6)Seogang university management accounting15

6)Seogang university management accounting15 - Takes into...

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N14: Location of Economic Activity Measure of Industry Concentration at location i: Location Quotient i i i x s LQ = Where s i is location i’s share of industry employment x i location i’s share of total employment Note if LQ i = 1 then like national average
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Measure of Overall Concentration of an Industry Gini Coefficient Suppose set of M locations sorted by increasing values of LQ i Takes a minimum value of 0 (industry distributed in proportion to population). Takes a maximum value of 1 (industry concentrated in one place with small total employment share). Equals area between plot of cumulative share of industry employment and cumulative share of total employment. (This measure is also used to quantify income inequality).
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Another Measure of Industry Concentration Ellison-Glaeser index Takes into account industries with few establishments will obviously be concentrated
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Unformatted text preview: Takes into account randomness o Dartboard effects: throw darts at dartboard with uniform probability. If few darts, then will get clumps by chance If look at data on large geographic regions with aggregated industies (with lots of establishments) then not an issue. Specialization by Urbanization Take counties and determine all counties within 30 miles (the neighborhood) Calculate population in the neighborhood o Hudson County, NJ has 15.4 million in neighborhood o Loving County, Texas, has 67 people in neighborhood Divide counties into density quartiles based on this measure o Four equal sized (in population) groups of counties Understanding the Location of Industry Natural Advantage (or comparative advantage, Ricardian trade theory) Scale economies and transportation cost o Concentrated market factor Government Policy...
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This note was uploaded on 02/17/2011 for the course ACCT 2050 taught by Professor None during the Spring '11 term at Algoma University.

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6)Seogang university management accounting15 - Takes into...

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