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The Economic Base of North Dakota AgEcon
Coon, Randal C.; Bangsund, Dean A.; Hodur, Nancy M..
The growth and composition of the North Dakota economy have been measured by using economic base analysis. Economic base (sales for final demand) has been estimated for sectors corresponding to the North Dakota Input-Output Model and for industrial categories. These two measures produce the same total basic economic activity, but use different delineations. North Dakota’s economic base has grown from $8.3 billion in 1990 to $32.2 billion in 2010 when measured in current year (nominal) dollars. When measured in real or constant dollars, the economy grew from $12.8 billion in 1990 to $32.2 billion in 2010. Constant dollars remove the effects of inflation and were calculated using the Gross Domestic Product Implicit Price Deflators. Nominal growth of the...
Tipo: Technical Report Palavras-chave: North Dakota; Economic base; Basic-sector industries; Sales to final demand; Impact assessment; Economic contribution; Financial Economics; Public Economics.
Ano: 2012 URL: http://purl.umn.edu/121763
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