Measuring Industry Importance: An Australian Application

N Groenewold, A J Hagger and John Madden

The Annals of Regional Science, 1993, vol. 27, issue 2, 175-82

Abstract: 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.

Date: 1993
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Persistent link: https://EconPapers.repec.org/RePEc:spr:anresc:v:27:y:1993:i:2:p:175-82

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