The North Dakota Input-Output Model: A Tool for Measuring Economic Linkages
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Date
1984
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Publisher
North Dakota State University
Abstract
Description
The article is an inquiry into the effects of one market sector upon the total North Dakota economy. Historically, the state's economy has been agriculturally driven. With the advent of new industries, this shifts input into revenue from one to another or redistributes such. This article takes an analytical approach to theses segments of the total state inputs into the economy. They conclude that the North Dakota Input-Output Model that they set forth is both a useful one and accurate for the description of economics linkages and interrelationships that exist in North Dakota's economy in regards to both industrial and agricultural developments/inputs. The more detailed and accurate the information that public policy makers have available, the more precise, best suited, educated decisions for the management regarding the state's economy.