Agricultural Economics Department
Cornhusker Economics
Date of this Version
4-10-2024
Document Type
Newsletter Issue
Citation
Cornhusker Economics (April 10, 2024)
Agricultural Economics, University of Nebraska-Lincoln
Abstract
In addition to the Location Quotient analysis, several other economic development analytical tools can contribute valuable insights to investment decisions, such as population-employment ratios and shift-share analysis. The use concomitant of these tools boosts the information provided by the Location Quotient analysis, offering a more holistic perspective. Recognizing that each analytical tool provides only a partial view, it is essential not to rely solely on one method when making investment decisions. Comprehensive decision-making necessitates leveraging multiple tools to gain a more nuanced and accurate understanding of local economies.