IDEAS home Printed from https://ideas.repec.org/p/ags/nddaae/55112.html
   My bibliography  Save this paper

Estimating North Dakota's Economic Base

Author

Listed:
  • Coon, Randal C.
  • Leistritz, F. Larry

Abstract

North Dakota’s economic base is comprised of those activities producing a product paid for by nonresidents, or products exported from the state. North Dakota’s economic base activities include agriculture, mining, manufacturing, tourism, and federal government payments for construction and to individuals. Development of the North Dakota economic base data is important because it provides the information to quantify the state’s economic growth, and it creates the final demand sectors for the North Dakota Input-Output Model. This report provides a brief description of the methodology used to estimate each individual sector and the associated data sources. Sales for final demand have been estimated for the 1958-2007 period. Personal income generated by the North Dakota Input-Output Model can be compared to Bureau of Economic Analysis values to validate the model. For the 50-year period the state’s economic base has been estimated, the absolute average difference from Bureau of Economic Analysis personal income was 7.19 percent.

Suggested Citation

  • Coon, Randal C. & Leistritz, F. Larry, 2009. "Estimating North Dakota's Economic Base," Agribusiness & Applied Economics Report 55112, North Dakota State University, Department of Agribusiness and Applied Economics.
    • Handle: RePEc:ags:nddaae:55112
    DOI: 10.22004/ag.econ.55112
    as

    Download full text from publisher

    File URL: https://ageconsearch.umn.edu/record/55112/files/AAE643.pdf
    Download Restriction: no
    File URL: https://libkey.io/10.22004/ag.econ.55112?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    More about this item

    Keywords

    Community/Rural/Urban Development; Consumer/Household Economics; Financial Economics; Land Economics/Use;
    All these keywords.

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ags:nddaae:55112. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: AgEcon Search (email available below). General contact details of provider: https://edirc.repec.org/data/dandsus.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.