You are not currently logged in.
Access JSTOR through your library or other institution:
If You Use a Screen ReaderThis content is available through Read Online (Free) program, which relies on page scans. Since scans are not currently available to screen readers, please contact JSTOR User Support for access. We'll provide a PDF copy for your screen reader.
The Identification of Economic Base Industries, with an Application to the Newfoundland Fishing Industry
Noel Roy, Ragnar Arnason and William E. Schrank
Vol. 85, No. 4 (Nov., 2009), pp. 675-691
Published by: University of Wisconsin Press
Stable URL: http://www.jstor.org/stable/27759709
Page Count: 17
You can always find the topics here!Topics: Fishing industry, Fishery economics, Industry, Gross domestic product, Economic theory, Economic capital, Economic models, Macroeconomics, Economic growth models
Were these topics helpful?See somethings inaccurate? Let us know!
Select the topics that are inaccurate.
Since scans are not currently available to screen readers, please contact JSTOR User Support for access. We'll provide a PDF copy for your screen reader.
Preview not available
The contribution of an industry to GDP is typically measured by its value added. However, casual observation suggests that some industries play a greater role in overall economic activity than this measure indicates. Observations of this kind have in particular been applied to resource industries and have given rise to the concept of the economic base. Unfortunately, empirical and econometric verification of the concept of a base industry has been limited. This paper outlines a theory of base industries, develops a methodology for identifying economic base industries and measuring their impact, and applies this methodology to the fishing industry of Newfoundland.
Land Economics © 2009 Board of Regents of the University of Wisconsin System