the U.S. economy is based on 3 categories of data:
Taking the temperatureWhat are the dynamics of
economic activity in this location?
understanding the business climateWhat is the quality of this location
as a place to do business?
UNDERSTANDing the LegacyWhat are the demographic and geographic characteristics of this location?
Regional economic performance can be measured by indicators of overall performance directly related to the standard of living in a region, as well as intermediate indicators of economic activity that may or may not translate into a region’s standard of living.
International Trade & Investment
The first key driver of regional economic performance is the quality of a region's business environment, which is shaped by policy and firm behavior.
Factor Input Conditions
Context for Firm Strategy and Rivalry
Related or Supporting Industries
Demographics & Geography
The second key driver of regional economic performance is a region's structure, which is largely shaped by population and demographic characteristics.