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Regional Industry Cluster Analysis for the Potomac Highlands in West Virginia

Author

Listed:
  • Jing Chen

    (Regional Research Institute and Department of Geology and Geography, West Virginia University)

  • Randall Jackson

    (Geology and Geography Department and Regional Research Institute, West Virginia University)

Abstract

This part of the project identifies existing industrial clusters for the Potomac Highlands region in West Virginia and seeks potential industries or clusters for economic development. We also evaluate strengths and gaps of existing industry clusters. Our cluster analysis comprises three parts, including (1) location quotient (LQ) analysis, (2) shift-share analysis, and (3) input-output (I-O) analysis. Results of both location quotient and shift-share analyses are used for industry targeting, whereas input-output analysis measures existing cluster strengths and bottlenecks for potential cluster diversification strategies based on Jackson’s(2015) cluster and diversification strategy (CADS).

Suggested Citation

  • Jing Chen & Randall Jackson, 2018. "Regional Industry Cluster Analysis for the Potomac Highlands in West Virginia," Working Papers Resource Document 2018-03, Regional Research Institute, West Virginia University.
    • Handle: RePEc:rri:wpaper:2018rd03
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    File URL: https://researchrepository.wvu.edu/rri_res_docs/15/
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    References listed on IDEAS

    as
    1. Randall Jackson, 2015. "Are Industry Clusters and Diversity Strange Bedfellows?," The Review of Regional Studies, Southern Regional Science Association, vol. 45(2), pages 113-129, Fall.
    2. Wagner, Alfred, 1891. "Marshall's Principles of Economics," History of Economic Thought Articles, McMaster University Archive for the History of Economic Thought, vol. 5, pages 319-338.
    3. Barkley, David L. & Henry, Mark S., 2005. "Targeting Industry Clusters for Regional Economic Development: An Overview of the REDRL Approach," REDRL Research Reports 113803, Clemson University, Regional Economic Development Research Laboratory (REDRL).
    4. Randall Jackson, 2015. "Fellows Address: Are Industry Clusters and Diversity Strange Bedfellows?," Working Papers Working Paper 2015-04, Regional Research Institute, West Virginia University.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Industry Clusters; Shift-Share; Input-Output Analysis;
    All these keywords.

    JEL classification:

    • R15 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Econometric and Input-Output Models; Other Methods
    • L52 - Industrial Organization - - Regulation and Industrial Policy - - - Industrial Policy; Sectoral Planning Methods
    • O10 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - General

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