Trends in Wealth-driven

communities: Teton County Wyoming.

byDr. Roger Coupal

University of Wyoming

PCI 2010 Ave. Earn./JobTeton, WY (2) 94,672 (541) 39,030

New York, NY (1)111,386 (1) 90,513Marin, CA (4) 82,936 (53) 55,741Pitkin, CO (7) 76,318 (264) 43,917Wyoming 43,568 46,442Montana 33,727 37,506Colorado 41,388 50,130

Washington 41,837 54,445

Teton Co., Wy Loving Co., Tx

New York, NYMarin Co., Ca

Teton Co., Wy Loving Co., Tx

New York, NYMarin Co., Ca

Sully Co., SD

Source and Distribution of Wealth Income

•What generates wealth income?•Resource base?•Agglomeration effects?

DIRreg DIRrus

OPIrusOPIreg

Modeling framework*

*Source: Dr. David Holland

Preliminary Econometric ResultsLong run (1969-2009) Pre-boom (1969-1999)

DIR Teton Co.

R2 0.9686 0.9803

OPI Teton Co. -0.0387382 0.2464057

-0.38 2.36

OPI Wy 0.1040278 2.75319

25.67 2.36

OPI rusa 2.670193 2.75319

25.67 29.56

const -26.8425 -30.55175

-21.5 -32.08

DIR Wy

R2 0.9561 0.9797

OPIWy 0.3128559 0.3607295

12.61 10.02

OPI rusa 1.172472 1.148256

0.0555415 0.0391768

const -5.357344 -5.430031

-6.84 -11.64

Long run (1969-2009) Pre-boom (1969-1999)

DIR Co

R2 0.9714 0.9688

OPI Co 0.2925409 0.0329359

7.4 0.36

OPI rusa 1.274403 1.44379

17.78 11

const -5.215522 -5.024521

-6.44 -4.75

DIR Id

R2 0.9578 0.969

OPI Id 0.4127298 0.3591732

10.56 8.31

OPI rusa 1.139174 1.045252

17.57 18.8

const -5.357454 -3.523175

-6.5 -5.89

DIR Wa

R2 0.966 0.9704

OPI Wa 0.2675451 0.419087

5.63 3.44

OPI rusa 1.268773 0.9512583

16.65 6.47

const -4.60577 -1.627134

-5.58 -1.71

Conclusions

• Counties like Teton County, Wy have drivers that make it very different place relative to other regions:

• Higher employment than population, so commuting is a major factor

• Wealth income is the dominant driver but potential re-spending effects are likely minimal.

• Potential avenue for building investment groups such as “Angel Investors”

• Should we care what happens? Probably not. Its relevance is highly limited