Regional economic impact study for the McClellan Kerr Arkansas River Navigation System.
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2015-10-01
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Abstract:The McClellan-Kerr Arkansas River Navigation System (MKARNS), located in Oklahoma and
Arkansas, contains 440 miles of waterway and is a crucial part of the United States’
transportation system. The MKARNS strategically connects the heartland of the United States
with the rest of the world via the Mississippi River and Port of New Orleans. We investigate the
regional economic impacts of the MKARNS in order to inform waterway stakeholders of the
system’s value. Our study considers regional economic impacts from hydropower energy
generation, USACE O&M expenditures, private sector investment expenditures, port activities,
shippers’ activities, transportation cost savings, and recreation benefits related to the MKARNS.
Our findings show the MKARNS contributes total impacts of $8.5 billion in sales, $4.3 billion in
GDP, and 55,872 jobs to the national economy. The findings of this study will inform future
MKARNS investment decisions which can result in sustainable growth in the regional and
national economy.
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