Brett Watson
21:25 - 22:04
“Many regional economists have often commented that Alaska's economy is a bit like a three-legged stool, that there's kind of three pillars that support the rest of our, the rest of our economy. Bob described that metaphor as a bucket in which industries like the oil and gas industry, the federal government, and kind of all of our other basic industries bring new money into the state.”
- Speaker
- Brett Watson
- Timestamp
- 21:25 – 22:04
- Community
- Alaska News
- Location
- Alaska
- Captured at
From the transcript
Yeah, thanks, Bob. And so Bob did a really good job of setting the table for us here in describing the kind of model that regional economists use to characterize the way that regional economies grow. Many regional economists have often commented that Alaska's economy is a bit like a three-legged stool, that there's kind of three pillars that support the rest of our, the rest of our economy. Bob described that metaphor as a bucket in which industries like the oil and gas industry, the federal government, and kind of all of our other basic industries bring new money into the state. That money sloshes around before it leaks out as we purchase goods and services from outside the state.
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