Chapter 7: Traditional methods for local and regional economic analysis
In this chapter, some simple and easy to use analytical models/techniques are reviewed and discussed along with examples that will assist researchers and local policymakers in understanding, analysing and applying the local and regional development theories. These techniques will also assist in understanding, describing and documenting changes in the local economy in a way that would enable policymakers to make sound and informed decisions. Here, five of these models are discussed and applied to regional development settings. They are shift-share analysis, location quotient, economic base model, input–output model and data envelopment analysis (DEA).
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