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Understanding Your Regional Economy — The Economic Base Theory

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Abstract

Imagine that a car manufacturer is planning to build a car distribution center in the greater Cincinnati metropolitan region. Strategically, this would be a good choice for the car manufacturer, given that Interstate Highway 75 (1-75) is the main artery of the national car industry and Ohio lies in the midst of it. Economically, this would be great for the region, in that it would provide jobs and income for its workforce and new activities for regional businesses to supply the car manufacturer with goods and services.

Keywords

Standard Industrial Classification Location Quotient North American Industry Classification System Basic Employment Employment Multiplier 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.
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© Tsinghua University Press, Beijing and Springer-Verlag GmbH Berlin Heidelberg 2007

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