This document summarizes the goals and methodology of a study assessing the economic base of the Miami Valley region from 1970 to 2000. The study aimed to provide an in-depth review of the region's economy compared to Ohio and the US through analyzing indicators such as income, business establishments, and employment by industry. It conducted location quotient and shift-share analyses using 1970 and 2000 employment data to understand the region's economic base and changes over time due to reference area growth, industry mix, and regional shift effects. The full report is available online.

1. Miami Valley Economic Base
Assessment
Board of Directors
January 5, 2006

2. 
Study Goals
9 Follow up to the 2005 State of the
Region report to conduct more in
depth review of the economic
attributes in the Region
The Miami Valley Region
Greenville
Troy
Darke County
Springfield
Miami County
Clark County
WPAFB
Eaton
Dayton

Study Area
9 8 Counties of the Miami Valley
Region
Xenia
Preble County
Montgomery County
Hamilton
Lebanon
Greene County
M I C H IG A N
IN D I A N A
OHIO
PENNSYLVAN
9 Provide a statistical measure of
where the Region’s economy stands
in comparison to the State of Ohio
and to the US
Butler County
Warren County
WE ST
K EN T U C K Y VI R G I N

3. Economic Indicators Review

Income
9 Per Capita Income
9 Average Wage

Business
9 Business Establishments
9 Business Starts

Labor Force
9 Employment by Industry
9 Employment by Occupation
9 Employment Participation

4. Income – Per Capita Income

5. Business – Business Establishments

6. Labor Force – Employment by Industry

7. Economic Base Analysis


Conducted Location Quotient and Shift-Share
Analysis to assess the Region’s Economic
Base
Analysis Framework
9 Used 1970 and 2000 Employment Data by
Industry
9 Used State of Ohio and US as a Reference Area

8. Location Quotient Analysis

Measures the relative concentration of each industry
sector in the regional economy

9. Shift-Share Analysis


Measures the relative
changes that have taken
place over time and reveals
real growth versus apparent
growth
Separates economy growth
into 3 components
9 Reference Area Growth
Effects
9 Industry Mix Effects
9 Regional Shift Effects

12. Study Report and More

Available in PDF at
www.mvrpc.org/rlu