Based On The Economic Base Model In The U.s. State Of Florida Study

Economic base model is one of most important model for measuring the different influence of external demand to regional economic development.As more and more emphasis of economists on the research of industrial characteristics,industrial structure,main industries, development level of main industries offer satisfied explanation to dissimilar impact of external demand to regional economic development,thus traditional economic base model specifies industries(sectors) gradually.When industry categories are included,statistic data becomes complete and econometric technique improves,model economic base model consider industry characteristic as explanatory variables,as a result,model can express the industry-specified economic base multipliers instead of traditionally economic base multipliers.Therefore,the modern model offers the theoretical foundation for comparing influence of relative industry to the same regional economics.The paper introduce the source of economic base theory and development of economic base model at first,then summarize four common different strategies for estimating economic base multipliers,at last,focus on empirical research in Florida depending on two of the above methods.