Measuring Industry Importance: An Australian Application.
The focus of this paper is an empirical examination of the importance of an industry in terms of its contribution to regional employment. It uses a closed input-output model. Four alternative measures of importance are presented and explored in the framework of a 58-industry input-output model of the Australian State of Tasmania. The four measures are compared to each other, to direct employment and to a multiplier-based rule-of-thumb. Our preferred measure is one which takes into account both direct effects and the strength of backward linkages. The rule-of-thumb is found to be highly correlated to this measure.
Year of publication: |
1993
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Authors: | Groenewold, N ; Hagger, A J ; Madden, J R |
Published in: |
The Annals of Regional Science. - Western Regional Science Association - WRSA. - Vol. 27.1993, 2, p. 175-82
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Publisher: |
Western Regional Science Association - WRSA |
Saved in:
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