Transcript Definitions of Concepts

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
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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
•
•
•
•
Value Added (excl. fuel) / Output:
Labor
Capital
SubTotal (Value Added)
Total
0.52642
0.34829
0.12526
0.47355
1
Occupational Access Productivity:
Metal & Plastic Workers
Labor Access Index: Rubber
Relative Cost of Production: Rubber
Average Annual Wage Rate
(1000s Nom $): Rubber
Employment: Rubber
Delivered Price: Rubber
Commodity Access Index: Rubber
Relative Composite Price: Rubber
Food (I-O Recap)
• SubTotal (Intermediate Inputs) / Output
•
•
•
•
Value Added (excl. fuel) / Output:
Labor
Capital
SubTotal (Value Added)
Total
Year 2001
0.67015
0.17085
0.15897
0.32982
1
Occupational Access Productivity:
Food Processing Occupations
Labor Access Index: Food
Relative Cost of Production: Food
Average Annual Wage Rate
(1000s Nom $): Food
Employment: Food
Delivered Price: Food
Commodity Access Index: Food
Relative Composite Price: Food
Medical (I-O Recap)
Year 2001
• SubTotal (Intermediate Inputs) / Output
0.31715
Value Added (excl. fuel) / Output:
• Labor
• Capital
• SubTotal (Value Added)
• Total
0.54386
0.13904
0.6829
1
Occupational Access Productivity:
Health Diagnosing & Treating Prac
Occupational Access Productivity:
Other Health Professionals & Tech
Labor Access Index: Medical
Relative Cost of Production: Medical
Average Annual Wage Rate
(1000s Nom $): Medical
Employment: Medical
Delivered Price: Medical
Commodity Access Index: Medical
Relative Composite Price: Medical
Misc Manufacturing (I-O Recap)
Year 2001
• SubTotal (Intermediate Inputs) / Output
0.53875
Value Added (excl. fuel) / Output:
• Labor
• Capital
• SubTotal (Value Added)
• Total
0.26873
0.19253
0.46126
1
Occupational Access Productivity:
Electrical & Electronic Equip Occ
Occupational Access Productivity:
Other Production Occupations
Labor Access Index: Misc Manufacturing
Relative Cost of Production:
Misc Manufacturing
Average Annual Wage Rate
(1000s Nom $): Misc Manufacturing
Employment: Misc Manufacturing
Delivered Price: Misc Manufacturing
Commodity Access Index:
Misc Manufacturing
Relative Composite Price:
Misc Manufacturing