cluster analysis process & economic geography development & planning process coherent...
TRANSCRIPT
Cluster Analysis Process &Economic Geography
• Development & Planning Process
• Coherent Resources
– Florida Database Overview
– The Florida Experience
• Primer on Concepts: A Quick Chalk Talk
• 4 Florida Industries
Development & Planning Process
• Regional development & cluster potential• Work force development planning• Project eligibility & grant funding• Do the work: Inducements & Local Growth• Grant compliance & benefits reporting
Database Overview &The Florida Experience
• I-O table, trade shares & trade flows, occupations• Relative production cost: inputs, labor, capital• Employment: durables, nondurables, all
nonmanufacturing; services; demand sources• Gross regional product: demand sources; sectors• Demographics & economic migrants
• Florida interests (history & forecast)• Florida regional issues (research & simulations)
Definitions of Concepts
• Occupational Access Productivity: Measures each of 94 occupational productivities due to regional labor market size, relative to the nation:– ability of firms to hire appropriate labor– ability of workers to select best firms
• Labor Access Index: Build by sector by region by weighing occupational access productivities by:– sector usage of labor occupations– sector activity in a region
• Composite Wage Rate: Relative wage rate divided by labor access index
Definitions of Concepts (Cont)
• Commodity Access Productivity (Commodity Access Index): Measures intermediate input productivity due to the regional commodity market size, relative to the nation– ability of firms to buy appropriate inputs– ability of suppliers to find best customers– consumer ability to buy desired goods &
services– reflects market share changes due to delivered
price changes (price elasticity)
• Delivered Price: Measures, relative to the nation – production cost at every source location– plus transportation cost to the place of use
Definitions of Concepts (Cont)
• Composite Price:• The delivered price divided by the commodity
access index (an increase in the index represents a region’s increased ability to access a sector’s outputs).
• The composite price by industry reflects a sector’s price and variety of choice by region, relative to the nation, based on:– weighted average production cost across
every supplying region– weighted average effective distance to those
regions– relative ability in the region to access the
variety of output from the industry
Definitions of Concepts (Cont)
• Relative Cost of Production: Measures the combined cost of labor, capital, intermediate inputs, and fuel by industry, relative to the nation.– includes intermediate inputs from all sectors
& locations, taking into account the productivity of the inputs
– local production cost captures intermediate input composite prices; composite labor cost; and capital and fuel costs
4 Florida Industries
• Rubber (nondurable)
• Food (nondurable)
• Medical (service)
• Miscellaneous Manufacturing (durable)
Rubber (I-O Recap)Year
2001
• SubTotal (Intermediate Inputs) / Output 0.52642
Value Added (excl. fuel) / Output:• Labor 0.34829• Capital 0.12526• SubTotal (Value Added) 0.47355• Total 1
Food (I-O Recap)
Year 2001• SubTotal (Intermediate Inputs) / Output
0.67015
Value Added (excl. fuel) / Output:• Labor 0.17085• Capital 0.15897• SubTotal (Value Added)
0.32982• Total 1
Medical (I-O Recap)
Year 2001
• SubTotal (Intermediate Inputs) / Output 0.31715
Value Added (excl. fuel) / Output:• Labor 0.54386• Capital 0.13904• SubTotal (Value Added) 0.6829• Total 1
Misc Manufacturing (I-O Recap)
Year 2001
• SubTotal (Intermediate Inputs) / Output 0.53875
Value Added (excl. fuel) / Output:• Labor 0.26873• Capital 0.19253• SubTotal (Value Added) 0.46126• Total 1