An Appraisal of the Minimum-Requirements Technique

Bibliographic Data

ID4773853
AuthorsRichard T Pratt, R T C Pratt (corresponding author)
Year1968
Volume44
Issue2
Pages117
Publication date1968-04-01
Peer ReviewedYes
Open AccessNo
TypeARTICLE
VenueEconomic Geography (JOURNAL)
Journal identifiersISSN: 0013-0095 • E-ISSN: 1944-8287
PublisherJSTOR (PUBLISHER)
DOI10.2307/143309
OpenAlexW2322675837
LanguageEN
Citations received7

looking for the quickest and least expensive method to separate a local economy into its base and service components. The earliest shortcut method was the residual, or assumption, approach used in early studies by Homer Hoyt. The residual method could probably be considered the simplest of the shortcut approaches to sectoring the local economy. More recently, the location quotient and the index of surplus workers, a modified version of the location quotient, have been widely used in economic base investigations. In the late fifties a new type of apportionment ratio was introduced which, its developers claim, is superior to the more traditional location quotient or index of surplus workers. Edward Ullman and Michael Dacey, best-known exponents of the technique, claim: For individual cities it also enables one to calculate the gross export and local components on a 14-industry basis in a more reliable way than by any other shortcut method.' Ullman and Dacey further suggest

Business · Economics · Operations management · Process management · Computer Science · Economic Growth and Productivity · Regional Development and Policy · Regional Economics and Spatial Analysis

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