Document Type

Thesis - Open Access

Award Date

1974

Degree Name

Master of Science (MS)

Department

Economics

Abstract

In a time of increased awareness of regional and community repercussions of socio-economic and political decisions which often originate outside of the region or community, there is a strong need for the development of a theoretically acceptable, and statistically applicable method, by which the impact of these various decisions upon the regional economy can be delineated. A priori knowledge, based upon an abstract theoretical model is not sufficient. The ramifications of decisions which affect the income producing sectors of a regional economy are not contained within a vacuum. It is paramount that the regional impacts of such decisions be estimated before the policy implementation takes place. This study explores the use of linear regression and reduced form analysis as a method by which impacts of changing economic sectors on total regional income can be estimated. Analysis of this type will provide the regional economist and public policy makers with an improved basis for interpreting the nature of a regional economic system in the light of national, state, and regional decision implementation. Of primary importance to the growth of a regional economy is the viability of its exporting sector. Economic growth depends upon a continuous marketing of products outside the region, stimulating consumption, investment and income of the region. This presumes that the region experiences a demand for the products it produces in excess of its own local demand; for in general the level of, or changes in local demand, will not be of the magnitude sufficient to support extensive growth of regional income.

Library of Congress Subject Headings

Regional planning

Space in economics

Economic development

Format

application/pdf

Number of Pages

141

Publisher

South Dakota State University

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