Regional Industry Cluster Analysis for the Potomac Highlands in West Virginia

Jing Chen () and Randall Jackson ()
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Jing Chen: Regional Research Institute and Department of Geology and Geography, West Virginia University

Working Papers from Regional Research Institute, West Virginia University

Abstract: This part of the project identifies existing industrial clusters for the Potomac Highlands region in West Virginia and seeks potential industries or clusters for economic development. We also evaluate strengths and gaps of existing industry clusters. Our cluster analysis comprises three parts, including (1) location quotient (LQ) analysis, (2) shift-share analysis, and (3) input-output (I-O) analysis. Results of both location quotient and shift-share analyses are used for industry targeting, whereas input-output analysis measures existing cluster strengths and bottlenecks for potential cluster diversification strategies based on Jackson’s(2015) cluster and diversification strategy (CADS).

Keywords: Industry Clusters; Shift-Share; Input-Output Analysis (search for similar items in EconPapers)
JEL-codes: L52 O10 R15 (search for similar items in EconPapers)
Pages: 28 pages
Date: 2018-08-10
New Economics Papers: this item is included in nep-ure
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Persistent link: https://EconPapers.repec.org/RePEc:rri:wpaper:2018rd03

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