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Traditional Tools for Measuring and Evaluating Regional Economic Performance I: Economic Base and Shift-Share Analysis

In: Regional Economic Development

Author

Listed:
  • Robert J. Stimson

    (The University of Queensland)

  • Roger R. Stough

    (George Mason University)

  • Brian H. Roberts

    (University of Canberra)

Abstract

Regional economic development policy is basically about the allocation or reallocation of resources to enhance the economic performance of industries. We need to be able to measure and evaluate that performance. Thus it is necessary to: (a) measure the degree to which economic activity and employment in a region is related to serving local demand as against serving demand external to the region (i.e. exports) (b) assess a region’s overall performance relative to that of other region’s (c) assess which industry sectors are performing better in the region (d) assess a given sector’s efficiency relative to other industry sectors’ performance in the region.

Suggested Citation

  • Robert J. Stimson & Roger R. Stough & Brian H. Roberts, 2002. "Traditional Tools for Measuring and Evaluating Regional Economic Performance I: Economic Base and Shift-Share Analysis," Advances in Spatial Science, in: Regional Economic Development, chapter 3, pages 75-117, Springer.
    • Handle: RePEc:spr:adspcp:978-3-662-04911-2_3
    DOI: 10.1007/978-3-662-04911-2_3
    as

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