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A Method for Improving Economic Contribution Studies for Regional Analysis

Author

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  • Watson, Philip
  • Cooke, Stephen
  • Kay, David
  • Alward, Greg

Abstract

Economic contribution studies are full of challenging theoretical and methodological is-sues. The economic export base method for conducting contribution analysis presented ad-dresses the challenge of double counting while increasing an analyst’s insight into a regional economy. Using data from regional social accounts, an economic export base model is pre-sented that simultaneously separates export base contributions for each sector as a row of col-umn vector sums. The export base measures of economic activity by sector serve as an inter-nally consistent and externally correspondent measure of any given sector’s ex post regional economic contribution. The sum total of the export base and original “gross” measures of economic activity across sectors are equal for the economy but are almost always unequal by sector. These base measures are also valuable by themselves and as inputs into further anal-yses into questions regarding competitive advantage, diversity, resilience, dependency, typol-ogy, and growth.

Suggested Citation

  • Watson, Philip & Cooke, Stephen & Kay, David & Alward, Greg, 2015. "A Method for Improving Economic Contribution Studies for Regional Analysis," Journal of Regional Analysis and Policy, Mid-Continent Regional Science Association, vol. 45(01).
    • Handle: RePEc:ags:jrapmc:243975
    DOI: 10.22004/ag.econ.243975
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    References listed on IDEAS

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    1. Watson, Philip & Wilson, Joshua & Thilmany, Dawn D. & Winter, Susan, 2007. "Determining Economic Contributions and Impacts: What is the difference and why do we care?," Journal of Regional Analysis and Policy, Mid-Continent Regional Science Association, vol. 37(2), pages 1-7.
    2. Miller, Tom W. & Sabbarese, Donald, 2012. "An Economic Indicator for the State of the Economy in the Southeastern U.S," Journal of Regional Analysis and Policy, Mid-Continent Regional Science Association, vol. 42(01), pages 1-27.
    3. Charles M. Tiebout, 1956. "Exports and Regional Economic Growth: Rejoinder," Journal of Political Economy, University of Chicago Press, vol. 64(2), pages 169-169.
    4. Maureen Kilkenny & Mark D. Partridge, 2009. "Export Sectors and Rural Development," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 91(4), pages 910-929.
    5. repec:ags:jrapmc:133140 is not listed on IDEAS
    6. Charles M. Tiebout, 1956. "Exports and Regional Economic Growth," Journal of Political Economy, University of Chicago Press, vol. 64(2), pages 160-160.
    7. Cooke, Stephen C. & Watson, Philip, 2011. "A Comparison of Regional Export Enhancement and Import Substitution Economic Development Strategies," Journal of Regional Analysis and Policy, Mid-Continent Regional Science Association, vol. 41(01), pages 1-15.
    8. Vollet, Dominique & Roussel, Veronique & Callois, Jean-Marc, 2005. "Impact of Retirees on Rural Development: Some Observations from the South of France," Journal of Regional Analysis and Policy, Mid-Continent Regional Science Association, vol. 35(2), pages 1-15.
    Full references (including those not matched with items on IDEAS)

    Citations

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    Cited by:

    1. Philip Watson & Steven Deller, 2022. "Tourism and economic resilience," Tourism Economics, , vol. 28(5), pages 1193-1215, August.
    2. Jolley, G. Jason & Khalaf, Christelle & Michaud, Gilbert L. & Belleville, Douglas, 2020. "The economic contribution of logging, forestry, pulp & paper mills, and paper products: A 50-state analysis," Forest Policy and Economics, Elsevier, vol. 115(C).
    3. Darlington Agbonifi & Daniele Cufari & Riccardo Magnani & Francesco Pecci & Federico Perali & Pasquale Lucio Scandizzo, 2023. "The Intra and Multi-Regional Impact of a Local PNRR Project using a Multi-Regional SAM Model of Italy," Working Papers 15, SITES.
    4. Gabe, Todd & McConnon, James C., 2018. "Popping the Question: The In uence of Survey Design on Estimated Visitor Spending in a Region," Journal of Regional Analysis and Policy, Mid-Continent Regional Science Association, vol. 48(4), August.
    5. English, Leah & Popp, Jennie & Miller, Wayne, "undated". "Do Contribution of Agriculture Procedures Differ Across States? A Survey of Methodological Approaches Used by Economists," Staff Papers 330473, University of Arkansas, Department of Agricultural Economics and Agribusiness.
    6. Watson, Philip, and Greg Alward, 2024. "Tapestry: Collaborative Tool for Regional Data and Modeling," The Review of Regional Studies, Southern Regional Science Association, vol. 54(2), pages 109-118.
    7. Nadreau, Timothy P. & Fortenbery, T. Randall, 2020. "Odessa Sub-area Potato Production & Processing Impacts Under an Irrigation-Water Shortage," Western Economics Forum, Western Agricultural Economics Association, vol. 18(2), December.
    8. Watson, Philip & Cooke, Stephen & Kay, David & Alward, Greg & Morales, Alfonso, 2017. "A Method for Evaluating the Economic Contribution of a Local Food System," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 42(2), May.

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