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Trade Analysis Of Retail And Service Industries In North Dakota For Planning Local Economic Development

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  • Bhuyan, Sanjib

Abstract

Trade analysis of retail and service sectors allows economic development practioners to evaluate the performance of these sectors in their respective communities. Estimation of market potential identifies specific business categories (e.g., computer stores) that have potential for further growth. Trade analysis of retail and service sectors in North Dakota shows that except in a few urban counties, such as Cass, Grand Forks, or Burleigh, these sectors were inefficient in retaining and attracting customer dollars. Market potential estimation of over 130 specific business categories showed that a considerable number of business categories have potential for further growth, e.g., computer and software stores, used merchandise stores, and heavy construction equipment rental and leasing services.

Suggested Citation

  • Bhuyan, Sanjib, 1996. "Trade Analysis Of Retail And Service Industries In North Dakota For Planning Local Economic Development," Agricultural Economics Reports 23332, North Dakota State University, Department of Agribusiness and Applied Economics.
    • Handle: RePEc:ags:nddaer:23332
    DOI: 10.22004/ag.econ.23332
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    File URL: https://ageconsearch.umn.edu/record/23332/files/aer363.pdf
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    References listed on IDEAS

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    1. Bangsund, Dean A. & Leistritz, F. Larry & Wanzek, Janet K. & Zetocha, Dale F. & Bastow-Shoop, Holly E., 1991. "North Dakota Trade Areas: An Overview," Agricultural Economics Reports 23441, North Dakota State University, Department of Agribusiness and Applied Economics.
    2. Bhuyan, Sanjib, 1996. "Potential Applications For Shared-Services Cooperatives In North Dakota," Agricultural Economics Miscellaneous Reports 23101, North Dakota State University, Department of Agribusiness and Applied Economics.
    3. Bangsund, Dean A. & Leistritz, F. Larry & Bastow-Shoop, Holly E. & Anderson, Ronald, 1995. "Community Trade Analysis Handbook: A Guide to Using and Interpreting Information Available to Rural Business and Communities," AE Series 231491, North Dakota State University, Department of Agribusiness and Applied Economics.
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    1. Bhuyan, Sanjib & Olson, Frayne E., 1998. "Potential Role Of Non-Agricultural Cooperatives In Rural Development: A Report On Focus Group Studies Conducted In Rural North Dakota," Agricultural Economics Reports 23298, North Dakota State University, Department of Agribusiness and Applied Economics.

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    Keywords

    Community/Rural/Urban Development;

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