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Running Head: ECONOMIC BASE ANALYSIS OF BROWARD COUNTY,

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  • "Running Head: ECONOMIC BASE ANALYSIS OF BROWARD COUNTY, FLORIDA 21ECONOMIC BASE ANALYSIS OF BROWARD COUNTY, FLORIDA 11,490NAICS 71 Arts,entertainment, and 0.56recreationNAICS 720.91Accommodation 0.91and food services4689 24681NAICS 81 Otherservices,..

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  • "Running Head: ECONOMIC BASE ANALYSIS OF BROWARD COUNTY, FLORIDA 21ECONOMIC BASE ANALYSIS OF BROWARD COUNTY, FLORIDA 11,490NAICS 71 Arts,entertainment, and 0.56recreationNAICS 720.91Accommodation 0.91and food services4689 24681NAICS 81 Otherservices, except1.19publicadministrationNAICS 99 500 6341.79Unclassified Totals basic =51375? ? ? ? ? ? ? ? ? ? ? ? ? ? ? The Base Multiplier is given by= 12.871163? ? ? ? ? ? ? ? ? ?Running Head: ECONOMIC BASE ANALYSIS OF BROWARD COUNTY, FLORIDA 22Figure 6: location quotient employment for each industry in Leon County 2014Location Quotient by Industry BrowardCounty, Florida, 2016 NAICS 11… NAICS 99 Unclassified 1.8 NAICS 21… 1.6 NAICS 81 Other… NAICS 22 Utilities 1.4 1.2 NAICS 72… NAICS 23 Construction 1 0.8 0.6 NAICS 71… NAICS 31-33… 0.4 0.2 NAICS 53 Real estate and… NAICS 42 Wholesale trade 0 NAICS 52 Finance and… NAICS 44-45 Retail trade NAICS 51 Information NAICS 54 Professional… NAICS 48-49… NAICS 55 Management… NAICS 62 Health care… NAICS 56 Administrative… NAICS 61 Educational… The Figure 6above is that of the radar chart which is showing the location quotients ofemployment for all the industry in Broward County, Florida in 2014.The data can be brokendown in Table 3 above.Despite the employment data being constant, and retrieved from thesame source, the base multiplier is quite different from approaches.When using the AssumptionApproach, the base multiplier is 11.239 in the state of Florida, but only 7.74531 in BrowardCounty, despite sharing the same basic employment sectors(Parisot, 2014).The LocationQuotient Approach, which is a comparison model combining data from both the county andstate, calculated a base multiplier of 12.871163.Running Head: ECONOMIC BASE ANALYSIS OF BROWARD COUNTY, FLORIDA 23ReferencesU.S. Bureau of Labor Statistics. (2016). Bls.gov. Retrieved 19 November 2016, fromhttp://www.bls.gov/home.htmChiang, S. (2008). Location quotient and trade. The Annals Of Regional Science, 43(2), 399-414.http://dx.doi.org/10.1007/s00168-008-0218-yGreater Fort Lauderdalei Broward County Convention Center Fort Lauderdale, Flordia. (2005).Journal Of Histotechnology, 28(3), 141-141. http://dx.doi.org/10.1179/his.2005.28.3.141Behar, A. & Mok, J. (2013). Does Public-Sector Employment Fully Crowd Out Private-SectorEmployment?. IMF Working Papers, 13(146), i.http://dx.doi.org/10.5089/9781484329412.001Fournier, M. & Mercier, C. (2009). Economics of employment and unemployment (1st ed.).Hauppauge NY: Nova Science Publishers.Parisot, J. (2014). Geopolitical Economy: After US Hegemony, Globalization and Empire.Review Of Political Economy, 26(4), 666-670.http://dx.doi.org/10.1080/09538259.2014.950446Bureau, U. (2016). Census.gov. Census.gov. Retrieved 19 November 2016, fromhttps://www.census.gov/en.html "

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