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Conjoining Interindustry Linkages and Ownership Data: An Empirical Application
Author(s) -
JACKSON RANDALL W.
Publication year - 1989
Publication title -
growth and change
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.657
H-Index - 55
eISSN - 1468-2257
pISSN - 0017-4815
DOI - 10.1111/j.1468-2257.1989.tb00487.x
Subject(s) - economics , aggregate (composite) , perspective (graphical) , econometrics , aggregate data , computer science , medicine , materials science , pathology , artificial intelligence , composite material
Interest in the economic role of the large enterprise has led to numerous studies of economic dependency and regional economic health and performance. In this paper, an interindustry accounting framework is conjoined with Dun and Bradstreet corporate ownership data to provide a fresh perspective on the effects of external economic ownership. The aggregate level measurement method is applied to fifteen multicounty regions in the state of Illinois, and reveals considerable variation in the measures generated. High regional dependence measures are directly related to employment stability and inversely related to employment growth. Although interindustry accounts have been used most commonly in economic impacts assessment and forecasting, a broader range of potential applications lies in their use as descriptive and explanatory measurement tools. This paper addresses the external ownership issue at the macrolevel by testing the relationship between measures of input‐output dependence and indices of regional employment growth and stability, and demonstrates, in the process, a non‐conventional use of interindustry data. The conjoining of interindustry data and the Dun and Bradstreet data produces a unique set of measures of regional economic structure.