Evaluating the Economic Structure of a Rural Area: Demonstration of an Input-Output Analysis (Classic Reprint) - Softcover

Agriculture, United States Department Of

 
9781390360394: Evaluating the Economic Structure of a Rural Area: Demonstration of an Input-Output Analysis (Classic Reprint)

Synopsis

Excerpt from Evaluating the Economic Structure of a Rural Area: Demonstration of an Input-Output Analysis

The interindustry framework provides a powerful approach to area economic structural analysis. When implemented empirically, such a framework provides an analytic data system which indicates in a consistent manner the levels of the various area economic activities as well as their economic interrelationships. Data arrayed in an interindustry framework provide much of the empirical input required for application of a wide variety of analytic techniques, including input-output analysis, mathematical programming, and simulation.

The Economic Research Service is developing an extended interindustry inter actions information system designed to be implemented largely with secondary data for the rapid low-cost calculation of sector interrelationships. When fully developed, the system will provide a description of economic structure which will be a useful detailed evaluation of development potentials of specific multicounty areas. A byproduct of this effort has been the construction and implementation of a simple model which illustrates many of the characteristics of the more com prehensive system. This report summarizes the results of this illustrative model as applied to a lo - county area centered around Asheville.

To provide an understanding of the structure of the Asheville area economy, these results are preceded by related background information. The report describes the generally low level of area income and the distribution which results in a large proportion of low-income families. The income level and distribution problem is explained in terms of local commitments to low-wage occupations and to nationally declining industries. Using interindustry flow analysis, prospects are appraised for creating new jobs and improving the area income picture through expanding markets for local products.

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