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Regional Growth Analysis
Assignment: you are an economic development specialist for the State of Florida preparing a regional economic analysis for the Miami-Fort Lauderdale- Palm Beach metropolitan areas. Using the data provided in the tables below,
1. Calculate location quotients for both metropolitan areas for 2000, 2005 and 2010
2. Analyze Miami and conduct a shift-share analysis for three periods: 2000-2005, 2005-2009, and 2000-2010
3. Prepare a memorandum to the Florida Director of Regional Economic Development that summarizes your assessment of the relative strengths and weaknesses of the regional economies for Miami, the dynamics of industry growth and decline, and your recommendations for targeting economic development strategies for industries in these metropolitan areas. (You do not have to identify specific programs; focus on how your analysis leads to adopting general guidelines.)
Notes & Tips:
1. Calculate the accurate numbers in Miami tables (in 2000 and others) with reasonable presumption, and explain the assumption and reason in detailed. You also can learn the ways from the PPT I uploaded;
2. All tables, charts, graphs should be numbered, clearly labeled and included in the back of the paper in appendices;
3. Use standard 1-inch margins, Time Roman Font, and 12 point font size;
4. Use a standard memorandum format (TO, FROM, SUBJECT, DATE, etc.);
5. Include page umbers and a running head on each page;
6. Cite all sources. (Data for this project are from the U.S. Department of Commerce, Bureau of Economic Analysis);
7. The missing data in the Miami tables for 2000 are not errors. Address how you handle this problem in your memorandum;
8. Make sure you discuss both metro areas in your memorandum, even if most of your analysis will focus on only one of them.
Assignment: you are an economic development specialist for the State of Florida preparing a regional economic analysis for the Miami-Fort Lauderdale- Palm Beach metropolitan areas. Using the data provided in the tables below,
1. Calculate location quotients for both metropolitan areas for 2000, 2005 and 2010
2. Analyze Miami and conduct a shift-share analysis for three periods: 2000-2005, 2005-2009, and 2000-2010
3. Prepare a memorandum to the Florida Director of Regional Economic Development that summarizes your assessment of the relative strengths and weaknesses of the regional economies for Miami, the dynamics of industry growth and decline, and your recommendations for targeting economic development strategies for industries in these metropolitan areas. (You do not have to identify specific programs; focus on how your analysis leads to adopting general guidelines.)
Notes & Tips:
1. Calculate the accurate numbers in Miami tables (in 2000 and others) with reasonable presumption, and explain the assumption and reason in detailed. You also can learn the ways from the PPT I uploaded;
2. All tables, charts, graphs should be numbered, clearly labeled and included in the back of the paper in appendices;
3. Use standard 1-inch margins, Time Roman Font, and 12 point font size;
4. Use a standard memorandum format (TO, FROM, SUBJECT, DATE, etc.);
5. Include page umbers and a running head on each page;
6. Cite all sources. (Data for this project are from the U.S. Department of Commerce, Bureau of Economic Analysis);
7. The missing data in the Miami tables for 2000 are not errors. Address how you handle this problem in your memorandum;
8. Make sure you discuss both metro areas in your memorandum, even if most of your analysis will focus on only one of them.
United states (000) 2000 2005 2010
Total ( 136891 141730 139064
Agriculture 2939 2197 2206
Construction 9931 11197 9077
Manufacturing 19644 16253 14081
Trade, Transp &Utilities 27359 28764 26873
Infor. & Fin. Activities 13433 13605 12499
Prof. & Bus Services 13649 14294 15253
Ed. & Health Services 26188 29174 32062
Leisure & Hospitality 11186 12071 12530
Government 6113 6530 6983

Miami- Ft. Lauderdale 2000 2005 2010
Total 2746243 3155172 3087468
Agriculture 15924 12553 11886
Construction 149588 213332 155680
Manufacturing 144520 108958 89217
Trade, Transp &Utilities 796454 613646 596479
Infor. & Fin. Activities 264915 238471 246829
Prof. & Bus Services 1035975 719250 668807
Ed. & Health Services N/Av 362508 415063
Leisure & Hospitality N/Av 285571 303884
Government 304021 332539 332707
Others N/Av N/Av N/Av

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