Agenda - 05-18-2010 - 8b - Laserfiche WebLink

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and acknowledgment of multiple forms of economy in a geographical entity. The measures suggested here focus on diversity indices, such as the Hachman Index, which uses weighted location quotients.z Two categories of items not captured comprehensively in these metrics merit conversation as points for future research and possible student projects. One category is informal labor characterized by non - market transactions and alternative economies, which are difficult but possible to assess in a locality. Due to the limited time and resources for this initial research, the metrics included here focus primarily on more formal labor, with only a few measures of "alternative economies," such as the presence of co- operatives and Community Supported Agriculture arrangements (Gibson- Graham, 2008). The second category not captured here is a measure of inter - industrial linkages, or formal and informal interactions between industries. Wagner and Deller suggest that an Input- Output analysis completed using the IMPLAN program could be used to determine inter - industrial linkages between the county and economic actors across the region (Wagner & Deller, 1993). This would require physical access to the program, data for input, and knowledge of how to accurately calculate linkages. In light of time and resource limitations it is not addressed here, but is suggested for consideration in future work. 2 The location quotient (LQ) is the measure of relative concentration of an industry, where an LQ of greater than 1 indicates specialization in a particular industry. The formula for LQ is ((total employment in local industry i / total local employment) / (national employment in industry i / total national employment)]. The Hachman Index (HI) measures distribution in a given area.