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Shift-share analysis decomposes regional economic growth into three components: national growth, industrial mix, and regional competitiveness. It divides growth between the national growth rate, differences due to the region's initial industry composition, and factors like infrastructure that attract industries. While the data is generally available, identifying the appropriate industry level and determining the causes of competitive differences can be challenging, as local industries may differ and past performance does not guarantee future growth.
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Shift and share slides
This document provides an overview of shift-share analysis, which is used to decompose regional economic growth. Shift-share analysis divides growth into three components: the national growth component based on growth at the national rate, the mix component based on differences in initial industry employment mix, and the competitive component based on factors influencing growth in the local environment. The document notes that while data is generally available, accurately applying shift-share analysis can be challenging due to differences between local and national industries and difficulty identifying the specific drivers of the competitive component.
Does the us still make anything unemployment
This document discusses unemployment statistics such as the labor force, unemployment rate, and natural rate of unemployment. It defines key terms like cyclical unemployment and structural unemployment. It also notes disparities in unemployment rates between demographics and provides unemployment rates and labor force participation rates for groups like whites, blacks, those with different education levels, and by sex. Graphics show unemployment rates and labor force participation rates over time and by county. The document discusses factors like trade and duration of unemployment.
Does the us still make anything gdp to dist
GDP measures the market value of all final goods and services produced within a country in a given period. It includes consumption (C), investment (I), government spending (G), and net exports (NX). While GDP indicates total output, real GDP corrects for inflation to measure changes in the quantity of output produced. Per capita GDP further adjusts for population size to serve as a measure of a country's standard of living.
China overview
China has a large population concentrated in the eastern half of the country due to lack of water and arable land in the west. It has transitioned from a command economy to a more market-based mixed economy through reforms, but still retains significant state control over large companies. The Great Leap Forward policy in the 1950s led to massive famine and over 25 million deaths before being abandoned. China has emphasized international trade and special economic zones to encourage growth, and joined the WTO to further integrate its economy globally.
Should we help_dying_areas
This document discusses regional economics and rural economic decline. It begins with an outline and definitions of key topics such as rural communities and metropolitan vs non-metropolitan areas. It then discusses the significant economic decline seen in many rural communities across the country in recent decades, as shown by data on uneven growth and recovery across places. The document poses the question of what, if anything, states and localities should do to intervene when communities are struggling economically.
LQs
This document discusses using location quotients to analyze regional employment data. It explains that a location quotient compares an industry's local employment share to its national employment share, with values over 1 indicating the industry has a greater presence locally than nationally. The document provides location quotients for various industries in the Wilmington region for 2010 and 2018, noting cautions around determining if quotients differ meaningfully from 1 and the limitations of aggregated industry data.
Cities for dist slides
Cities exist to facilitate trade, production, and exchange. Three key conditions are needed for cities to develop: 1) agricultural surplus to support non-farm populations, 2) urban production of goods to trade for food, and 3) transportation networks to enable exchange. As agricultural productivity increases, more surplus can support larger cities where production benefits from agglomeration economies like shared inputs, labor pools, knowledge spillovers, and matching. Larger cities offer higher wages potentially due to sorting of more skilled workers and productivity gains from matching and knowledge spillovers between firms and industries.
Defining a region for dist
There are three main types of regions: homogeneous regions which have internal similarity in culture or economics; administrative regions which are formed for management purposes and define service areas; and functional regions which are integrated economic areas not defined by official boundaries. Core Based Statistical Areas are one way regions are officially defined and measured based on population thresholds around urban cores for statistical analysis.
Recommended
Shift and share slides
This document provides an overview of shift-share analysis, which is used to decompose regional economic growth. Shift-share analysis divides growth into three components: the national growth component based on growth at the national rate, the mix component based on differences in initial industry employment mix, and the competitive component based on factors influencing growth in the local environment. The document notes that while data is generally available, accurately applying shift-share analysis can be challenging due to differences between local and national industries and difficulty identifying the specific drivers of the competitive component.
Does the us still make anything unemployment
This document discusses unemployment statistics such as the labor force, unemployment rate, and natural rate of unemployment. It defines key terms like cyclical unemployment and structural unemployment. It also notes disparities in unemployment rates between demographics and provides unemployment rates and labor force participation rates for groups like whites, blacks, those with different education levels, and by sex. Graphics show unemployment rates and labor force participation rates over time and by county. The document discusses factors like trade and duration of unemployment.
Does the us still make anything gdp to dist
GDP measures the market value of all final goods and services produced within a country in a given period. It includes consumption (C), investment (I), government spending (G), and net exports (NX). While GDP indicates total output, real GDP corrects for inflation to measure changes in the quantity of output produced. Per capita GDP further adjusts for population size to serve as a measure of a country's standard of living.
China overview
China has a large population concentrated in the eastern half of the country due to lack of water and arable land in the west. It has transitioned from a command economy to a more market-based mixed economy through reforms, but still retains significant state control over large companies. The Great Leap Forward policy in the 1950s led to massive famine and over 25 million deaths before being abandoned. China has emphasized international trade and special economic zones to encourage growth, and joined the WTO to further integrate its economy globally.
Should we help_dying_areas
This document discusses regional economics and rural economic decline. It begins with an outline and definitions of key topics such as rural communities and metropolitan vs non-metropolitan areas. It then discusses the significant economic decline seen in many rural communities across the country in recent decades, as shown by data on uneven growth and recovery across places. The document poses the question of what, if anything, states and localities should do to intervene when communities are struggling economically.
LQs
This document discusses using location quotients to analyze regional employment data. It explains that a location quotient compares an industry's local employment share to its national employment share, with values over 1 indicating the industry has a greater presence locally than nationally. The document provides location quotients for various industries in the Wilmington region for 2010 and 2018, noting cautions around determining if quotients differ meaningfully from 1 and the limitations of aggregated industry data.
Cities for dist slides
Cities exist to facilitate trade, production, and exchange. Three key conditions are needed for cities to develop: 1) agricultural surplus to support non-farm populations, 2) urban production of goods to trade for food, and 3) transportation networks to enable exchange. As agricultural productivity increases, more surplus can support larger cities where production benefits from agglomeration economies like shared inputs, labor pools, knowledge spillovers, and matching. Larger cities offer higher wages potentially due to sorting of more skilled workers and productivity gains from matching and knowledge spillovers between firms and industries.
Defining a region for dist
There are three main types of regions: homogeneous regions which have internal similarity in culture or economics; administrative regions which are formed for management purposes and define service areas; and functional regions which are integrated economic areas not defined by official boundaries. Core Based Statistical Areas are one way regions are officially defined and measured based on population thresholds around urban cores for statistical analysis.
Macroeconomic effects of war
The document discusses the macroeconomic effects of war. It explores whether war is good for the economy by analyzing the impacts of war on economic growth, government spending, consumption, investment, debt, taxation, and inflation. While war temporarily increases GDP growth and reduces unemployment through higher government spending, it shifts resources away from private consumption and investment. War also results in higher debt, taxation, inflation, as well as deaths and destruction of capital. The document concludes that while war provides some economic benefits in the short-run, it imposes greater costs and is not beneficial for long-term economic welfare.
Saving the environment
This document discusses how to encourage environmentally friendly behavior. It begins by outlining principles of decision making: people face tradeoffs; the cost of something is what you give up; rational people think at the margin and ignore sunk costs; and people respond to incentives. It then discusses how to apply these principles to environmental issues by framing tradeoffs, changing incentives through taxes or subsidies, and using nudges like information to influence choices. The key takeaway is that addressing scarcity, incentives, and rational decision making can help shift norms and protect the environment.
Why capitalism continues to win out
This document discusses how capitalism and free trade continue to dominate the global economic system. It explains that voluntary exchange through markets is usually the most efficient way to organize economic activity because it allows for decentralized decision making based on prices. However, governments can sometimes improve market outcomes by addressing issues like market failures from externalities or lack of competition. While markets may not distribute resources in the most equal way, tax and welfare policies can be used to alter the distribution, though this risks reducing efficiency. Overall, allowing individual creativity and incentives guided by market prices, i.e. free enterprise, has proven most efficient so far, but continued tweaking may be needed to also promote fairness.
Recession depression and despair
This document contains a summary of key concepts from macroeconomics including:
- Business cycles and recessions can lead to increased drug use, unemployment, and mortality as people lose hope.
- Classical economic theory assumed markets would eventually clear on their own, but Keynes argued governments should use fiscal and monetary policy to stabilize economies in the short-run.
- The AD/AS model shows how aggregate demand and supply interact to determine output and inflation in both the short-run and long-run. Factors like consumer spending, investment, government spending, and exchange rates influence aggregate demand.
Is govt investment productive
The document discusses government deficits and debt. It notes that government spending (G) reduces other categories like consumption and investment. It then discusses the size of the current US debt held by the public ($16 trillion) and total debt including social security ($20 trillion). A ratio of debt to GDP is used to measure indebtedness over time, which has historically risen during wars and fallen during peacetime, until recently. The document then discusses different ways to pay for government spending like taxes, borrowing, and money printing, noting each option has drawbacks.
Is govt investment productive for stud exam
The document discusses government debt and deficits. It notes that government spending reduces other categories like consumption. It provides data showing US debt held by the public is around $16 trillion and total debt is $20 trillion. Historically, the debt to GDP ratio rises during wars and falls during peacetime. Large and persistent deficits can lead to continually rising government debt. Government budget deficits decrease investment by "crowding out" private investment, which can reduce long term economic growth.
Is production the key? short
While production growth and industrialization have lifted living standards globally, unrestrained growth poses environmental risks. Some key points:
- Industrialization and economic growth are relatively new phenomena historically. Most countries grew quickly after industrializing.
- Higher production and GDP per capita are generally associated with lower poverty, but environmental impacts must be addressed.
- Productivity gains, through more/better capital, skills, technology and resource use, are important for growth and living standards. But policies are needed to encourage sustainable practices.
- There are no simple answers, as both economic development and environmental protection are important objectives. Balanced and innovative solutions are needed.
Drugs of despair
This document provides an overview of aggregate demand and aggregate supply models. It discusses how recessions can lead to increased drug use and "despair" as unemployment rises and unemployment insurance expires. It then covers classical economic theory, the AD/AS framework, and the factors that can shift the aggregate demand and aggregate supply curves in both the short-run and long-run. The document also examines how monetary and fiscal policy tools can be used to stabilize the economy during fluctuations.
Drugs of despair intro slides
This document discusses how economic recessions can lead to increased drug use and related health issues. It notes that during recessions, unemployment rises and more people experience despair. When unemployment insurance expires, some turn to disability benefits or medications. When prescription opioid access is restricted, people may substitute other drugs. The document also briefly previews aggregate demand/aggregate supply economic models and concepts like how price level changes can impact consumption, investment, and net exports through wealth, interest rate, and exchange rate effects.
Local taxes and finance
The document summarizes sources of revenue for different levels of government and taxes in the US and North Carolina. It notes that the federal government receives 48% of revenue from individual income taxes, 9% from corporate income tax, and 35% from payroll taxes. States rely heavily on sales and income taxes, while local governments rely most on property taxes, sales taxes, and intergovernmental transfers from states. It then focuses on sales and property taxes in more detail.
Regional economic development
This document discusses economic development and increasing regional income through the export base theory of growth. It explains that a region must increase exports to outside areas to increase monetary inflow and generate additional income through the multiplier process. Activities that bring money into the region from outside, called "basic" or "traded" sectors, include recruiting traded firms, tourism, and attracting talented entrepreneurs. While population growth can help, simply increasing the number of residents is not sufficient for economic development without also increasing the traded sectors of the economy. The document also notes some criticisms of and limitations to the export base theory.
Supply and Demand practice baseball gloves
1. The document provides scenarios involving changes in the market for baseball gloves and instructions to analyze how each change would affect the price and quantity of gloves.
2. Readers are asked to draw supply and demand diagrams and label the original and new curves for each scenario.
3. Scenarios involve changes such as more kids joining little league, increases in the price of leather, and new competitors entering the market.
Immigration Inequality Supply and Demand
This document provides an overview of supply and demand analysis. It begins with objectives and then reviews the key concepts of supply and demand including:
1) The laws of supply and demand - how price and non-price factors affect quantity supplied and demanded along and by shifting the curves.
2) Non-price determinants of supply and demand including income, prices of related goods, technology, and expectations.
3) Equilibrium and how equilibrium price and quantity can change with shifts in supply or demand.
4) Examples are provided of price controls creating surpluses or shortages and how markets adjust through non-price rationing when prices are not flexible.
Location Quotients
This document discusses location quotients and how to identify important industries in a local economy. It provides location quotient calculations to compare local employment in an industry to national averages. Industries with a location quotient greater than 1 have more local employment than average, while less than 1 is below average. Some limitations are that location quotients can be imprecise at a local level and do not consider firm size or level of aggregation within industries.
Thoughts for quiz 2
This document discusses key economic indicators used to measure output and inflation including nominal GDP, real GDP, the consumer price index, headline inflation, core inflation, and interest rates. It asks questions about how to calculate and use these indicators and addresses their weaknesses. The document directs the reader to practice problems in modules on GDP and the CPI.
ISO/IEC 27001, ISO/IEC 42001, and GDPR: Best Practices for Implementation and...
Denis is a dynamic and results-driven Chief Information Officer (CIO) with a distinguished career spanning information systems analysis and technical project management. With a proven track record of spearheading the design and delivery of cutting-edge Information Management solutions, he has consistently elevated business operations, streamlined reporting functions, and maximized process efficiency.
Certified as an ISO/IEC 27001: Information Security Management Systems (ISMS) Lead Implementer, Data Protection Officer, and Cyber Risks Analyst, Denis brings a heightened focus on data security, privacy, and cyber resilience to every endeavor.
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Date: May 29, 2024
Tags: Information Security, ISO/IEC 27001, ISO/IEC 42001, Artificial Intelligence, GDPR
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The document discusses the macroeconomic effects of war. It explores whether war is good for the economy by analyzing the impacts of war on economic growth, government spending, consumption, investment, debt, taxation, and inflation. While war temporarily increases GDP growth and reduces unemployment through higher government spending, it shifts resources away from private consumption and investment. War also results in higher debt, taxation, inflation, as well as deaths and destruction of capital. The document concludes that while war provides some economic benefits in the short-run, it imposes greater costs and is not beneficial for long-term economic welfare.
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This document discusses how to encourage environmentally friendly behavior. It begins by outlining principles of decision making: people face tradeoffs; the cost of something is what you give up; rational people think at the margin and ignore sunk costs; and people respond to incentives. It then discusses how to apply these principles to environmental issues by framing tradeoffs, changing incentives through taxes or subsidies, and using nudges like information to influence choices. The key takeaway is that addressing scarcity, incentives, and rational decision making can help shift norms and protect the environment.
Why capitalism continues to win out
This document discusses how capitalism and free trade continue to dominate the global economic system. It explains that voluntary exchange through markets is usually the most efficient way to organize economic activity because it allows for decentralized decision making based on prices. However, governments can sometimes improve market outcomes by addressing issues like market failures from externalities or lack of competition. While markets may not distribute resources in the most equal way, tax and welfare policies can be used to alter the distribution, though this risks reducing efficiency. Overall, allowing individual creativity and incentives guided by market prices, i.e. free enterprise, has proven most efficient so far, but continued tweaking may be needed to also promote fairness.
Recession depression and despair
This document contains a summary of key concepts from macroeconomics including:
- Business cycles and recessions can lead to increased drug use, unemployment, and mortality as people lose hope.
- Classical economic theory assumed markets would eventually clear on their own, but Keynes argued governments should use fiscal and monetary policy to stabilize economies in the short-run.
- The AD/AS model shows how aggregate demand and supply interact to determine output and inflation in both the short-run and long-run. Factors like consumer spending, investment, government spending, and exchange rates influence aggregate demand.
Is govt investment productive
The document discusses government deficits and debt. It notes that government spending (G) reduces other categories like consumption and investment. It then discusses the size of the current US debt held by the public ($16 trillion) and total debt including social security ($20 trillion). A ratio of debt to GDP is used to measure indebtedness over time, which has historically risen during wars and fallen during peacetime, until recently. The document then discusses different ways to pay for government spending like taxes, borrowing, and money printing, noting each option has drawbacks.
Is govt investment productive for stud exam
The document discusses government debt and deficits. It notes that government spending reduces other categories like consumption. It provides data showing US debt held by the public is around $16 trillion and total debt is $20 trillion. Historically, the debt to GDP ratio rises during wars and falls during peacetime. Large and persistent deficits can lead to continually rising government debt. Government budget deficits decrease investment by "crowding out" private investment, which can reduce long term economic growth.
Is production the key? short
While production growth and industrialization have lifted living standards globally, unrestrained growth poses environmental risks. Some key points:
- Industrialization and economic growth are relatively new phenomena historically. Most countries grew quickly after industrializing.
- Higher production and GDP per capita are generally associated with lower poverty, but environmental impacts must be addressed.
- Productivity gains, through more/better capital, skills, technology and resource use, are important for growth and living standards. But policies are needed to encourage sustainable practices.
- There are no simple answers, as both economic development and environmental protection are important objectives. Balanced and innovative solutions are needed.
Drugs of despair
This document provides an overview of aggregate demand and aggregate supply models. It discusses how recessions can lead to increased drug use and "despair" as unemployment rises and unemployment insurance expires. It then covers classical economic theory, the AD/AS framework, and the factors that can shift the aggregate demand and aggregate supply curves in both the short-run and long-run. The document also examines how monetary and fiscal policy tools can be used to stabilize the economy during fluctuations.
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This document discusses how economic recessions can lead to increased drug use and related health issues. It notes that during recessions, unemployment rises and more people experience despair. When unemployment insurance expires, some turn to disability benefits or medications. When prescription opioid access is restricted, people may substitute other drugs. The document also briefly previews aggregate demand/aggregate supply economic models and concepts like how price level changes can impact consumption, investment, and net exports through wealth, interest rate, and exchange rate effects.
Local taxes and finance
The document summarizes sources of revenue for different levels of government and taxes in the US and North Carolina. It notes that the federal government receives 48% of revenue from individual income taxes, 9% from corporate income tax, and 35% from payroll taxes. States rely heavily on sales and income taxes, while local governments rely most on property taxes, sales taxes, and intergovernmental transfers from states. It then focuses on sales and property taxes in more detail.
Regional economic development
This document discusses economic development and increasing regional income through the export base theory of growth. It explains that a region must increase exports to outside areas to increase monetary inflow and generate additional income through the multiplier process. Activities that bring money into the region from outside, called "basic" or "traded" sectors, include recruiting traded firms, tourism, and attracting talented entrepreneurs. While population growth can help, simply increasing the number of residents is not sufficient for economic development without also increasing the traded sectors of the economy. The document also notes some criticisms of and limitations to the export base theory.
Supply and Demand practice baseball gloves
1. The document provides scenarios involving changes in the market for baseball gloves and instructions to analyze how each change would affect the price and quantity of gloves.
2. Readers are asked to draw supply and demand diagrams and label the original and new curves for each scenario.
3. Scenarios involve changes such as more kids joining little league, increases in the price of leather, and new competitors entering the market.
Immigration Inequality Supply and Demand
This document provides an overview of supply and demand analysis. It begins with objectives and then reviews the key concepts of supply and demand including:
1) The laws of supply and demand - how price and non-price factors affect quantity supplied and demanded along and by shifting the curves.
2) Non-price determinants of supply and demand including income, prices of related goods, technology, and expectations.
3) Equilibrium and how equilibrium price and quantity can change with shifts in supply or demand.
4) Examples are provided of price controls creating surpluses or shortages and how markets adjust through non-price rationing when prices are not flexible.
Location Quotients
This document discusses location quotients and how to identify important industries in a local economy. It provides location quotient calculations to compare local employment in an industry to national averages. Industries with a location quotient greater than 1 have more local employment than average, while less than 1 is below average. Some limitations are that location quotients can be imprecise at a local level and do not consider firm size or level of aggregation within industries.
Thoughts for quiz 2
This document discusses key economic indicators used to measure output and inflation including nominal GDP, real GDP, the consumer price index, headline inflation, core inflation, and interest rates. It asks questions about how to calculate and use these indicators and addresses their weaknesses. The document directs the reader to practice problems in modules on GDP and the CPI.
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Website: https://pecb.com/
LinkedIn: https://www.linkedin.com/company/pecb/
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Syllabus
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Chapter 2
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Chapter 3
Surveying: Object Principles & Types of Surveying; Site Plans, Plans & Maps; Scales & Unit of different Measurements.
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Chapter 4
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Chapter 5
Transportation: Introduction to Transportation Engineering; Traffic and Road Safety: Types and Characteristics of Various Modes of Transportation; Various Road Traffic Signs, Causes of Accidents and Road Safety Measures.
Chapter 6
Environmental Engineering: Environmental Pollution, Environmental Acts and Regulations, Functional Concepts of Ecology, Basics of Species, Biodiversity, Ecosystem, Hydrological Cycle; Chemical Cycles: Carbon, Nitrogen & Phosphorus; Energy Flow in Ecosystems.
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Shift and share slides for dist
- 1. How to Analyze Changes in Local Industries Shift-Share Analysis
- 2. Shift Share Analysis • Thinking about local growth – US growing we should grow… – Wilmington: • Strong in L&H • Weak in manufacturing • Wont grow the same as US… – But people moving to town… • Decompose growth to identify patterns • Roughly: – Local = National + Industry diff. + Diff. Regional Rate
- 3. Shift-and-Share Analysis • Shift and Share Analysis – Divides growth into three components • National growth component – growth at national rate – If region grows at national rate, maintains its “share” • Mix component – growth difference owing to differences in initial employment mix • Competitive component – differences due to local environment, i.e. permitting, infrastructure, etc. – Industry “shifting” to new region
- 4. Shift and Share For a single industry
- 10. Shift-Share Critique • Data fairly available • But: – Local industry may differ from national even for a specific sector • Maybe the national level isn’t right benchmark – Difficult to select appropriate industry level • All manufacturing or a specific type… –i.e. all food processing or only smoked fish –If one plant is industry local = national
- 11. Shift-Share Critique • Data fairly available • But: – Competitive component can change quickly – Past performance may not match future • Difficult to identify cause (regulations, infrastructure, employee at firm, etc.)