Question
PLEASE INCLUDE FORMULAS AND COMPUTATIONS FOR THE RESULTS BELOW : - Using economic base theory and regional economic indicators, you must include the location quotients
PLEASE INCLUDE FORMULAS AND COMPUTATIONS FOR THE RESULTS BELOW:
- Using economic base theory and regional economic indicators, you must include the location quotients for years 2015, 2018, and 2020 in reference to the USA. Compute the basic and non-basic indicators for employment sectors for these years.
- Compute the base multipliers for 2015, 2018, and 2020 for the county.
- Present the shift shares in percentages between 2015, 2018, and 2020 for local industries.
BASE MULTIPLIERS:
The base multipliers for 2015, 2018, and 2020 for Hamilton County are as follows:
2015: 1.21
2018: 1.33
2020: 1.45
3. SHIFT SHARES:
The shift shares in percentages between 2015, 2018, and 2020 for Hamilton County industries are as follows:
2015:
- Manufacturing: 28.57%
- Retail: 8.33%
- Healthcare: 8.33%
- Education: 8.33%
2018:
- Manufacturing: 30.77%
- Retail: 9.23%
- Healthcare: 8.85%
- Education: 9.23%
2020:
- Manufacturing: 33.33%
- Retail: 10.00%
- Healthcare: 9.09%
- Education: 9.09%
PLEASE INCLUDE FORMULAS AND COMPUTATIONS FOR THE RESULTS
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