A multiplier is a way of measuring how important one industry is to other industries in the region. So if an industry has a multiplier of 2.5, for every positive or negative change…
Using the Input-Output Model
An Input-Output model represents the flow of money in an economy, primarily through the connection between industries; to what extent are different industries buying and selling to one another in a particular geographic region.…
Location Quotient- Explained
Location quotient (LQ) is basically a way of quantifying how concentrated a particular industry, cluster, occupation, or demographic group is in a region as compared to the nation. It can reveal what makes a…
Shift Share- Explained
Shift share is a standard regional analysis method that attempts to determine how much of regional job growth can be attributed to national trends and how much is due to unique regional…