scholarly journals Economic Contributions of the Green Industry in the United States in 20181

2020 ◽  
Vol 38 (3) ◽  
pp. 73-79
Author(s):  
Charles R. Hall ◽  
Alan W. Hodges ◽  
Hayk Khachatryan ◽  
Marco A. Palma
Keyword(s):  
United States ◽  
Gross Domestic Product ◽  
Value Added ◽  
The United States ◽  
Product Line ◽  
Retail Trade ◽  
Domestic Product ◽  
Total Output ◽  
Green Industry ◽  
Industry Output

Abstract The economic contributions of the green industry in the United States were estimated for 2018 using information on industry employment and wages, and economic multipliers from a U.S. IMPLAN economic model. Direct industry output for all sectors was estimated at $159.57 billion (B), and total output contributions, including indirect and induced regional economic multiplier effects of export sales, were $348.08 B. The total value added contribution to the Gross Domestic Product (GDP) was $190.98 B, including labor income contributions of $121.55 B, other property income contributions of $16.01 B and business taxes paid to local, state and federal governments of $25.84 B. The industry had direct employment of 1,599,662 fulltime and part-time individuals, and total employment contributions of 2,315,357 jobs in the broader economy. The largest individual industry sectors in terms of employment and GDP contributions were landscaping and horticultural services (1,460,669 jobs, $221.89 B), greenhouse, nursery and floriculture production (217,574 jobs, $28.69 B), and lawn and garden equipment and supplies stores (292,614 jobs, $43.80 B). The top ten states in terms of employment contributions were California (264,913 jobs), Florida (203,482), Texas (161,151), Ohio (90,406), Pennsylvania (90,075), New York (90,266), Illinois (87,595), North Carolina (78,766), Michigan (77,719), and Georgia (66,527). Since 2013, green industry contributions in 2018 increased by 16.2% for employment and 17.3% for GDP in inflation-adjusted terms. Growth in the industry was highest for wholesale and retail trade, while production and manufacturing declined. Although the green industry has grown slowly in recent years, it remains an important contributor to national, state and local economies. Index words: Sales, industry output, employment, value added, Gross Domestic Product, production, manufacturing, landscaping services, wholesale, retail, lawn and garden product line.

scholarly journals Economic Contributions of the Green Industry in the United States in 2013

2015 ◽  
Vol 25 (6) ◽  
pp. 805-814 ◽  
Author(s):  
Alan W. Hodges ◽  
Charles R. Hall ◽  
Marco A. Palma ◽  
Hayk Khachatryan
Keyword(s):  
United States ◽  
Impact Analysis ◽  
Value Added ◽  
The United States ◽  
Retail Trade ◽  
Total Output ◽  
Full Time ◽  
Regional Economic ◽  
Green Industry ◽  
Industry Output

Economic contributions of the green industry in the United States were estimated for 2013 using information on industry output, value added, employment and domestic/international exports, retail sector lawn and garden product sales, and economic multipliers from Impact Analysis for Planning (IMPLAN) regional economic models for each state. Direct industry output for all sectors was estimated at $136.44 billion (B), and total output contributions, including indirect and induced regional economic multiplier effects of export sales, were $196.07 B. The total value-added contribution to gross domestic product (GDP) was $120.71 B, including labor income contributions of $82.47 B, other property income contributions of $28.91 B and business taxes paid to local, state, and federal governments of $9.30 B. The industry had direct employment of 1,599,662 full-time and part-time jobs, and total employment contributions of 2,035,636 jobs in the broader economy. The largest individual industry sectors in terms of employment and GDP contributions were landscaping and horticultural services (1,105,526 jobs, $54.70 B); greenhouse, nursery, and floriculture production (240,809 jobs, $20.36 B); and lawn and garden equipment and supplies stores (217,798 jobs, $12.87 B). The top 10 states in terms of employment contributions were California (245,267 jobs), Florida (197,073), Texas (149,364), Ohio (77,664), Pennsylvania (77,569), Illinois (76,254), New York (73,676), North Carolina (72,014), Georgia (64,066), and Michigan (63,189). Green industry contributions represented 0.72% of U.S. GDP and 1.11% of total workforce employment, and it contributed over 1.0% of GDP in five states, and over 1.25% of employment in 10 states. Employment contributions averaged 0.6 jobs/mile2 of land area and 6.4 jobs per 1000 persons in the U.S. population, while GDP contributions averaged $34,176/mile2 and $382 per capita. Since 2007–08, green industry contributions in 2013 increased by 4.4% for employment and 2.7% for GDP in inflation-adjusted terms. Growth in the industry was highest for wholesale and retail trade, whereas production and manufacturing declined. Although the green industry has grown slowly in recent years, it remains an important contributor to national, state, and local economies.

scholarly journals Economic Contributions of the Green Industry in the United States in 2007–08

2011 ◽  
Vol 21 (5) ◽  
pp. 628-638 ◽  
Author(s):  
Alan W. Hodges ◽  
Charles R. Hall ◽  
Marco A. Palma
Keyword(s):  
United States ◽  
Building Materials ◽  
Value Added ◽  
The United States ◽  
Total Output ◽  
Full Time ◽  
Regional Economic ◽  
Green Industry ◽  
Total Sales ◽  
The U.S

Economic contributions of the green industry in each state of the United States were estimated for 2007–08 using regional economic multipliers, together with information on horticulture product sales, employment, and payroll reported by the U.S. Economic Census and a nursery industry survey. Total sales revenues for all sectors were $176.11 billion, direct output was $117.40 billion, and total output impacts, including indirect and induced regional economic multiplier effects of nonlocal output, were $175.26 billion. The total value added impact was $107.16 billion, including employee compensation, proprietor (business owner) income, other property income, and indirect business taxes paid to state/local and federal governments. The industry had direct employment of 1.20 million full-time and part-time jobs and total employment impacts of 1.95 million jobs in the broader economy. The largest individual industry sectors in terms of employment and value added impacts were Landscaping services (1,075,343 jobs, $50.3 billion), Nursery and greenhouse production (436,462 jobs, $27.1 billion), and Building materials and garden equipment and supplies stores (190,839 jobs, $9.7 billion). The top 10 individual states in terms of employment contributions were California (257,885 jobs), Florida (188,437 jobs), Texas (82,113 jobs), North Carolina (81,113 jobs), Ohio (79,707 jobs), Pennsylvania (75,604 jobs), New Jersey (67,993 jobs), Illinois (67,382 jobs), Georgia (66,042 jobs), and Virginia (58,677 jobs). The total value added of the U.S. green industry represented 0.76% of U.S. Gross Domestic Product (GDP) in 2007, and up to 1.60% of GDP in individual states. On the basis of a similar previous study for 2002 (Hall et al., 2006), total sales of horticultural products and services in 2007–08 increased by 3.5%, and total output impacts increased by 29.2%, or an average annual rate of 5.8% in inflation-adjusted terms.

scholarly journals The Economic Impact of the Green Industry in the United States

2006 ◽  
Vol 16 (2) ◽  
pp. 345-353 ◽  
Author(s):  
Charles R. Hall ◽  
Alan W. Hodges ◽  
John J. Haydu
Keyword(s):  
United States ◽  
Economic Impact ◽  
Urban Forest ◽  
Economic Impacts ◽  
National Level ◽  
Value Added ◽  
The United States ◽  
Total Output ◽  
Distribution Centers ◽  
Green Industry

The United States environmental horticulture industry, also known as the Green Industry, is comprised of wholesale nursery and sod growers; landscape architects, designers/builders, contractors, and maintenance firms; retail garden centers, home centers, and mass merchandisers with lawn and garden departments; and marketing intermediaries such as brokers and horticultural distribution centers (re-wholesalers). Environmental horticulture is one of the fastest growing segments of the nation's agricultural economy. In spite of the magnitude and recent growth in the Green Industry, there is surprisingly little information regarding its economic impact. Thus, the objective of this study was to estimate the economic impacts of the Green Industry at the national level. Economic impacts for the U.S. Green Industry in 2002 were estimated at $147.8 billion in output, 1,964,339 jobs, $95.1 billion in value added, $64.3 billion in labor income, and $6.9 billion in indirect business taxes, with these values expressed in 2004 dollars. In addition, this study evaluated the value and role of urban forest trees (woody ornamental trees); the total output of tree production and care services was valued at $14.55 billion, which translated into $21.02 billion in total output impacts, 259,224 jobs, and $14.12 billion in value added.

scholarly journals Design and Construction of an Innovative Device for Corrosion Testing of Materials in Different Environments

2009 ◽  
Vol 3 (4) ◽  
pp. 301-303
Author(s):  
Fernando Garcia-Hernandez ◽  
◽  
Adrian H. Oskam ◽  
Victor M. Castano ◽  
◽  
...  
Keyword(s):  
United States ◽  
Gross Domestic Product ◽  
Everyday Life ◽  
Low Cost ◽  
The United States ◽  
Corrosion Testing ◽  
Domestic Product ◽  
Laboratory Equipment ◽  
Loop Reactor ◽  
The World

Corrosion is the deterioration of a substance (usually a metal) or its properties because of the reaction with its environment. There are many forms of corrosion, some of which are encountered in everyday life. Direct losses due to corrosion are more than $276 billion dollars annually = 3.1% of Gross Domestic Product only in the United States. If we consider the rest of the world this figure would be many times higher. However, corrosion and its control besides of its importance, is often a neglected element in the practice of engineering. This work presents the design of an innovative low cost device to carry out corrosion testing of materials in different environments. High costs that result from the fabrication of special probes or devices for testing, make it an interesting challenge for the engineer or designer. This original and innovative device has been designed accordingly to both the laboratory equipment which will do the characterization and assessment of the corrosion testing, as well as the “Loop reactor” where testing will be carried out in different environments.

scholarly journals The Coming Revolution: The Healthcare Challenge

2018 ◽  
Author(s):  
John Halamka
Keyword(s):  
United States ◽  
Gross Domestic Product ◽  
World Economy ◽  
The United States ◽  
Domestic Product ◽  
The World ◽  
The Right ◽  
The U.S

The United States spends nearly 17% of its gross domestic product on healthcare,1 almost double that of any other industrialized country,2 and achieves worse outcomes by many measures.3 The U.S. may have the most healthcare in the world, but we do not have the best healthcare. Today, Healthcare in the U.S. is a poor value. If we are going to remain competitive in the world economy, we must deliver the right care in the right setting at the right time at the right cost.

The Economic Situation

1961 ◽  
Vol 18 ◽  
pp. 4-18 ◽  
Keyword(s):  
United States ◽  
Gross Domestic Product ◽  
Western Europe ◽  
Commodity Prices ◽  
The United States ◽  
Balance Of Payments ◽  
Economic Environment ◽  
Domestic Product ◽  
The World ◽  
World Economic

The July measures were followed by a halt to the increase in the gross domestic product and almost certainly by a slight down-turn. So far there is no indication of significant change in the balance of payments situation since the second quarter, although the measures halted speculation against sterling and have been followed by a renewed inflow of foreign funds. The world economic environment now seems somewhat less favourable to an improvement in the United Kingdom's payments situation than it did in September, in spite of the recovery in the United States. The main reasons for a more cautious prognostication now lie in a pause in the economic expansion of western Europe; this has contributed to the weakness of commodity prices and is therefore limiting the prospects for expanding exports to primary producing countries.

scholarly journals IMPACT OF THE UNITED STATES AND CHINA TRADE WAR ON GROWTH IN ASEAN COUNTRIES

2019 ◽  
Vol 7 (3) ◽  
pp. 64-78
Author(s):  
Kamran Jafarpour Ghaleh Teimouri ◽  
Seyed Mohammad Taghi Raeissadat
Keyword(s):  
United States ◽  
Gross Domestic Product ◽  
The United States ◽  
United States Government ◽  
Domestic Product ◽  
The World ◽  
Trade War ◽  
Asean Countries ◽  
The Impact ◽  
United States Trade

For more than a century, American had the biggest economy and the highest Gross Domestic Product (GDP) about 24.1%. On the other side of the world. Recently, China with 15.1% Gross Domestic Product (GDP) placed as the second biggest and the most influential economy in the world in 2017 (World Bank, 2019). Therefore, China and United States together have over 40% of the world GDP with the huge spatial economic influence in the world. The impact of a trade war between the United States and China has a negative influence in other countries and regions in particular in the ASEAN countries. The ASEAN countries are very exposed to China and United States they are more vulnerable to trade war between the United States and China. This study first evaluates the degree of negative impact of China and United States trade war on ASEAN countries. After that, show how an effective regional economic integration can minimize such problems in future. This research is based on available secondary data in United States government reports (e.g., United States Department of State, Office of United States trade) and (e.g. OCBC Bank and ASEAN). Based on data and research the descriptive-analytical method is used in this paper.

scholarly journals Financial impact of foreign exchange entering the state of Guanajuato

2019 ◽  
pp. 7-11
Author(s):  
María De La Luz Gómez-Bravo ◽  
Jessica Margarita Gomez-Bravo ◽  
Miguel Ángel Andrade-Oseguera ◽  
José Luis Barcenas-Puente
Keyword(s):  
United States ◽  
Gross Domestic Product ◽  
Foreign Exchange ◽  
United States Of America ◽  
Basic Needs ◽  
The United States ◽  
The State ◽  
The Other ◽  
Financial Impact ◽  
Domestic Product

This work is focused on the financial impact that the state of Guanajuato has for the dozens of families that depend on the currencies sent by their relatives who are in the United States of America since these are the ones that reactivate the economy of the 46 municipalities of the state, the Currencies are almost 90% of the sources of income for families in the state. The Bank of Mexico reported that in the first half of the year more than One Thousand Two Hundred million dollars arrived, then approximately 600 million dollars are arriving in the state per quarter, this money that is sent by migrants has been destined to the basic needs of their relatives a 70% is used in food the other 30% is used in health and housing modifications. This places the state of Guanajuato in 3rd place of migrants to the neighboring country, the currencies for the state represent 6% of the Gross Domestic Product GDP of the state

scholarly journals The Role of TNCs in U.S. Economic Strategy

2021 ◽  
Vol 5 (520) ◽  
pp. 42-48
Author(s):  
O. V. Chernova ◽  
◽  
D. H. Zaiats ◽  
Keyword(s):  
United States ◽  
Gross Domestic Product ◽  
Multinational Corporations ◽  
United States Of America ◽  
Transnational Corporations ◽  
The United States ◽  
Domestic Product ◽  
Economic Strategy ◽  
The Impact ◽  
The U.S

The article is aimed at analyzing the impact of American transnational corporations (TNCs) on the economic strategy of the United States of America. During the research, the essence of the category of «transnational corporation» is considered and the peculiarities of functioning of the leading TNCs are defined. The key vectors of U. S. economic strategy at the present stage are specified. The activities of transnational (multinational) corporations in the United States of America is analyzed. The article carries out a comprehensive analysis of the existing ratings of American transnational corporations. The key indicators of their activity in various spheres of public production and sectors of economy are analyzed. The impact of transnational corporations on the U.S. economy is evaluated by analyzing the dynamics of exports, imports, indices of gross domestic product (GDP) and gross domestic product per capita. The activities of American TNCs in the territories of foreign countries is studied. The analysis of the dynamics of direct foreign investment of the United States of America abroad and the scale of investment in the national economy of the country from abroad is carried out. The geographical structure of foreign direct investment from the United States of America is considered. Existing threats to the U.S. economy caused by transnational corporations are identified, and their consequences are estimated. Conclusions have been drawn on the future prospects of transnationalization of the US economy and the impact of global companies on the economic strategy of the United States of America.

Sign in / Sign up

Export Citation Format

Share Document