TABLE 22. RESOURCE ESTIMATES 1 BERING-NORTON OCS DEVELOPMENT SCENARIOS Oil (Billions of Barrels) Gas (Trillions of Cu.Ft.) Minimum (Low Find) 0.38 1.2 Mean (Medium Find) 1.2 2.3 Maximum (High Find) 2.6 3.2 1Includes only resources developed in each scenario, rather than total undiscovered resources. SOURCE: Dames and Moore, "Norton Basin OCS Lease Sale No. 57 Petro- leum Development Scenarios," October 1979. TECHNOLOGICAL ASSUMPTIONS The exploration-only scenario assumes only eight wells drilled over three years, conducted primarily in the summer months using both jack- up rigs and drillships for six of the wells and gravel islands for the remaining two. No new onshore facilities are required. Nome serves as the major supply base, with materials stored in freighters and barges and shipped to the rigs via supply boats. In the high-find scenario, a similar exploration program yields three clusters of commercial discoveries--in inner Norton Sound south of Cape Darby, in the central portion of the Sound south of Nome, and in the outer Sound about 40 miles southwest of Cape Rodney. Production is 137 brought ashore via pipeline to a crude oil terminal and LNG plant at Cape Nome. Four gravel islands and eleven steel platforms are used for production. All production is tankered to Lower 48 markets. In the medium-find scenario, five fields are discovered--two in inner Norton Sound, the second two in the central portion of the Sound, and a final field southwest of Cape Rodney. Six steel platforms and two gravel islands support production, which is transported to a single oil terminal and an LNG facility at Cape Nome by pipeline, then transported to Lower 48 markets via tanker. The low-find scenario consists of discovery of two marginal oil fields southwest of Nome and a single gas field south of Nome. Three steel platforms are installed, and production is transported to terminal and LNG facilities before being tankered to the Lower 48. EMPLOYMENT ASSUMPTIONS The direct employment requirements for each of the four scenarios are presented in Tables 23 through 26. The exploration-only scenario requires less than 100 persons at its peak in 1984, and a 11 activity ends before 1986. In the low-find scenario, employment peaks at over 1,300 in 1990, during the development phase, eventually falling to a long-term level of 847 persons by 1995. 138 r t ' [ [ [ r~ L [ [ [ [ [ B [ [ L r· I L l TABLE 23. DIRECT EMPLOYMENT REQUIREMENTS: EXPLORATION-ONLY SCENARIO (Thousands of Persons) r-----. l J TABLE 24. DIRECT EMPLOYMENT REQUIREMENTS: LOW-FIND SCENARIO (Thousands of Persons) Year Mining Construction Transportation Manufacturing Headquarters Total 1980 0 0 0 0 0 0 1981 0 0 0 0 0 0 1982 0 0 0 0 0 0 1983 .043 0 .031 0 .010 .084 1984 .067 .005 .046 0 .016 .134 1985 .094 .011 ~099 0 .023 .227 1986 .139 . 011 . 149 0 .029 .327 ....... ..p. 1987 .050 .052 .050 0 .013 .166 0 1988 .075 .124 .138 0 .005 .342 1989 . 181 . 192 . 131 0 .014 .518 1990 1.092 .010 . 113 .08 .024 1. 319 1991 1 .110 0 .082 .08 .026 1.298 1992 .828 0 .082 .08 .008 .998 1993 .622 0 .082 .08 .003 .787 1994 .592 0 .082 .08 .003 .757 1995 .682 0 .082 .08 .003 .847 1996 .682 0 .082 .08 .003 .847 1997 .682 0 .082 .08 .003 .847 1998 .682 0 .082 .08 .003 .847 1999 .682 0 .082 .08 .003 .847 2000 .682 0 .082 .08 .003 .847 l J Year 1980 1981 1982 1983 1984 1985 1986 ~ 1987 ...... 1988 1989 1990 199"1 1992 1993 1994 1995 1996 1997 1998 1999 2000 ,.........,.... I '' ... '""··J r--....... I. '1 TABLE 25. DIRECT EMPLOYMENT REQUIREMENTS: MEDIUM-FIND SCENARIO (Thousands of Persons) Mining Construction Trans~ortation Manufacturing Headguarters 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 .067 0 .046 0 .016 . 153 .005 . 108 0 .036 . 183 .011 .203 0 .042 . 139 . 173 .152 0 .031 .079 .445 .108 0 .021 .254 .233 .347 0 .018 .561 .066 .142 .12 .038 2.031 .175 .249 . 12 .050 2.606 .053 .223 .12 .057 2.441 .035 .219 . 12 .045 1.952 .035 .219 .12 .024 1. 742 .035 .219 . 12 .011 1. 743 .035 .219 . 12 .009 1.803 .035 .219 . 12 .009 1.833 .035 .219 . 12 .009 1.833 .035 . 219 .12 .009 1.833 .035 .219 . 12 .009 1.833 .035 .219 . 12 .009 Total 0 0 0 . 129 .302 .439 .495 .653 .852 .927 2.626 3.059 2.860 2.350 2.127 2.126 2.186 2.216 2.216 2.216 2.216 TABLE 26. DIRECT EMPLOYMENT REQUIREMENTS: HIGH-FIND SCENARIO (Thousands of Persons) Year Mining Construction Transportation Manufacturing Headquarters Total 1980 0 0 0 0 0 0 1981 0 0 0 0 0 0 1982 0 0 0 0 0 0 1983 .064 0 .046 0 .016 . 127 1984 . 131 .005 .092 0 .032 .261 1985 . 217 .032 .228 0 .048 .524 _. 1986 .228 .264 .254 0 .053 .799 ..J::o 1987 .188 • 777 .235 0 .037 1.236 N 1988 .339 .584 .439 0 .039 1.402 1989 .894 .230 . 515 .20 .056 1.895 1990 3.150 .177 .423 .20 .078 4.029 1991 4.113 .069 .415 .20 .103 4.900 1992 4.273 .022 .415 .20 .082 4.992 1993 3. 772 .003 .395 .20 .061 4.432 1994 3.339 0 .411 .20 .033 3.983 1995 3.282 0 .411 .20 .025 3.918 1996 3.249 0 .411 .20 .025 3.885 1997 3.280 0 .411 .. 20 .025 3.916 1998 3.280 0 .411 .20 .025 3.916 1999 3.310 0 . 411 .20 .025 3.946 2000 3.310 0 .411 .20 .025 3.946 r-·-. ' J l J -, J [ [ u G L B [ [-, -- r~ I L [ Development in the medium-find scenario requires over 3,000 workers at the peak of development in 1991. By the late 1990s, a permanent labor force of over 2,200 workers is in place, primarily in the petroleum industry. REVENUE ASSUMPTIONS The only direct revenues received by the state as a consequence of the Bering-Norton development would be property taxes from onshore facility construction, such as the Cape Nome oil terminal and LNG facility, and onshore and nearshore pipelines. As shown in Table 27, by the end of the period, such revenues amount to between 0 for the exploration-only scenario to as much as over 80 million dollars annually for the high- find scenario. Impacts of the OCS Development Scenarios STATEWIDE IMPACTS Population The effect of the proposed Bering-Norton OCS developments on statewide population growth is shown in Figure 56. In the medium-find scenario, year 2000 population reaches a level over 19,000, or about 3 percent, higher than in the base case. The low-find developments raise year 2000 population by 7,056, or 1.1 percent; while the high find scenario raises population by 33,240 143 [ [ TABLE 27. DIRECT STATE PROPERTY TAX REVENUES: BERING-NORTON OCS SALE [ (Millions of Current$) l-~ Exploration-Only Low-Find Medium-Find High-Find Year Scenario Scenario Scenario Scenario [ 1980 0 0 0 0 1981 0 0 0 0 r - I 1982 0 0 0 0 [_, 1983 0 0 0 0 [ 1984 0 0 0 0 1985 0 0 1.161 2.137 1986 0 0.566 11 . 192 20.561 r- 1987 0 5.457 22.303 40.968 L 1988 0 10.875 28.718 51.424 1989 0 14.555 29.586 58.713 c 1990 0 14.996 39.709 69.086 L 1991 0 15.421 40.804 72.046 1992 0 15.825 41.838 73.852 [ 1993 0 16.201 42.795 75.702 1994 0 16.544 43.658 77.205 1995 0 16.846 44.406 78.502 [j 1996 0 17.099 45.018 79.555 1997 0 17.294 45.469 80.317 E 1998 0 17.421 45.731 80.741 1999 0 17.469 45.772 80.769 2000 0 17.424 45.559 80.341 [ L L [ ,-- L r- I 144 L [ [ L [ [ 30.0 r L [ 20 0 10.0 [ [ ro L r· ----·· I L [ SOURCE: MAP Model FIGURE 56. ALASKAN POPULATION IMPACTS (Thousands of Persons) 1995 EXPL LOW 1980 0 0 o. 1981 0. Oo 1982 Oo o. 1983 0.095 0.191 1984 0.269 0.426 1985 0 o277 0.76 1986 0.159 1 .182 1987 0.097 1 .073 1988 0.073 1. 508 1989 0.063 2.383 1990 0.057 5.014 1991 0.052 6.429 1992 0.049 6.331 1993 0.045 5.799 1994 0.043 5.573 1995 0.04 5.854 1996 0.038 6.163 1997 0.036 6.419 1998 0.033 6.647 1999 0.031 6.86 2000 Oo03 7o056 145 MOD 0. o. 0 0 0.296 0.875 1 0 494 1. 991 2.976 4.526 5.478 9.928 14. 107 16.031 15.873 15.471 15.657 16.318 17.094 17.798 18.436 19o017 HIGH o. Oo o. High Find Medium Find Low Find Oo289 0.775 1. 635 2.824 5.012 7.619 10.255 16.521 22.758 26.703 27.768 27.627 27.99 28.798 29.896 31.0~9 32.178 33.24 by the year 2000, a 5.2 percent increase over the base case. If no commercial discoveries are made during exploration, the peak impact on state population occurs in 1985, at only 277 persons, or 0.1 percent of the base case population. Employment As shown in Figure 57, the peak impact on state employment in the medium- find scenario occurs at the peak of development phase activity in 1991 when total employment rises 9,896, or 3.6 percent, above the base case level. As shown in Figure 58, the bulk of this impact occurs in the support sector, where by the year 2000 employment has risen by 4,399, or over 47 percent of the total impact. Another 22 percent of total impact by 2000 is due to increased government sector employment, whiTe 31 per- cent of the impact is in the basic sector. In the high-find scenario, employment impact in the year 2000 reaches 16,875, nearly 76 percent higher than the medium-find impact; while the low-find scenario employment impact reaches only 3,554, or 37 percent of the medium scenario impact. If exploration yields no commercial discoveries, then peak employment impact occurs in 1985 at 183 persons, less than 0.1 percent of statewide employment. Personal Income Impacts Figures 59 and 60 present the impacts of the OCS development scenarios on Alaskan real and real per capita personal income. 146 [ (~ [_ ,- ! L [ __ -_ L~ l-·_ -- L: [ L ,- L r- • L [ [ [ [ [ I' L r:: L [ [ [ r~ L r~ I L [ 15.0 10 0 5.0 SOURCE: MAP FIGURE 57. ALASKAN EMPLOYMENT IMPACTS (Thousands of Persons) 1985 1990 1995 EXPL LOW MOO 1980 0. 0. 0. 1981 o. o. .o. 1982 o. o. 0. 1983 0.072 0.142 0.22 1984 0.194 0.304 0.628 1985 0.183 0.526 1. 034 1986 0.083 0.797 1. 326 1987 0.035 0.66 1. 928 1988 0.01 7 0.935 2.841 1989 0. 01 1 1 . 5 3.298 1990 0.01 3.309 6. 391 1991 0.009 4. 118 9. 031 1992 o.oo8 3.812 9.896 1993 o.oo8 3.243 9. 261 1994 o.oo 7 2.96 8.563 1995 0.007 3.079 8.383 1996 0.007 3.216 8. 591 1997 0.007 3.318 8.902 1998 0.007 3.406 9. 172 1999 0.006 3.484 9.405 2000 0.005 3.554 9.606 Model 147 .High Find Medium Find Low Find 2000. HIGH 0. o. o. 0.215 0.556 1 .146 1. 932 3.353 4.864 6.338 10.548 14.454 16.506 16.42G 15.584 15.25 15.322 15.661 16.051 16.491 16.875 2.5 FIGURE 58. ALASKAN EMPLOYMENT IMPACTS, BY SECTOR, MODERATE CASE [ 1985 SOURCE: MAP Model 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 (Thousands of Persons) ,~ T ota 1 <EMssLl Wage and Sa 1 ary [-- <EMsssT> Support Sector (EMSlST) r: L [ Basic --._._,..._.._...,....,___._1 Sector r: (EMBlST) L ;-..... -.-.... ------~Government · (EMG9ST) EM99ST EM98ST EMB1ST EMS 1ST EMG95T E 0. 0. o. o. 0. B o. o. o. o. 0. o. 0. o. o. o. 0.22 0.212 0. 101 0.094 0.018 0.628 0.606 0.24 0.289 0.077 [ 1 .034 0.997 0.307 0.542 0.147 1 .326 1 .279 0.44 0.689 0.15 1 .928 1.86 0.701 1. 041 0.119 2.841 2.743 0.725 1. 704 0.314 3.298 3.186 1. 029 1.608 0.548 [ 6.391 6.178 2.9 2.399 0.879 9.031 8.734 3.564 3.697 1.472 9.896 9.576 3.429 4.329 1 .818 9.261 8.965 2.869 4.269 1 .827 8.563 8.294 2.604 3.951 1.738 r-, 8.383 8.122 2.607 3.795 1. 719 L 8.591 8.328 2.702 3.849 1.778 8.902 8.635 2.772 4. 1.863 9.172 8.902 2.808 4.152 1.942 .~ 9.405 9.133 2.841 4.282 2.01 --, 9.606 9.334 2.871 4.399 2.064 L 148 [ [ [ [ [ [ [ r L~ [ [ [ c [ [ i' L r, I L L 400. 200. 0 . . 1980 --·~------ SOURCE: FIGURE 59. ALASKAN PERSONAL INCOME IMPACTS (Millions of 1979 Dollars) EXPL LOW 1980 o. o. 1981 0. o. 1982 0. 0. 1983 2.402 4.844 1984 6.324 9.516 1985 5.453 15.914 1986 2.07 23.754 1987 0.828 21.672 1988 0.445 37.172 1989 0.301 62.699 1990 0.27 115.547 1991 0.245 130.582 1992 0.25 116.711 1993 0.254 98.609 1994 0.246 92.457 1995 0.23 100.137 1996 0.219 105.848 1997 0.234 110.789 1998 0.223 115.383 1999 0.246 119.73 2000 0.207 123.91 MAP Model 149 MOD 0. 0. 0. 7.523 19.742 30. 168 49. 109 90.781 110.84 105.508 225.57 303.305 319.652 294.535 275.566 276.18 289.324 304.715 318.223 330.41 342.215 H·IGH 0. 0. 0. 7.32 17.402 35.414 74.113 159. 204.406 214.176 361.336 479.297 535.473 525.508 499.348 498.227 509.406 530.277 551.742 575.234 596.867 Medium Find Low Find ---~----· SOURCE: MAP FIGURE 60. ALASKAN REAL PER CAPITA INCOME IMPACTS (1979 Dollars) EXPL LOW MOD 1980 o. 0. o. 1981 o. o. o. 1982 o. o. o. 1983 2.293 4.637 7.211 1984 6.184 8:719 18.324 19.85 4.41 4 14.121 25.352 1986 0.207 19.41 52.035 1987 -o .875 16.801 110. 711 1988 -1.086 35.539 104.566 1989 -1 .1 05 61 .105 62.297 1990 -1.02 90.469 171.117 1991 -0.961 75.34 194.691 1992 -o .879 46.395 160.043 1993 -o. 785 22.469 105.066 1994 -o. 734 14.371 72.832 1995 -0.703 17.004 59.234 1996 -0.66 14.305 52.648 1997 -0.59 11.141 45. 172 1998 -0.535 8.266 36.629 1999 -0.457 6.344 30. 176 Model 2000 -0.473 3.461 21.59 150 [ r [ [ [ r L, [ r L [ [ High Find E Medium [ Find Low Find 2000 HIGH [ o. B o. . 0. 6.996 16.039 32.832 [ 83.172 198.383 211.211 148.535 [ 254.172 290.363 266.934 198.102 139.926 I 111.363 L 88.992 73.07 58.027 r 49.352 35.004 I L L [ [ [ [ [ [ [ r L [ [ [ ~ L [ [ r , L [ In the medium-find scenario, personal income rises by over 342 million dollars, or 3.1 percent, by the year 2000 as a consequence of OCS developments in the Bering Sea. In real per capita terms, there are two peaks--one during the early development (construction) phase in which real per capita income rises by over $110, or about 1 percent, in 1987; and later a larger peak during the late stages of development in which real per capita income rises by nearly $195, or 1.4 percent, in 1991. By the end of the period, however, the influx of new population has largely offset the growth in income, so that real per capita income impacts by the year 2000 are negligible (about 0.1 percent). In the high-find scenario, real personal income by the year 2000 reaches a level nearly $597 million higher than in the base case, a 74 percent greater impact than in the medium-find scenario. Real per capita income impacts follow the same pattern as in the medium-find scenario, although the impact peaks at 91 percent higher during early development and 49 percent higher during later development. In the low-find scenario, real personal income impacts are only 36 per- cent of their medium-find levels; and the impact on real per capita income has a single peak, occurring in 1990, at less than 47 percent of the peak impact of the medium-find scenario. If exploration yields no commercial discoveries, real income impacts peak at 6.3 million dollars in 1984, well under 0.1 percent of state real personal income; and real per capita incomes rise by a mere $6.20 in the same year. 151 Fiscal Effects In the medium-find scenario, state government revenues rise by nearly 65 million dollars annually by 1993 as a consequence of the development, as shown in Figure 61. Expenditures, on the other hand, required to maintain real per capita services at their pre-development level, rise by as much as 125 million dollars by the end of the period, as shown in Figure 62. Because the expenditure impacts quickly overwhelm the effect on state revenues, the fund balance held by the state is drawn down by the development by about 200 million dollars, or nearly 1 percent, by the year 2000, as shown in Figures 63 and 64. The high-find scenario, while generating 69 percent higher state revenues at the peak of development, induces sufficiently higher population growth to require 75 percent greater expenditures by the year 2000, thus drawing down state fund balances by nearly 344 million dollars by the year 2000, 72 percent more than in the medium scenario. The low-find scenario generates only 42 percent of the peak level revenues of the medium-find scenario but also requires only 37 percent as much of an increase in expenditures .as in the medium-find scenario, so that the drawdown of state fund balances is only 42 percent as severe as in the medium-find scenario. 152 [ [ [ [ [ [ [ r L~ C ·[· ~ c [ [ E [ L L r~ I . L [ [ [ [ [ [ r L 1: L [ [ [ ,~ L r I L L -10. 1980 FIGURE 61. STATE GOVERNMENT FISCAL IMPACTS: REVENUES (Millions of 1979 Dollars) 1985 1S9e 1995 EXPL LOW MOD 1980 0. 0. o. 1981 o. 0. 0. 1982 o. 0. 0. 1983 -o. 08 s -o .167 -0.259 1984 0.4 0.646 1. 285 1985 0.869 1 .609 4.248 1986 0.523 3.57 12.906 1987 0.043 7.312 22.102 1988 -0.188 9.977 29.723 1989 -0.297 13.602 33.879 1990 -o .348 16.957 39.234 1991 -o .38 3 24.852 53.582 1992 -0.41 27. 117 64.344 1993 -0.418 24.223 64.992 1994 -o .434 20.535 59.145 1995 -0.449 1 8. 461 53.754 1996 -0.473 18.082 50.594 1997 -o .492 17.652 48.937 1998 -0.5 16.926 47.41 1999 -0.512 16. 1 OS 45.598 ·~-------------·-2000 -0.525 15.228 43.576 SOURCE: MAP Model 153 High Find Medium Find Low Find 2000 HIGH o. o. o. -0.25<3 1 .149 4.83 20.824 38.543 53.258 63.723 71.594 89.816 105.234 109.871 104.551 96.652 90.937 86.723 83.109 79.547 76.166 150. 75. 0. 1980 ----·-----·------ SOURCE: FIGURE 62. STATE GOVERNMENT FISCAL IMPACTS: EXPENDITURES (Millions of 1979 Dollars) 1985 1S90 1995 EXPL LOW MOD 1980 0. o. o. 1981 0. o. o. 1982 0. 0. o. 1983 0.346 0.69 1. 071 1984 1.02 1 .614 3. 311 1985 1.10 3 3.037 5.973 1986 0.664 4.96 8.358 1987; 0.421 4.676 12.981 1988 0.329 6.81 20.444 1989 0.295 11. 14 25.607 1990 0.271 24.333 48. 189 1991 0.259 32.323 70.942 1992 0.253 32.989 83.554 1993 0.243 31 .252 85.548 1994 0.232 31.094 86.335 1995 0.231 33.782 90.368 1996 0.222 36.691 97.139 1997 0. 21 1 39.295 104.617 1998 0.214 41.743 111 . 765 1999 0.188 44.153 118.681 2000 0.184 46.367 124.965 MAP Model 154 Medium Find Low Find 2000 HIGH o. 0. o. 1.045 2.939 6.539 11.847 21.865 34.419 47.948 80.189 114.447 139.162 149.668 154.165 161.545 171.447 182.98 194.782 207.146 216.43 [ [ [ r L r L [ p L [ [' -· ~ B [ L r L r-- I L [ I, [ I' L 60. -80. -220. FIGURE 63. STATE GOVERNMENT FISCAL IMPACTS: FUND BALANCES (Millions of 1979 Dollars) Low Find High -:-460. ~----------------------------------------------~ Find ~ [j [ [ r~ L 1980 r------·----·· L SOURCE: MAP Model [ 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 )990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 1$)90 EXPL LOW o. o. o. 0. o. o. -0.504 -1. -0.445 -0.852 0.078 -0.496 -0.469 1 .645 -1.395 6.551 -2.078 9.285 -2.625 14.273 -3.07 13.266 -3.488 25.602 -3.914 30.562 -4.301 23.707 -4.652 10.77 -4.984 -2.934 -5.324 -15.027 -5.672 -28.953 -5.945 -45.234 -6.273 -63.516 -6.504 -83.172 155 1995 2000 MOD HIGH 0. o·. 0. o. o. o. -1.555 -1 .52' -1.375 -1.332 0.699 0.992 10.437 19.00.8 23.77 44.285 38.219 73.965 54.699 101.809 49.203 103.09 62.598 117.238 75.887 129.918 71.883 123.375 46.793 87.703 14.496 34.301 -20.289 -25.301 -58. 176 -92.727 -100.691 -168.191 -148.574 -252.984 -200.379 -343.906 FIGURE 64. STATE GOVERNMENT FISCAL IMPACTS: MODERATE CASE (Millions of 1979 Dollars) 50. Revenues -50. -150. -~0. 1980 1985 1990 1995 E99SR REVGFR FUN OR 1980 o. o. 0. 1981 0. o. 0. 1982 o. o. 0. 1983 1.071 -0.259 -1.555 1984 3. 31 1 1 .285 -1.375 1985 5.973 4.248 0.699 1986 8.358 12.906 10.437 1987 12.981 22.102 23.77 1988 20.444 29.723 38.219 1989 25.607 33.879 54.699 1990 48.189 39.234 49.203 1991 70.942 53.582 62.598 1992 83.554 64.344 75.887 1993 85.548 64.992 71.883 1994 86.335 59.145 46.793 1995 90.36a 53.754 14.496 1996 97.139 50.594 -20.2a9 1997 104.617 4a.937 -sa. 176 199a 111.765 47.41 -100.691 1999 1 1 a. 681 45.59a -14a.574 ··---------· ·-. 2000 124.965 43.576 -200.379 SOURCE: MAP Model 156 (REVGFR) (FUNDR) [ [ [ [ [ [ [ r L [ [ c E b . ~ [ L l f . I L L r [ [ [ [ r: L [ [ [ c [ Ll [ [ f' L r-: I 6 [ REGIONAL IMPACTS Anchorage Population. In the medium-find development scenario, Anchorage population is increased by 7 ,087, or 2.5 percent, by the year 2000 over its base case level, as shown in Figure 65. This amounts to 37 percent of the total statewide population impact. High-find scenario developments raise Anchorage population by 12,262 in 2000, a 73 percent greater impact than associated with the medium find. Low-find scenario impacts on population reach only 2,623, or 37 percent of the medium-find impact. If exploration is unsuccessful, peak Anchor- age populatio·n impact of 94 persons occurs in 1985. Employment. As shown in Figure 66, medium-find OCS development raises Anchorage employment by 3,541 by the year 2000, 36 percent of the state- wide employment impact. As shown in Figure 67, the bulk of this impact (76 percent) occurs in the support sector, and less than 5 percent occurs in the basic sector, with the remainder due to increased govern- ment employment. In the high-find scenario, employment rises by 6,180 persons by the year 2000, 74.5 percent higher than the medium-find impact. In the low-find scenario, employment by the year 2000 is 1,294 higher than in the base case, less than 37 percent of the medium-find impact. If exploration is unsuccessful , total employment impact in Anchorage peaks at only 70 persons in 1985. 157 FIGURE 65. ANCHORAGE POPULATION IMPACTS (Thousands of Persons) 10.0 5.0 0.0 1980 1985 1990 1995 EXPL Lm~ 1980 0. o. 1981 o. o. 1982 0. o. 1983 0.01 5 0.031 1984 0.064 0.108 1985 0.094 0.177 1986 0. 073 0.284 1987 0.046 0.413 1988 0.035 0.477 1989 0.03 0.856 1990 0.027 1. 512 1991 0.024 2.079 1992 0.023 2.159 1993 0.021 2.054 1994 0.02 1 . 991 1995 0.018 2.073 1996 0.01 7 2.213 1997 0.016 2.332 1998 0.01 5 2.437 -----~ 1999 0.01 4 2.535 SOURCE: MAP ~1ode 1 2000 0.01 4 2.623 158 MOD 0. 0. o. 0.051 0.2 0. 328 0.656 1. 233 ~.54 2.052 2.992 4.468 5.319 5.505 5.47 5.584 5.865 6.208 6.533 6.826 7.087 [ [ High r .. Find L_ r L Medium C Find L. [ Low Find c [ 2000 HIGH o. o. o. 0.049 0.185 0.346 0.872 , .951 2.866 3,598 5.117 7.213 8.709 9.433 9. ::·91 9.327 10.245 10.748 11.269 11 . 785 12.262 [ [_~ L [ [ r' L ----r· I L [ FIGURE 66. ANCHORAGE EMPLOYMENT IMPACTS (Thousands of Persons) r-, I [ r 5.0 L_:: ~~ L~ [~" 2.5 c:~ g LJ 0. 1980 1985 1990 1995 D c EXPL LOW MOD 1980 o. o. 1981 0. o. 1982 0. o. 1983 0.021 0.041 § 1984 0.062 0.101 1985 0.07 0.'169 1986 0.04 0.257 1987 0.01 7 0.263 [ 1988 0.008 0.315 1989 0.005 0.534 1990 0.005 0.999 19~1 0.0.04 1 . 381 1992 0.004 1 .358 [ 1993 0.004 1. 182 1994 0.003 1.057 1995 0.003 1.066 199.6 0.003 1 .132 1997 0.003 1 .182 I o L 1998 0.003 1.224 1999 0.003 1. 261 SOURCE: MAP Model 2000 0.003 1 .294 r--------- I u [ 159 o. 0. 0. 0.065 0.2 0.329 0.464 0.736 1. 052 1. 231 1. 895 2.941 3.425 3.343 3.095 3. 3.067 3.201 3.332 3.443 3.541 High Find Medium Find Low Find 2000 HIGH o. 0. o. 0.064 0.181 0.352 0.651 1.226 1 .884 2.312 3.26 4.707 5.595 5.799 5.559 5.42 5.465 5.611 5.799 5.994 6.18 3.00 2.00 1.00 ------·-· ------ SOURCE: FIGURE 67. ANCHORAGE EMPLOYMENT IMPACTS, BY SECTOR, MODERATE CASE (Thousands of Persons) EM99R5 EMB1 R5 EMS1R5 1980 o. o. o. 1981 0. o. 0. 1982 o. o. 0·. 1983 0.065 0.018 0. 041 1984 0.2 0.043 0. 132 1985 0.329 0.053 0.227 1986 0.464 0.06 0.352 1987 0.736 0.081 0.608 1988 1 .052 0.081 0.862 1989 1. 231 0.112 0.933 1990 1 .895 0.107 1. 482 1991 2.941 0.139 2.301 1992 3.425 0.155 2.655 1993 3.343 0.15 2.576 1994 3.095 0.132 2.376 1995 3. 0.128 2.292 1996 3.067 0.132 2.335 1997 3.201 0.142 2.433 1998 3.332 0.152 2.528 1999 3.443 0.158 2. 61 MAP Model 2000 3.541 0.168 2.681 160 Total (EM99R5) Support Sector (EMS1R5) EMG9R5 o. o. o. 0.005 0.026 0.049 0.053 0.048 0.108 0.186 0.306 0.501 0.615 0.617 0.587 0.58 0.599 0.627 0.652 0.675 0.692 [ [ [ [ r·~ L. [ r· r~ L [ [ L L [ L r- L r- I L [ r- ! I [ E [ [ t' L r, L L Personal Income. As shown in Figure 68, the impact of the medium-find OCS development scenario on Anchorage personal income occurs in the year 2000 and amounts to over 122 million dollars, or a 2.5 percent increase representing 36 percent of the total statewide impact. In real per capita terms, as shown in Figure 69, there are two peaks--an early development peak of 94.7 dollars in 1988 and a later peak of 167 dollars in 1991, followed by an almost complete dissipation of the growth by an expanding population. High-find impacts peak at nearly 50 percent higher than in the medium- find scenario, and low-find impacts reach only 39 percent of the impacts of the medium-find case. If exploration yields no commercial discoveries, real income impacts peak at 2.3 million dollars· in 1984, when real per capita incomes go up by a mere $7.20. Norton Sound Population. Unlike the impacts in Anchorage and the state as a whole, the effect of medium-find developments on the Norton Sound population occur during the drilling rather than production phase of the project. As shown in Figure 70, population impact peaks in 1991 at 5,310 persons, a nearly 40 percent increase in Norton Sound population. By 2000, however, as direct employment declines to a stable operating force, total population impact falls to 3,688 persons, a 24.4 percent increase in the region•s population. While this is only 19 percent of the state- wide population impact, its concentration in the small Norton Sound area makes it perhaps the most significant impact. 161 150. 75. 0. 1980 --------------. -------- SOURCE: MAP FIGURE 68. ANCHORAGE PERSONAL INCOME IMPACTS (Millions of 1979 Dollars) 1985 1gsl0 1995 EXPL LOW MOD 1980 0. 0. 0. 1981 o. o. o. 1982 0. o. 0. 1983 0.852 1. 727 2.702 1984 2.305 3.548 7.302 1985 2.11 5 5.889 11 . 085 1986 0. 91 1 8.734 17.861 1987 0.371 8.353 33.069 1988 0.202 13.03 40.761 1989 0.142 22.523 39. 42.8 19"90 0.128 38.404 73.859 1991 0. 11 5 44.824 102.585 1992 0.11 6 41.115 110.833 1993 0.122 35.235 104.284 1994 0.11 8 32.823 97.853 1995 0.11 2 34.963 97.718 1996 0.109 37.248 102.166 1997 0.11 7 39.148 107.812 1998 0.10 9 40.895 113. 02 1999 0. 121 42.613 117.875 Model 2000 0.105 44.117 122.166 162 [ [ [ [ r High r·· Find L Medium Find L [ Low Find c 2000 t HIGH L o. 0. E o. 2.647 6.488 12.787 [ 26.703 56.933 75.882 78.922 120.117 L 161.804 183.178 183.344 175.64 174.942 , .. 179.252 L 186.719 194.848 203.836 r· 211.766 ---- I L L [ [ l~ [ [ [ [ I I L; [ e00. 125. 50. FIGURE 69. ANCHORAGE REAL PER CAPITA INCOME IMPACTS (1979· Dollars) -25. Low Find L-----------------------------------------------------~ 1980 1985 1~ 1995 2000 EXPL LOW MOD HIGH 1980 o. 0. 0. o. 1981 o. 0. 0. 0. 1982 o. 0. 0. o. 1983 3.164 6.367 9.805 9.621 1984 7.203 10.574 23.066 20.09 1985 4.633 18.012 34. 195 41 .316 1986 -o. 01 6 25.055 46.57 76.125 1987 -1 .059 14.566 81.902 150.922 1988 -1 .238 31.375 94.715 175.32 1989 -1 .203 49.582 52.355 135.117 1990 -1.09 77.113 142.207 213.926 1991 -1.012 66.023 167.258 250.73 1992 -0.91 8 41.023 139.582 232.437 1993 -o. 785 19.352 91.316 172.633 1994 -0.73 10.734 59.645 118.805 1995 -0.676 11.605 44.59 88.625 1996 -0.625 8.93 36.332 65.414 1997 -0.57 5.637 27.992 47.941 1998 -0.5 2.543 18.965 31.816 1999 -0.395 0.223 11 . 574 20.734 SOURCE: MAP Model 2000 -0.465 -2.758 2.863 6.098 163' 7.5 50 2.5 FIGURE 70. NORTON SOUND POPULATION IMPACTS (Thousands of Persons) ~.....,....,._+-....... ~~-...J. High Find Medium '-....,._,...._,.._..__...,._-+ Find 0.01_._~~~~--~~--~==~------~~------~~ 1980 1985 SOURCE: MAP Model [ [ [ L [ [ [ r, r~ L [ [ [ In the high-find scenario, Norton Sound population rises by 8,874 at the peak of development in 1992, a 65.8 percent rise in regional population, and falls eventually to a long-term impact of 6,747, a 44.6percent rise in regional population over the base case. In the low-find scenario, population impact peaks in 1990 at 2,265 persons, a 17.3 percent increase in regional population, falling to a long-term impact of 1,341, or an 8.9 percent population increase. If exploration is unsuccessful, popu- lation impact peaks at 198 persons in 1984. Employment. As shown in Figure 71, the OCS developments of the medium- find scenario have impacts on Norton Sound employment which peak during drilling operations in 1991 at 3,731 persons, representing a more than doubling of regional employment.· By the year 2000, this impact has declined to 2,853 persons, a 62 percent increase in regional employment, constituting 29 percent of the statewide impact of such development. As shown in Figure 72, this employment impact is far different from that associated with Anchorage or the state as a whole, inasmuch as the bulk of the impact is in the basic sector, primarily the direct employment engaged in OCS operations. By 2000, 86 percent of the regional employ- ment impact is in the basic sector. Only 13 percent of the employment impact is in the support sector, reflecting both the enclave nature of development and the traditional propensity for income in the region to be spent elsewhere in the state. The remaining 1 percent of total impact is due to increased government employment. 165 7.5 5.0 a.s 0.0 1980 SOURCE: MAP FIGURE 71. NORTON SOUND EMPLOYMENT IMPACTS 1985 -·------· ----- Model (Thousands of Persons) 1990 EXPL 1980 0. 1981 o. 1982 o. 1983 0.047 1984 0.104 1985 0.058 1986 o.oo 1 1987 0.001 1988 0. 1989 o. 1990 0. 1991 o. 1992 o. 1993 0. 1994 o. 1995 o. 1996 o. 1997 0. 1998 0. 1999 o. 2000 0. 166 High ~~~~~~--~-tFind --..,_.,_._....-.,_ .... ......,._1 Med i urn Find Low Find 1995 2000 LOW MOO HIGH o. 0. o. o. 0. o. o. 0. o. 0.094 0.144 0.14 0.152 0.343 0.295 0.259 0.508 0.601 0.377 0.542 0.877 0.18 0.694 1 .342 0.389 0.998 1 .599 0.586 0.978 2.051 1 .558 3.094 4.773 1 .557 3. 731 5.964 1.206 3.539 6.198 0. 941 2.927 5.553 0.902 2.659 5.027 1. 021 2.664 4.961 1. 028 2.754 4.938 1 .034 2. 811 5.006 1. 04 2.828 5.036 1 .045 2.842 5.1 1.049 2.853 5.121 [ [ ,~ t ! - [ I L~ [ ,- L. c [ [ E [ L ,~ L f - I L [ I L~ [ r L [ [ [ [ a.s 1 8 . 0.8 FIGURE 72. NORTON SOUND EMPLOYMENT IMPACTS, BY SECTOR, MODERATE CASE (Thousands of Persons) Total __ ....,._..._...___, ( EM99R8) Support (ector EMS1R8) G?vernmert EMG9R8 1990 199S 2000 -0.3L-------------------------------------~~~--------~ 1989 1985 EM99R8 EMBfJ(8 EMS1R8 EMG9R8 1980 o. 0. o. 0. 1981 o. 0. o. o. 1982 o. 0. 0. o. 1983 0.144 o.oa8 0.056 0. 1984 0.343 0.206 0. 137 -o. 1985 0.508 0.26 0.246 0.002 1986 0.542 0.36 0.185 -0.002 1987 0.694 0.563 0.14 -0.009 1988 0.998 0.588 0.405 0.004 1989 0.978 0. 776 0. 198 0.004 1990 3.094 2.695 0.408 -0.009 1991 3.731 3.298 0.429 0.0"04 1992 3.539 3.103 0.<122 0.014 1993 2.92 7 2.519 0.391 0.018 1994 2.659 2.272 0.372 0.015 1995 2.664 2.282 0.368 0.013 1996 2. 754 2.367 0. 373 0.014 1997 2.811 2.416 0.377 0.017 1998 2.828 2.429 0.38 0.019 1999 2. 84 2. 2.444 0.38 0.019 2000 2.95j ~.451' 0.38 0.021 SOURCE: MAP Model 167 In the high-find scenario, peak employment impact occurs in 1992 and is 66 percent larger than in the medium-find scenario. In the low-find scenario, the peak occurs in 1990, at less than 42 percent the level of the medium-find scenario. Should exploration prove unsuccessful, maximum employment impact of 104 persons occurs in 1984. Personal Income. Figures 73 and 74 present the impacts of Bering-Norton OCS development on Norton Sound real personal income and real per capita income, respectively. In the medium-find scenario, personal income increases by 95.2 million dollars, or 91 percent, at the peak of development, falling to a long- run impact of 85.1 million dollars, or a 55.5 percent gain in regional income, constituting about 25 percent of the statewide income impact. In real per capita terms, income rises 2,877 dollars at the peak in 1991, a 36.6 percent rise in real per capita incomes. Unlike the statewide and Anchorage impacts on real per capita income, however, the Norton Sound gains are not dissipated over time for two reasons. First, the excess migration into the region in response to the new employment is much less significant in an isolated area such as Nome than a more open area such as Anchorage. Second, because both the initial peak and the long-run impact consist of highly paid basic sector workers, there is no gradual shift over time toward an increased dominance by lower-paid support sector and government workers in total impact, as is the case both statewide and in Anchorage. 168 [ [ ~~ [ [ [ [ r: L [ c E [ E [ L L [ 150. r I 100. L: L [ 50. [ [ [ SOURCE: MAP t FIGURE 73. NORTON SOUND PERSONAL INCOME IMPACTS (Millions of 1979 Dollars) High Find ___ _. __ .-_,Medium Find 1985 1995 2000 EXPL LOW MOD HIGH 1980 0. o. 0. 0. 1981 o. o. 0. o. 1982 o. o. 0. o. 1983 .1 .082 2.166 3.345 3.249 1984 2.236 3.24 7.218 6.226 1985 1.23 5.085 9.791 11 . 902 1986 0.033 7.377 12.846 20.658 1987 0. 01 4 4.267 20.145 38.267 1988 o.oo 7 9.344 23.574 41.731 1989 0.005 15.169 23.486 48.653 1990 0.005 38.353 77.735 119.591 1991 0.004 39.204 95.226 152.586 1992 0.004 30.792 91.876 161 .627 1993 0.004 24.316 77.074 147.139 1994 0.004 23.637 70.792 134.274 1995 0.004 27.32 72.012 134.454 1996 0. 004 28.081 76.113 136.59 1997 0.004 28.925 79.522 14~.74 15 1998 0.003 29.738 81.743 145.669 1999 0.004 30.315 83.311 149.718 ---- Model 2000 0.003 30.985 85. 128 153.021 169 2500. FIGURE 74. NORTON SOUND REAL PER CAPITA INCOME IMPACTS (1979 Dollars) SOURCE: MAP Model Medium Find [ [ [ [ r L r L [ r I [ r L r L ! • L.> In the high-find scenario, personal income impacts peak nearly 70 percent higher than in the medium-find case; while real per capita impacts peak some 40 percent higher than in the medium-find scenario. In the low- find scenario, real income impacts peak at only 41 percent of their medium-find levels; and real per capita incomes rise by less than half the amount in the medium scenario. 171 [ r L I, L c [ [ r L [ V. SUMMARY The direct effects of the development of OCS resources in the Norton Sound area are twofold--the generation of direct employment and the generation of state property tax revenues. The magnitude of these effects depends primarily on the size of the resource discovery. Employment requirements vary from a peak of less than 100 persons if no resources are discovered to a peak of nearly 5,000 persons if a maximum level of resources is discovered. State revenues may amount to zero in the case of an unsuccessful exploration program to as much as 80 million dollars annually for a high level of discovery. Generally, the indirect effects of such developments can be expected to constitute the major shares of total impacts, .both statewide and in Anchorage, because of the responsiveness of the support sector to such development and the propensity for migrants to enter the s.tate in response to such development. However, such is not the case in the Norton Sound region, where total impact is dominated by the direct employment effects. Moreover, while such impacts are small relative to the economies of Anchorage and the state as a whole, they are by no means insignificant with respect to the Norton Sound area. Such developments may very well double employments and incomes in the region within a very short time span. Furthermore, such radical change may substantially alter the structure of the regional economy in Norton Sound. Such structural changes, to the extent they occur, will almost certainly be in the 173 direction of increasing the responsiveness of the regional support sector to basic employment and would consequently attract an even larger share of the statewide impacts to the Norton Sound area than is estimated here. While an analysis of such structural change is far beyond the scope of this analysis, the results presented here do clearly signal an impending major change in the character of the Norton Sound economy and population as a consequence of the development. 174 [ [ [ [ [ [ [ n L r L [ [ E E 6 L L [ r L r u I b ~ I d c u c [ I' I w = I- L REFERENCES Alaska Consultants. 1979. Baseline Conditions and Non-OCS Forecasts: Cook Inlet Socioeconomic Systems, Lower Cook Inlet Impact Analysis. Alaska Department of Commerce and Economic Development. 1979. The Alaska Economy: Year-End Performance Report 1978. Alaska Department of Commerce and Economic Development. 1979. Alaska Economic Information Reporting System, Quarterly Report, July 1979. Alaska Department of Labor. Various Years. Population Estimates by Census Division. Alaska Department of Labor. Various Years. Statistical Quarterly. Alaska Department of Labor. Various Years. Alaska Economic Trends. Alaska Department of Labor. 1978. Alaska's Economic Outlook to 1985. Alaska Department of Labor. 1979. Alaska Annual Planning Information: FY 1980. Alaska Department of Revenue. 1979. Petroleum Production Revenue Fore- cast: Quarterly Report, September 1979. Alaska Department of Revenue. 1979. Alaska's Revenue Sources. Alaska Department of Revenue. 1979. Revenue Sources FY 1979-1981: Quarterly Update Addendum, July 1979. Dames and Moore. 1979. Lower Cook Inlet and Shelikof Strait OCS Lease Sale No. 60 Petroleum Development Scenarios. Dames and Moore. 1979. Norton Basin OCS Lease Sale No. 57 Petroleum Development Scenarios. Data Resources, Inc. 1979. U.S. Long Term Review. Scott, M. 1979. Southcentral Alaska's Economy and Population, 1965-2025: A Base Study and Projection. U.S. Department of Energy, Federal Energy Regulatory Commission. 1978. Final Environmental Impact Statement: Western LNG Project. U.S. Department of Energy, Federal Energy Regulatory Commission. 1979. Prudhoe Bay Project: Draft Environmental Impact Statement. 175 ,· U.S. Department of Energy, Alaska Power Administration. 1979. Upper Susitna River Project Power Market Analysis. U.S. Corps of Engineers. 1979. Supplemental Feasibility Report: Susitna Hydroelectric Project. U.S. Department of Interior, Bureau of Land Management. 1979. Beaufort Sea Final Environmental Impact Statement. U.S. Department of Interior, Bureau of Land Management. 1980. Western Gulf of Alaska Draft Environmental Impact Statement. U.S. Department of Interior, Bureau of Land Management. 1979. Eastern Gulf of Alaska Draft Environmental Impact Statement. U.S. Department of Interior, Bureau of Land Management, Alaska OCS Office. 1978. Prudhoe Bay Case Study. U.S. Department of Interior, Geological Survey. 1979. Outer Continental Shelf Statistics. U.S. Department of Interior, Geological Survey. 1975. Geological Esti- mates of Undiscovered Recoverable Oil and Gas Resources in the United States, GS Circular 725. U.S. Environmental Protection Agency. 1980. Alaska Petrochemical Company: Draft Environmental Impact Statement. 176 D r [ [ r: L [ [ E f~ C L r-' . L [