The Economic Impact Of Water Resource: Broken Bow Lake In Mccurtain County In Southeastern Oklahoma

Abstract

Oklahoma has had water problems in the past, when most cities and towns relied mostly on wells pumping water to irrigate their agricultural lands and to provide water for municipal and industrial purposes. One of the fundamental elements of the social accounting method, especially the macroeconomic analysis and planning in the developed market economies, is the Social Accounting Matrix (SAM). The Social Accounting Matrix could be defined as a system of accounts integrated in the form of matrix, consistently including data on production and income generation on one hand, and on the revenues and expenditures of various institutional groups and classes in society on the other. The present study presents a frame work for using a Social Accounting matrix (SAM) technique to analyze the economic impacts of Broken Bow Lake in McCurtain County. The SAM has been used in developing countries to explore the interaction between macro-policy and structure adjustment. Using multiplier analysis, results of the present study can be used to illustrate how this frame work can capture the essential structural features of McCurtain County and sort out the direct and indirect links through which macro-shocks affect the systems (Sherman Robinson).