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http://purl.umn.edu/55112
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| Title: | Estimating North Dakota's Economic Base |
| Authors: | Coon, Randal C.
Leistritz, F. Larry |
| Keywords: | economic base
sales for final demand
input-output model
personal income |
| Issue Date: | 2009-05 |
| Series/Report no.: | Agribusiness & Applied Economics Report No.
643 |
| Abstract: | North Dakota’s economic base is comprised of those activities producing a product paid
for by nonresidents, or products exported from the state. North Dakota’s economic base
activities include agriculture, mining, manufacturing, tourism, and federal government payments
for construction and to individuals. Development of the North Dakota economic base data is
important because it provides the information to quantify the state’s economic growth, and it
creates the final demand sectors for the North Dakota Input-Output Model. This report provides
a brief description of the methodology used to estimate each individual sector and the associated
data sources. Sales for final demand have been estimated for the 1958-2007 period. Personal
income generated by the North Dakota Input-Output Model can be compared to Bureau of
Economic Analysis values to validate the model. For the 50-year period the state’s economic
base has been estimated, the absolute average difference from Bureau of Economic Analysis
personal income was 7.19 percent. |
| URI: | http://purl.umn.edu/55112 |
| Institution/Association: | North Dakota State University>Department of Agribusiness and Applied Economics>Agribusiness & Applied Economics Report |
| Total Pages: | 108 |
| Collections: | Agribusiness & Applied Economics Report
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Files in This Item:
| File |
Description |
Size | Format |
|---|
| AAE643.pdf | | 507Kb | PDF | View/Open |
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