Relative Regional Economic Growth
Many kinds of decisions made by both private and public units depend on analyses of past growth and estimates of future growth of subnational areas. A significant proportion of all the capital investment and service expenditure decisions made by state and local governments, as well as capital investment and production decisions of private industry, is concerned with estimates of regional changes in population, in the volume of economic activities, and in the levels of living—that is, in the key elements of relative regional growth. Because of the importance of such estimates, it seems logical that they have a central place in any system of formally organized regional economic accounts.
KeywordsTransportation Income Expense Stein
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