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Picking a Winner? Evidence from the Non-Manufacturing High-Tech Industry in the Blacksburg MSA

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  • Bieri, David

Abstract

Regional scientists have developed numerous concepts and measures of economic diversity and diversification, primarily motivated by the desire to establish a relationship between diversity and economic performance. Rather than striving for a unified theory with a singular measure, this paper argues that economic developers should employ a multi-dimensional framework that combines the comparative advantages of a range of theoretical approaches. The application of locational, agglomerational and risk-reward measures to the non-manufacturing high-tech industry for the Blacksburg MSA in southwestern Virginia reveals specific policy implications and offers lessons for economic policy design.

Suggested Citation

  • Bieri, David, 2006. "Picking a Winner? Evidence from the Non-Manufacturing High-Tech Industry in the Blacksburg MSA," MPRA Paper 1079, University Library of Munich, Germany, revised 06 Dec 2006.
    • Handle: RePEc:pra:mprapa:1079
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    References listed on IDEAS

    as
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    More about this item

    Keywords

    Economic Development; Industry Concentration; Dispersion; Quantitative Measures;
    All these keywords.

    JEL classification:

    • O14 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Industrialization; Manufacturing and Service Industries; Choice of Technology

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