Gambling with our Future The Impact of Gambling on the Erie Area

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Gambling with our Future?The Impact of Gambling
on the Erie Area

• The Fifth Annual ERIE Economic Conference
• Tuesday, August 23, 2005
• The Economic Research Institute of Erie
• The Sam and Irene Black School of Business
• Penn State Erie

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Special Thanks to
The Sam and Irene Black School of Business Penn
State Erie
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The Erie Regional Economy

• Dr. James A. Kurre

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Erie Population
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Erie, PA and U.S. Population Indexes
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Erie, PA and U.S. Population Indexes
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Erie, PA and U.S. Population Indexes
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The Size of the Erie Economy

• Employment approx. 134,000 in May 2005
• Number of Nonfarm Business Establishments
• 6,807 establishments with employees in 2002
• 13,055 nonemployer establishments in 2002
• Aggregate Personal Income 7.2 bil. in 2003
• Gross Metro Product 10.0 billion in 2003

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Erie Income Per Capita, 1969-2003
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Erie Income Per Capita Adjusted for Inflation
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Erie and U.S. Real Income Per Capita
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Erie Income per Capitaas a of U.S.
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Erie Income per Capitaas a of U.S.
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Personal Income Per Capita 2003

• Personal of
• Income U.S.
• Erie 25,505 81.0
• U.S. 31,472 100.0

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Erie and U.S. Poverty Rates
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Unemployment Rates
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Unemployment Rates
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Difference in Unempt Rates Erie - US
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Property Crime per 100,000 People
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Property Crime per 100,000 People
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Violent Crime per 100,000 People
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Violent Crime per 100,000 People
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Erie Crime Rates Compared to U.S. Metro Average
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Industrial Distribution of Erie Employment, 2004
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Industrial Distribution of Erie and U.S.
Employment, 2004
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Lorenz Curves and Gini Indexes
100
80

60
Proportion of Income

40

20
0
0
20
40
60
80
100
Proportion of Population

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Lorenz Curves and Gini Indexes
100
80

Perfectly Equal Distribution
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Proportion of Income

40

20
0
0
20
40
60
80
100
Proportion of Population

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Lorenz Curves and Gini Indexes
100
80

60
Proportion of Income

40

20
0
0
20
40
60
80
100
Proportion of Population

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Lorenz Curves and Gini Indexes
100
80

60
Proportion of Income

40

20
Perfectly Unequal Distribution
0
0
20
40
60
80
100
Proportion of Population

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Lorenz Curves and Gini Indexes
GINI INDEX A / (AB)
Range 0 to 1
100
80

60
Proportion of Income
A

40
B
20
Lorenz Curve
0
0
20
40
60
80
100
Proportion of Population

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Gini Indexes for 2000
1
0.5
0
One Perfect Inequality
Zero Perfect Equality
.534 329 New York
.380 1 Sheboygan WI
.461 U.S.
.429 102 Erie PA

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Ginis 1980-2000
0.5
0.461
0.47
0.448
US
PA
0.44
Gini Ratio
0.405
0.41
0.38
0.35
1980
1990
2000
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Ginis 1980-2000
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WHY?

• Possible Explanations
• City size
• Education level or disparity
• Level of Income
• Age of population
• Gender/race
• Others

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The Impact of Travel Tourismin Erie, 2003

• Tourism Employment
• 7,933 direct tourism/travel employees
• Another 4,139 indirect and induced
• 8.9 of Eries total employment
• Tourism Wages 348 million
• Average Wage Per Direct Employee 24,830
• Eries contribution to Tourism Gross State
  Product 514 million
• Visitor Spending 498.2 million

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Visitor Spending 2003
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