English and Literature
Submitted By sivranny
These tools are widely used by local economic development (LED) practitioners:
General tools to help organise and compare data: Time series analysis Growth indexes Composite indexes Benchmarking GIS mapping PEST / trends analysis Tools to help cities understand the structure of their local economy: Sector share analysis Value-added analysis Economic base analysis Location quotient Specialisation index Shift share analysis Input-output analysis Social accounting matrix Cluster mapping Value chain analysis Tools to look at local endowments: Asset mapping Tools to assess human capital: Skills audit Tools to analyse institutions: Stakeholder analysis / institutional mapping
Analysing the Data
Guide to Data Analysis Tools
This chapter discusses the tools that cities and city-regions can use to analyse data collected on their economies. All of these have been tried and tested in actual city development strategies (CDSs). A few other tools not yet widely applied in city planning environments have also been included.
Time Series Analysis
What Issues Are Addressed by Time Series Analysis?
The following questions can be addressed by a time series analysis: How is a local economy performing over time? ● Population and other demographics (including education and labour force ● Income levels and distribution ● Employment and unemployment levels (total economy and by sector) ● Economic output and exports (total economy and by sector) Which growth patterns reﬂect shocks and cycles and which are long-term trends?
How Is Time Series Analysis Used?
See table 4.1, page 36
Time series analysis is one of the most widely used tools in local economy assessments. It maps the development of key socioeconomic indicators over a period of time and displays them in tables and graphs (line graphs or bar charts). Changes over time are expressed through annual…...