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Economic Development Research Group Blog

Measuring the STEM-Intensity of Your Region

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I recently participated in a workforce roundtable at The Council for Community and Economic Research's (C2ER’s) annual conference in Atlanta. C2ER is a membership organization comprised of economic researchers and data providers from the public, private, and nonprofit sectors. This year’s conference theme was “RISE: Resiliency, Innovation, Skills, Equity,” which inspired me to present on workforce data and how it can be used to find job opportunities for people who don’t have a college degree. My presentation explained how STEM occupations—those requiring knowledge in science, technology, engineering, and math—are often thought of as well-paying, white-collar jobs held by people with high levels of education. These include engineers and scientists, for example. In reality, there are many occupations that require a level of STEM knowledge and still pay well but are accessible to people without a college degree. These include jobs like arborists, diesel mechanics, electricians, and land surveyors. This disconnect...
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Improving Regional Economic Analysis: A Case Study

Input-output (I-O) analysis is an important technique used to estimate how changes in one sector of the economy affect employment, wages, and overall production in other sectors. An economist named Wassily Leontief developed the technique decades ago, receiving the 1973 Nobel Memorial Prize in Economic Sciences for doing so. Today, analysts customize national I-O “accounts” produced by the U.S. Bureau of Economic Analysis in order to study regional (sub-national) effects. These accounts describe how industries, households, and government exchange goods and services, and regional models, in turn, use this information to simulate the magnitude, direction, and timing of economic impacts. 
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