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Shift-share Analysis
A shift-share analysis, used in regional science, political economy, and urban studies, determines what portions of regional economic growth or decline can be attributed to national, economic industry, and regional factors. The analysis helps identify industries where a regional economy has competitive advantages over the larger economy. A shift-share analysis takes the change over time of an economic variable, such as employment, within industries of a regional economy, and divides that change into various components. A traditional shift-share analysis splits regional changes into just three components, but other models have evolved that expand the decomposition into additional components. Overview A shift-share analysis attempts to identify the sources of regional economic changes. The region can be a town, city, country, statistical area, state, or any other region of the country. The analysis examines changes in an economic variable, such as migration, a demographic st ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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Regional Science
Regional science is a field of economics concerned with analytical approaches to problems that are related specifically to regional and international issues. Topics in regional science include, but are not limited to location theory or spatial economics, location modeling, transportation, trade and migration flows, economic geography, land use and urban development, inter-industry analysis such as input-output analysis, environmental and ecology, ecological analysis, resource management, urban and regional policy analysis, and spatial data analysis. In the broadest sense, any social science analysis that has a spatial dimension is embraced by regional scientists. Origins Regional science was founded in the late 1940s when some economists began to become dissatisfied with the low level of regional economics, economic analysis and felt an urge to upgrade it. But even in this early era, the founders of regional science expected to catch the interest of people from a wide variety of di ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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Political Economy
Political or comparative economy is a branch of political science and economics studying economic systems (e.g. Marketplace, markets and national economies) and their governance by political systems (e.g. law, institutions, and government). Widely-studied phenomena within the discipline are systems such as labour market, labour and international markets, as well as phenomena such as Economic growth, growth, Distribution of wealth, distribution, Economic inequality, inequality, and International trade, trade, and how these are shaped by institutions, laws, and government policy. Originating in the 18th century, it is the precursor to the modern discipline of economics. Political economy in its modern form is considered an interdisciplinary field, drawing on theory from both political science and Neoclassical economics, modern economics. Political economy originated within 16th century western moral philosophy, with theoretical works exploring the administration of states' wealth ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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Urban Studies
Urban studies is based on the study of the urban development of cities and regions—it makes up the theory portion of the field of urban planning. This includes studying the history of city development from an architectural point of view, to the impact of urban design on community development efforts. Urban studies is a major field of study used by practitioners of urban planning, it helps with the understanding of human values, development, and the interactions they have with their physical environment. History The study of cities has changed dramatically from the 1800s over time, with new frames of analysis being applied to the development of urban areas. The first college programs were created to observe how cities were developed based on anthropological research of ghetto communities. In the mid-1900s, urban study programs expanded beyond just looking at the current and historical impacts of city design and began studying how those designs impacted the future interaction ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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Industry (economics)
In microeconomics, an industry is a branch of an economy that Production (economics) , produces a closely related set of raw materials, Good (economics) , goods, or Service (economics) , services. For example, one might refer to the wood industry or to the insurance industry. When evaluating a single group or company, its dominant source of revenue is typically used by industry classifications to classify it within a specific industry. For example the International Standard Industrial Classification (ISIC) – used directly or through derived classifications for the official statistics of most countries worldwide – classifies "statistical units" by the "economic activity in which they mainly engage". Industry is then defined as "set of statistical units that are classified into the same ISIC category". However, a single business need not belong just to one industry, such as when a large business (often referred to as a conglomerate (company), conglomerate) Diversification (ma ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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Regional
In geography, regions, otherwise referred to as areas, zones, lands or territories, are portions of the Earth's surface that are broadly divided by physical characteristics (physical geography), human impact characteristics (human geography), and the interaction of humanity and the environment (environmental geography). Geographic regions and sub-regions are mostly described by their imprecisely defined, and sometimes transitory boundaries, except in human geography, where Jurisdiction (area), jurisdiction areas such as national borders are defined in law. More confined or well bounded portions are called ''locations'' or ''places''. Apart from the Earth, global continental regions, there are also hydrosphere, hydrospheric and atmosphere, atmospheric regions that cover the oceans, and discrete climates above the land mass, land and water mass, water masses of the planet. The land and water global regions are divided into subregions geographically bounded by large geological feature ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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Competitive Advantage
In business, a competitive advantage is an attribute that allows an organization to outperform its competitors. A competitive advantage may include access to natural resources, such as high-grade ores or a low-cost power source, highly skilled labor, geographic location, high entry barriers, and access to new technology and to proprietary information. Overview The term ''competitive advantage'' refers to the ability gained through attributes and resources to perform at a higher level than others in the same industry or market (Christensen and Fahey 1984, Kay 1994, Porter 1980 cited by Chacarbaghi and Lynch 1999, p. 45). The study of this advantage has attracted profound research interest due to contemporary issues regarding superior performance levels of firms in today's competitive market. "A firm is said to have a competitive advantage when it is implementing a value creating strategy not simultaneously being implemented by any current or potential player" (Barney 1991 cited ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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Employment
Employment is a relationship between two party (law), parties Regulation, regulating the provision of paid Labour (human activity), labour services. Usually based on a employment contract, contract, one party, the employer, which might be a corporation, a not-for-profit organization, a co-operative, or any other entity, pays the other, the employee, in return for carrying out assigned work. Employees work in return for wage, wages, which can be paid on the basis of an hourly rate, by piecework or an annual salary, depending on the type of work an employee does, the prevailing conditions of the sector and the bargaining power between the parties. Employees in some sectors may receive gratuity, gratuities, bonus payments or employee stock option, stock options. In some types of employment, employees may receive benefits in addition to payment. Benefits may include health insurance, housing, and disability insurance. Employment is typically governed by Labour law, employment laws, o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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Statistical Area
The United States federal government defines and delineates the nation's metropolitan areas for statistical purposes, using a set of standard statistical area definitions. the U.S. Office of Management and Budget (OMB) defined and delineated 393 metropolitan statistical areas (MSAs) and 542 micropolitan statistical areas (μSAs) in the United States and Puerto Rico. Many of these 935 MSAs and μSAs are, in turn, components of larger combined statistical areas (CSAs) consisting of adjacent MSAs and μSAs that are linked by commuting ties; 582 metropolitan and micropolitan areas are components of the 184 defined CSAs. Metropolitan and micropolitan statistical areas are defined as consisting of one or more adjacent counties or county equivalents with at least one urban core area meeting relevant population thresholds, plus adjacent territory that has a high degree of social and economic integration with the core, as measured by commuting ties. A metropolitan statistical area ha ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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Demographics
Demography () is the statistical study of human populations: their size, composition (e.g., ethnic group, age), and how they change through the interplay of fertility (births), mortality (deaths), and migration. Demographic analysis examines and measures the dimensions and dynamics of populations; it can cover whole societies or groups defined by criteria such as education, nationality, religion, and ethnicity. Educational institutions usually treat demography as a field of sociology, though there are a number of independent demography departments. These methods have primarily been developed to study human populations, but are extended to a variety of areas where researchers want to know how populations of social actors can change across time through processes of birth, death, and migration. In the context of human biological populations, demographic analysis uses administrative records to develop an independent estimate of the population. Demographic analysis est ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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North American Industry Classification System
The North American Industry Classification System or NAICS () is a industry classification, classification of business establishments by type of economic activity (the process of production). It is used by governments and business in Canada, Mexico, and the United States dollar, United States of America. It has largely replaced the older Standard Industrial Classification (SIC) system, except in some government agencies, such as the U.S. Securities and Exchange Commission (SEC). An establishment is typically a single physical location, though administratively distinct operations at a single location may be treated as separate establishments. Each establishment is classified as an industry according to the primary business activity taking place there. NAICS does not offer guidance on organizing enterprises (companies) composed of multiple establishments. Codes The NAICS numbering system employs a five or six-digit code at the most detailed industry level. The first five digits ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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Time-series
In mathematics, a time series is a series of data points indexed (or listed or graphed) in time order. Most commonly, a time series is a sequence taken at successive equally spaced points in time. Thus it is a sequence of discrete-time data. Examples of time series are heights of ocean tides, counts of sunspots, and the daily closing value of the Dow Jones Industrial Average. A time series is very frequently plotted via a run chart (which is a temporal line chart). Time series are used in statistics, signal processing, pattern recognition, econometrics, mathematical finance, weather forecasting, earthquake prediction, electroencephalography, control engineering, astronomy, communications engineering, and largely in any domain of applied science and engineering which involves temporal measurements. Time series ''analysis'' comprises methods for analyzing time series data in order to extract meaningful statistics and other characteristics of the data. Time series ''forecastin ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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Homothetic Preferences
In consumer theory, a consumer's preferences are called homothetic if they can be represented by a utility function which is homogeneous of degree 1. For example, in an economy with two goods x,y, homothetic preferences can be represented by a utility function u that has the following property: for every a>0: ::u(a\cdot x,a\cdot y) = a\cdot u(x,y) In mathematics, a homothetic function is a monotonic transformation of a function which is homogeneous; however, since ordinal utility functions are only defined up to an increasing monotonic transformation, there is a small distinction between the two concepts in consumer theory. In a model where competitive consumers optimize homothetic utility functions subject to a budget constraint, the ratios of goods demanded by consumers will depend only on relative prices, not on income or scale. This translates to a linear expansion path in income: the slope of indifference curves is constant along rays beginning at the origin. This is t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |