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Traditional methods for local and regional economic analysis

In: Introduction to Regional Economic Development

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Abstract

In this chapter, some simple and easy to use analytical models/techniques are reviewed and discussed along with examples that will assist researchers and local policymakers in understanding, analysing and applying the local and regional development theories. These techniques will also assist in understanding, describing and documenting changes in the local economy in a way that would enable policymakers to make sound and informed decisions. Here, five of these models are discussed and applied to regional development settings. They are shift-share analysis, location quotient, economic base model, input–output model and data envelopment analysis (DEA).

Suggested Citation

  • ., 2015. "Traditional methods for local and regional economic analysis," Chapters, in: Introduction to Regional Economic Development, chapter 7, pages 96-137, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:16749_7
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    Cited by:

    1. Gregory G. Lubiani & Albert A. Okunade & Weiwei Chen, 2018. "Income Elasticity Decomposition Models and Determinants of U.S. Pharmaceutical Expenditures," Atlantic Economic Journal, Springer;International Atlantic Economic Society, vol. 46(4), pages 389-403, December.
    2. Marina Johnson & Rashmi Jain & Peggy Brennan-Tonetta & Ethne Swartz & Deborah Silver & Jessica Paolini & Stanislav Mamonov & Chelsey Hill, 2021. "Impact of Big Data and Artificial Intelligence on Industry: Developing a Workforce Roadmap for a Data Driven Economy," Global Journal of Flexible Systems Management, Springer;Global Institute of Flexible Systems Management, vol. 22(3), pages 197-217, September.
    3. Patrick L. Anderson, 2019. "Business strategy and firm location decisions: testing traditional and modern methods," Business Economics, Palgrave Macmillan;National Association for Business Economics, vol. 54(1), pages 35-60, January.
    4. Jaret Treber & Lawrence Mulcahy & Manjul Bhusal Sharma, 2018. "Empty Seats or Empty Threats? Examining the Effects of the 1994-1995 and 2004-2005 Lockouts on Attendance and Revenue in the National Hockey League," Journal of Sports Economics, , vol. 19(5), pages 677-695, June.
    5. Anne M. Mandich & Jeffrey H. Dorfman, 2017. "The Wage and Job Impacts of Hospitals on Local Labor Markets," Economic Development Quarterly, , vol. 31(2), pages 139-148, May.

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